About the role

Great Britain's electricity system is undergoing an ambitious, exciting, and vital transformation. Together with industry, we are creating a cleaner, greener system, one that protects the planet and serves generations to come.

The Senior Energy Market Analyst role is responsible for leading the Market Monitoring team in identifying and investigating suspicious behaviour in the Energy Balancing Markets.

You will engage with Ofgem, the ESO control room, market participants and the wider ESO business to understand market problems and test these against market rules. You will review large amounts of balancing market data and interpret licence conditions, REMIT, Grid Code and other applicable regulations to conduct detailed investigations and recommend actions. Your decisions will be used to directly support regulatory decision making, resulting in a reduction in energy costs and direct support for fuel poor energy consumers.

You'll be passionate about process improvement and Energy Markets - you'll have the organisational skills and communication skills you need to be effective at all levels of all stakeholder engagement.

This role can be based from Wokingham or Warwick, and we continue to offer hybrid working from office and home.

About us

The ESO has a key role to play in tackling climate change by transitioning GB’s electricity system to net zero. We already operate the fastest decarbonising electricity system in the world, with an ambition for zero carbon operation by 2025. And by 2035, we want to run 100% clean, green energy, all the time.

Becoming the National Energy System Operator
In Summer of 2024, the ESO will transition to becoming the National Energy System Operator, or NESO for short. Previously denoted as the Future System Operator (or FSO), the new National Energy System Operator will be the independent body responsible for planning Great Britain’s electricity and gas networks and operating the electricity system.

The ESO, including all of its existing roles, will be at the heart of the new National Energy System Operator. As NESO, we will build on our existing roles, capabilities, and ways of working significantly to create an organisation the energy system and its users’ need. Our new capabilities will enable us to look across vectors, including electricity, natural gas and hydrogen, and crucially consider the trade-offs between them.

The organisation will be set up as a public corporation with its own Board of independent directors, with complete operational independence from government, the regulator and any and all commercial interest. As the ESO are today, NESO will be licenced and regulated by Ofgem through price control agreements and obligated to identify optimal solutions to system operations and planning in the most sustainable, affordable and secure way for all.

The time to deliver is now. As part of our team, you won’t just be touching the lives of almost everyone in Great Britain – you’ll be shaping the way we use and consume energy for generations to come.

Key accountabilities

• Identify potential breaches of market rules and regulations to support regulatory decision making or propose market change.
• Use data to understand how and why actions are taken in balancing markets and where applicable deliver formal reports to OFGEM.
• Lead the market monitoring team in its understanding of market rules, regulations, and case law.
• Foster a collaborative culture within the Market Monitoring team, actively training, and supporting team members in understanding power markets and applicable regulations.
• Continuously learn and adapt to changing market structures, supporting the team in understanding wholesale, balancing and ancillary service markets and control room operations.
• Engage in continuous improvement of our suite of tools designed to extract patterns and trends from diverse datasets enabling us to better detect market events.

About you

What we do isn’t just important – it’s essential. That’s why we look to recruit experts in their field. In this case, we’re looking for someone who has:

• A Degree in a relevant field such as Economics, physics, maths, engineering, or computer science.
• A Proven track record in delivering analytical reports, working with data, and presenting complex analysis to varied audiences.
• Expertise in power markets and/or power system operations.
• An understanding of the electricity market rules and regulations in which market participants operate.
• Strong analytical capabilities with experience using tools such as Excel or Power BI to make decisions using data.
• Strong communication and presentations skills.
• The ability to read and understand market technical and commercial code documents.
• Able to work independently and as part of a team.
• Stakeholder engagement, ability to present to OFGEM as this team’s key customer or to internal and external stakeholders across the business.
• An understanding of VBA, python and/or SQL for data analysis is preferred.

What you'll get

A competitive salary between £55,000 - £65,000pa – dependent on experience and capability.

As well as your base salary, you will receive a bonus based on company performance, 26 days annual leave as standard and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.

More information

This role closes on 15/08/2024 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.

We work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.

We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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