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.

Eligo Energy, LLC

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Director of Off-Peak Power