BRL-LGL-03 · Legal, Regulatory & Land

Lead – Regulatory Affairs & Power Markets

Exchanges & Markets Pune / Hybrid · Hybrid 10–14 years · Lead

Lead BARREL's regulatory strategy and filings for its power trading, Power Trading Exchange and Power Asset Exchange businesses. You will represent the company before CERC and SERCs and shape how new market platforms are permitted and run.

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Scope of work

Own the licensing strategy and filings for inter-state trading and for any market platform that BARREL operates.
Prepare petitions, responses and written submissions before CERC, SERCs and the Appellate Tribunal for Electricity.
Track draft regulations and file reasoned comments on market design, trading margins and exchange rules.
Advise trading desks on compliance with trading licence conditions, net worth and liquidity requirements.
Lead compliance for market coupling, bilateral, short-term and exchange transactions and their scheduling.
Review power purchase and power sale agreements, back-to-back trading contracts and payment security structures.
Advise generation and storage teams on connectivity, GNA and deviation settlement regulations.
Brief senior management on regulatory risk and opportunity each month.
Manage external regulatory counsel and expert witnesses for major proceedings.

Technical description

Electricity Act 2003, especially sections 14, 52, 61, 62, 63, 66, 79 and 86.
CERC (Procedure, Terms and Conditions for grant of Trading Licence and other related matters) Regulations and power market regulations.
CERC Power Market Regulations 2021 and the framework for power exchanges, including market coupling proposals.
CERC Connectivity and General Network Access to the inter-State Transmission System Regulations 2022.
CERC Deviation Settlement Mechanism Regulations and the Indian Electricity Grid Code 2023.
Electricity (Late Payment Surcharge and Related Matters) Rules 2022 and payment security mechanisms.
SEBI and Forward Markets jurisdiction questions around electricity derivatives and long-duration contracts.
Ancillary services, the Renewable Energy Certificate mechanism and the Carbon Credit Trading Scheme 2023.

Commercial description

Regulatory outcomes decide trading margins, platform fees and whether new products can launch at all.
Own the regulatory budget, including counsel fees and petition costs, and justify each proceeding by its value.
Work closely with traders, the exchange product team and business heads to turn regulation into products.
Measured on licences secured, favourable orders, compliance record and quality of regulatory foresight.
Build relationships with regulators, system operators and industry associations.

Skills required

Persuasive advocacy in writing and in hearings.
Command of Indian power market structure and how trades are scheduled and settled.
Reading tariff orders and regulations and translating them into commercial impact.
Drafting complex agreements for trading and market access.
Coordinating economists, engineers and lawyers on a single submission.
Clear briefings for senior management and the Board.
Managing several proceedings across forums at once.
Building a regulatory calendar and early-warning process.

Talent we look for

Intellectually rigorous and respected by regulators for fair positions.
Sees regulatory change as an opening for new products.
Composed under cross-examination and tight filing deadlines.
Builds a team that can stand in for them at any hearing.
Principled about compliance even when it costs revenue.

Qualifications

LL.B. or LL.M. with enrolment at the Bar.
Ten or more years in energy regulation with a trading licensee, power exchange, utility, regulator or energy law practice.
Appearances before CERC, SERCs or APTEL.
A qualification in economics or power markets is an advantage.

At a glance

Role code: BRL-LGL-03
Business vertical: Exchanges & Markets
Function: Legal, Regulatory & Land
Level: Lead
Experience: 10–14 years
Location: Pune / Hybrid
Work mode: Hybrid
Employment: Full-time
Openings: 1

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What BARREL offers

Industry-best package. Pay benchmarked against the leading power, infrastructure and technology employers, reviewed every year, with health cover for you and your family.
Work freedom. Own your outcomes, not your hours. Hybrid and remote work where the role allows, and the authority to decide within your scope without layers of approval.
Performance incentive & bonus. Quarterly performance incentives and an annual bonus tied to clear, measurable goals for you, your team and the company.
Project-wise stock sharing. Share in the value you build: eligible people receive a stake in the projects they deliver, under the company's equity plan.
A seat at the table. Outstanding performers can be invited to a Board committee or the Board itself. Senior roles marked “Board track” are built for it.
Learning without limits. Certifications, conferences and international technology exposure paid by BARREL, and moves across generation, storage, grid, digital and markets.

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