Director of Off-Peak Power at Eligo Energy, LLC

Description

Role Objective

Off-Peak Power is a recent joint-venture between TerraFlow Energy and Eligo Energy.  Off-Peak Power will operate regional load serving entities (starting with ERCOT) primarily for large industrial customers using TerraFlow Energy’s grid-scale batteries.

The Director of Off-Peak Power will lead the planning, regulatory approval, and operational build-out required for Off-Peak Power to become an active ERCOT Retail Electric Provider (REP) and Qualified Scheduling Entity (QSE).

The role begins with Option 2 REP / Level 2 QSE participation, followed by a structured upgrade to Option 1 REP with either an in-house or outsourced Level 4 QSE.

This position is responsible for coordinating internal resources, consultants, external vendors, regulators, and financial counterparties to achieve market readiness and compliance.

Phase 1 – Strategic & Business Planning

Enterprise Business Planning

• Develop near-term, mid-term, and long-term business plans and forecasts suitable for:
• Investors and capital planning
• ERCOT REP and QSE applications
• Credit counterparties and collateral providers
• Define load growth assumptions, revenue model, margin structure, and risk framework
• Align forecast assumptions with ERCOT credit and operational requirements

Phase 2 – REP Certification & Regulatory Setup

• Option 2 REP (Initial Market Entry)
• Establish legal entity
• Execute required applications and agreements
• Coordinate regulatory filings and approvals with ERCOT and the Texas PUC

• Option 1 REP (Upgrade Path)
• File amendment to REP certification type
• Establish and document Option 1 technical and managerial capability, including:
• Management industry experience
• Commodity and risk management experience
• Complete additional ERCOT testing or “flight tests” if required
• Satisfy Option 1 financial requirements
• Implement enhanced ERCOT reporting requirements

Phase 3 – QSE Strategy & Activation

• Level 4 QSE (In-House or Outsourced)
• Submit ERCOT QSE application
• Manage ERCOT administrative review
• Satisfy credit and financial qualification requirements

Provide sections from the Phase 1 business plan and operational forecast.

• Demonstrate technical and operational readiness:
• Scheduling systems
• Telemetry and settlement interfaces
• Backup control plans
• Complete operational testing and ancillary services qualification
• Secure ERCOT certification and final approval

Phase 4 – Systems, Technology & Integration

Market Systems & EDI

• Select, negotiate, and contract:
• Market systems vendor
• EDI provider
• Oversee implementation and integration
• Complete ERCOT systems testing and approval post-implementation
• Ensure readiness for settlements, invoicing, and data exchange

Phase 5 – Credit, Collateral & Financial Infrastructure

ERCOT Credit & Collateral

• Prepare and submit ERCOT credit application (supported by business plan)
• Extract from business model: expected load, settlement exposure, and counterparty risk
• Post required financial security
• Complete ERCOT creditworthiness review
• Support ERCOT retail training and technical approvals
• External Credit Facilities
• Define and negotiate credit facility support (e.g., EDF or other counterparties)
• Evaluate use of third-party QSE services and bundled credit support
• Compare alternative credit providers
• Complete negotiation and legal contracting of credit facilities

Phase 6 – Training, Readiness & Market Launch

• Complete ERCOT retail and operational training
• Ensure compliance with:
• Retail market rules
• Texas transaction timelines
• Settlement and invoicing procedures
• Finalize go-live readiness for REP and QSE operations

Phase 7 – Expansion & Future State Planning

• Assess licensing and regulatory requirements in additional states (as needed)
• Develop roadmap for geographic and load expansion
• Support long-term optimization of risk, credit, and operational structure

Requirements

Education

• Bachelor’s degree in Engineering, Economics, Finance, Business, or a related field required
• Master’s degree (MBA, MS Engineering, Energy Economics, or similar) a plus

Professional Experience

• 5+ years of experience in TX competitive power markets.
• Demonstrated experience with Retail Electric Provider (REP), QSE operations, regulatory approvals, industrial or large commercial load, end-to-end market readiness.
• ERCOT & Regulatory Expertise
• Commercial, Financial & Risk Skills
• Systems & Operational Capabilities
• Leadership & Project Management
• Experience with battery storage, flexible load, or asset-backed retail structures is a plus.

Benefits

Standard company benefits including health and dental insurace, unlimted PTO, partially matched 401(k) plan, annual bonus and employee stock options.