Energy Economist

Job Description

Join us, be part of more.

We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that's energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion, and more potential. That’s why working here is #MoreThanACareer. We do energy differently - we do it all. We make it, store it, move it, sell it, and mend it.

We have a brilliant new opportunity for an Energy Economist to join our Legal, Regulatory Affairs, Ethics & Compliance, and Secretariat Function (LRECS). Our Regulatory Affairs team provides advice regarding and seeks to influence the legal and regulatory framework of the energy sector so that Centrica businesses can work effectively within it.

In this role you will be reporting to one of our Senior Regulatory Managers and will support economic analysis, particularly around proposed investment projects in generation and demand response, contributing to the development of policy positions and communication of these to government and regulators. The role will involve explaining regulatory regimes to the business and ensuring understanding of these is reflected in, for example, financial modelling related to individual projects. You will also contribute to influencing the form of future policy and regulation through the application of robust economic analysis.

Location: The successful candidate would be employed initially at our company’s offices in Windsor, but as the Windsor office is due to close later this year, you will be moved to the company’s new offices in Reading and/or London. You will be required to work flexibly from our office locations as may be needed.

What will you do?

• Advise on impact of regulatory regimes on profitability and return on capital. This advice will be used to inform Business Units and Centrica central strategy team in compiling objectives and implementing individual projects including both investments and acquisitions.
• Support input to Centrica Home and Centrica Business teams on adoption of energy products and technologies. Modelling assumptions of different adoption rates on energy consumption and bills.
• Advise on design of regulatory funding regimes. Contributing to advice on development / shaping of regulatory funding mechanisms, with particular focus on enabling opportunities for Centrica to exploit new net zero commercial opportunities.
• Coordination with project, M&A team and legal advisors. Ensure that deadlines associated with M&A work can be met including preparation of papers for internal Centrica committees, senior leadership of business units and the Centrica Board.
• Coordinating in-house and external consultancy work to wider Centrica teams. Looking to replicate or reduce the need for external economic consultants and reduce the budget requirements for Centrica.
• Improve knowledge and skills across the team and more widely across function and Centrica. Through close working and day-to-day interactions, support colleagues to build the knowledge and understanding of the principles of regulatory economics across the legal and regulatory affairs team. Those principles can then be applied via all regulatory interactions.

Here’s what we’re looking for:

• Excellent verbal, presentation and reasoning skills.
• Excellent analytical and conceptual thinking skills.
• Ability to develop excellent working relationships at all levels of Centrica Group, and with a wide range of key external stakeholders (e.g. Ofgem, BEIS, other national regulators, energy networks, industry bodies, competitors and industry associations).
• A good understanding (and ideally track record) of applying economic analysis to policy and regulation and experience in the sector in different areas.
• An understanding of the energy sector, and/or application of economic analysis in the sector an advantage.
• Agile and proactive, ensuring timely responses to meet with necessary deadlines for project-based work.

Why should you apply?

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you.

https://www.morethanacareer.energy/centrica

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.