Role:Principal Regulatory Economist

Locations:Delhi - On Site

Role ID: 2025/2841

Our vision is to create a safe and sustainable world

Ricardo plc is a global strategic, environmental, and engineering consulting company. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering leading-edge and innovative cross-sector sustainable products and solutions. Every day, we enable our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.

The role
We are looking for a Principal Regulatory Economist (suitable for those with relevant post-graduate experience in the energy sector) to join our Future Energy Solutions team. 

The team
The Future Energy Solutions team comprises a group of highly experienced professionals specialising in engineering techno-economic, and management consultancy services for the energy sector, with this role having a particular emphasis on the power sector. We cover power generation, transmission and distribution planning, electricity tariff and affordability studies, renewable energy integration, regulation, policy, power market design and “smart grid” innovation projects. We are a respected consultancy in the hydrogen sector and our depth and breadth of expertise and diverse portfolio provides potential candidates with a unique opportunity to work on such projects across the globe. We are a committed team of like-minded professionals with a growing portfolio of energy technology, policy and strategy projects.

Key Responsibilities
From a delivery perspective, you will be expected to provide expertise in the fields of power sector regulation (regulated revenues for network operators, capital budget review, tariff design, network codes) and economic/financial analysis (cost-benefit analysis, financial assessment). You will be expected to manage projects in your area of expertise from inception to final delivery, coordinating the team (both internal and external), managing relationships and taking ultimate accountability for project financial and overall performance. From a sales perspective, you will be expected to contribute to lead generation and bids primarily in Middle East, Asia and Australia.

Examples of the projects you will be managing include:

• Tariff and Cost of Service studies for the power sector.
• Electricity Rate design.
• Feasibility studies for renewable energy projects.
• Developing technical and economic power sector regulatory frameworks.

Our projects span across UK, Sub-Saharan Africa, South Asia, Latin America, Caribbean, Middle East, and Australia.

Skills And Experience
The position would suit candidates with:

Essential

•  A strong degree in energy economics or finance.
•  Post-graduate experience working in an energy consultancy environment.
• Project experience outside of India is essential.
• Experience leading cost of service studies on behalf of power utilities or power regulators.
• Experience leading economic / financial analysis and due diligence on behalf of IPPs or lenders.
• Deep understanding of power networks and power systems, power sector regulation, electricity markets.
• Solid experience in successfully leading teams and managing complex projects.
• Fluency in English and Hindi.

Desirable

• Relevant experience working on projects funded by multi-lateral and bilateral agencies such as the World Bank, the Asian Development Bank, the African Development Bank or the Inter-American Development Bank.
• Proven experience writing compelling bids for customers in the context of open or restricted tender processes.

Working here
You will be warmly welcomed into our workplace where every voice matters. We are diverse thinkers and doers, coming together to create a culture of inclusion. We will support you to find your place. We will encourage you to use your passion and expertise to make a positive impact through the projects you work on. Your knowledge and desire to bring about change will be invaluable in helping deliver innovative solutions that support communities across the globe in becoming safer and more sustainable.

Work life balance
We offer flexible approaches to work, whether that is working from home, being in the office, or as a hybrid worker. We're happy to discuss flexible working arrangements. Wellbeing is at the core to our culture, allowing employees to flourish and to achieve their full potential.

Diversity, Equality and Inclusion statement
We are an Equal Opportunity Employer, we believe in each person's potential, and we'll help you reach yours. We have an ambitious diversity, equality, and inclusion approach as explained here. We value diversity; recognising that a more diverse workforce creates a richer and more varied working environment. Diversity also drives innovation, by allowing us to offer our clients the best consultancy service that we can. As part of our commitment to engage positively and pro-actively with all our employees to ensure an inclusive culture, we are a recognised as a 'disability confident' employer.

Benefits
We want you to know how much you are valued. Your remuneration and benefits package will reflect that. You will receive a range of benefits which include support for your physical and mental health.

Next steps
Once you have submitted your application a member of our Recruitment Team will be in touch. Please be aware that the timing can vary dependent on the volume of applications that we receive for each role and in some cases, we may start to review applications prior to the closing date.

Ricardo is a Disability confident employer please advise the recruitment team via recruit@ricardo.com if you require any adjustments to support you throughout the recruitment process.

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