**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