AddressManager of Rates and Product Design
Do you want to join a team that values Service, Collaboration and Excellence?
Do you want to work with an organization that is committed to serving its customers and community by providing clean, reliable, and affordable energy to Long Island and the Rockaways?
Is being part of a value-driven organization important to you?
If yes, please check us out!
We are a team of motivated, engaged and exceptionally talented self-starters, willing to roll up our sleeves and do what is necessary to get the job done. If you are interested in joining this dynamic team and have a passion to learn, develop and want your experience to make an immediate impact, please apply.
What We Offer
We offer an environment of continuous development and growth. LIPA offers a thriving company culture, exceptional colleagues, and great benefits. Our benefit package includes:
- Hybrid work and flexible hours
- Medical insurance
- Dental and vision insurance at no cost to employee
- Paid holidays and generous leave time
- Professional development opportunities
- Educational assistance opportunities
- Multiple retirement plan options with company contribution
- Short-term and long-term disability coverage
- Flexible spending account
- Life Insurance
- 529 College Savings Program
- $300 Wellness Reimbursement
What We Need
- Degree in a quantitative field such as Economics, Finance, Business Analytics, Engineering, Mathematics, or Statistics and Six (6) years of related utility rates experience; and
- Two (2) years of experience managing direct reports
Preferred Qualifications
- An advanced degree (MS, MA, MBA, Ph.D., or equivalent) in a quantitative field such as Economics, Finance, Business Analytics, Engineering, Mathematics, or Statistics and Eight (8) years of related utility rates experience
- Two (2) or more years of experience managing direct reports
What You’ll Do At LIPA
The Manager of Rates and Product Design takes on LIPA's mission of delivering clean, reliable, cost-based, and affordable electric service to our customers by developing affordable value-enhanced programs and offerings, preparing Rates and tariff proposals, supporting analyses that advance LIPA's rate policies and other strategic objectives, monitoring LIPA's sales and revenues, evaluating and the performance of LIPA's Rates and cost recovery riders, and overseeing costing analysis.
The role is also responsible for supporting the director of Rates, leading a team of Rates practitioners, collaborating with others in LIPA and its vendors, and exercising influence with or without direct authority.
LIPA is committed to transforming its power grid to meet New York's landmark climate goals and delivering 100% carbon-free electricity by 2040. The manager is expected to develop effective, innovative, and advanced rate designs that support this clean energy transformation, enabling the optimal integration of distributed energy resources into the grid in balance with the need to keep electric service affordable for all customers.
Other Essential Job Functions include:
* Responsible for LIPA overall rate design efforts
- Adjust delivery prices to recover LIPA Board approved revenues
- Maintain pricing models and databases
- Pro-forma (normalize) revenues and prepare proof of revenue (final rates)
- Develop consistent and sustainable revenue allocations
- Balance riders/addenda tariff option with the application of base rate
- Model and evaluate the impacts of price changes on customers and rate classes
- Gather, review, and summarize input from internal and external stakeholders regarding desired price structure changes
- Examine, analyze, and benchmark electricity service plans and customer program offerings, including design features of innovative pricing structures and customer preferences
- Promote simple and customer-friendly rates
* Responsible for LIPA costing studies
- Periodically assemble an Embedded Cost of Service (ECoS) study to determine the costs to serve each major rate class and their relationship to current levels of revenue
- Provide marginal and avoided cost estimates to the Utility 2.0 team for use in Benefit-Cost Assessments (BCAs)
- Develop and maintain an Allocated Cost of Service (ACoS) study to reflect the principles espoused by the NY PSC for the allocation of costs for standby service and optionally for all customers
- Annually update the Transmission Service Charge (TSC) to support the charges to the three Long Island municipalities and other wholesale users of LIPA's transmission system billed under the NYISO tariff
- Develop and maintain a Marginal Cost of Service (MCoS) study to determine the long-term costs to provide incremental units of demand and energy and associated costs avoided from decreased or curtailed usage
- Coordinate and educate the Department of Public Service staff on LIPA's costing methods and relationship to best practices within the State and the public power industry
- Evaluate the impact of proposed regulatory and legislative actions on cost responsibility for new charges and/or existing rates
* Responsible for LIPA's rate program development
- Evaluate and develop alternative pricing plans as needed and to remain innovative
- Research customers' energy choices and understand how to analyze, influence, predict, and apply them
- Develop new utility product offerings that actively enhance LIPA's customer value and affordability and execute LIPA's Board Policies, and test innovative approaches for understanding and equitably serving diverse customer segments
- Prepare analyses and presentation materials in support of project and program proposals
- Anticipate, prepare and answer data requests, and analyze stakeholder questions related to project and program proposals
- Analyze financial and strategic impacts of regulatory and legislative "asks" from other organizations and team
* Responsible for monthly Revenue and Sales reports and ongoing price plan performance, including revenue variance reporting and analysis
* Responsible for LIPA's ad hoc pricing analysis and prepare pricing/rates as needed
* Participate, evaluate, and influence proposed state regulatory and legislative actions
* Monitor the comparison of LIPA rates to those of other utilities
* Manage utility industry research and capture case studies of utility success
* Research alternative costing methods and trends in the industry
* Manage the Rates and Product Design team, coach and develop team members
Salary Range: $ 150,000-$180,000
LIPA is an equal opportunity employer.
Applying: Interested parties should submit their cover letter and resume to Barbara Ann Dillon, Director of Human Resources and Administration, at 2023Managerofrates@lipower.org
