Director of Off-Peak Power

Eligo Energy, LLC

About The Position

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

Bachelor’s degree in Engineering, Economics, Finance, Business, or a related field required
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

Nice To Haves

Master’s degree (MBA, MS Engineering, Energy Economics, or similar) a plus
Experience with battery storage, flexible load, or asset-backed retail structures is a plus.

Responsibilities

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).
Coordinate internal resources, consultants, external vendors, regulators, and financial counterparties to achieve market readiness and compliance.
Develop near-term, mid-term, and long-term business plans and forecasts suitable for investors and capital planning, ERCOT REP and QSE applications, and 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.
Establish legal entity and execute required applications and agreements for Option 2 REP.
Coordinate regulatory filings and approvals with ERCOT and the Texas PUC.
File amendment to REP certification type for Option 1 REP.
Establish and document Option 1 technical and managerial capability, including management industry experience and commodity and risk management experience.
Complete additional ERCOT testing or “flight tests” if required.
Satisfy Option 1 financial requirements and implement enhanced ERCOT reporting requirements.
Submit ERCOT QSE application and 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, including scheduling systems, telemetry and settlement interfaces, and backup control plans.
Complete operational testing and ancillary services qualification.
Secure ERCOT certification and final approval.
Select, negotiate, and contract market systems vendor and EDI provider.
Oversee implementation and integration and complete ERCOT systems testing and approval post-implementation.
Ensure readiness for settlements, invoicing, and data exchange.
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 and complete ERCOT creditworthiness review.
Support ERCOT retail training and technical approvals.
Define and negotiate credit facility support.
Evaluate use of third-party QSE services and bundled credit support.
Compare alternative credit providers and complete negotiation and legal contracting of credit facilities.
Complete ERCOT retail and operational training.
Ensure compliance with retail market rules, Texas transaction timelines, and settlement and invoicing procedures.
Finalize go-live readiness for REP and QSE operations.
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.