Head of Future Power Markets

2 weeks ago

Belfast, United Kingdom Eirgrid Full time

**Job No: S2024029**

**Role Title: Head of Future Power Markets**

**Reports to: Director of Networks & Innovation**

**Location: Belfast (Hybrid working model)**

Applications are invited for the role of Head of Future Power Markets reporting to the Director of Networks & Innovation.

**About SONI**

SONI is responsible for the safe, secure, economic and reliable operation of the transmission system in Northern Ireland under licence from the Utility Regulator and via a joint venture is responsible for operating the all-island Single Electricity Market (SEM).

As part of a licence change, the Utility Regulator (UR) outlined its vision for two independent TSO’s on the island of Ireland, where SONI works in the best interests of NI consumers and in all-island arrangements should work as an equal partner with EirGrid. It is also required that the SONI TSO business be managerially and operationally separate from its parent company. SONI is therefore undergoing organisational change as it implements the new licence requirement.

As Transmission System Operator, SONI has responsibility for planning upgrades to the electricity grid infrastructure to facilitate more renewable energy which is key to supporting the Northern Ireland Energy Strategy and the Climate Change (NI) Act 2022 which sets a legal target of 80% renewable energy usage by 2030. To respond successfully to this transformational change and the increased complexities of operating today, SONI’s strategic ambition supports said energy policy.

The Head of Future Power Markets has a pivotal role at the centre of the business in identifying this future need and driving forward potential solutions.

**Role Profile**

As part of the SONI leadership team, the Head of Future Power Markets is a substantial leadership role and has overall responsibility for overseeing the programme of work to transform the market for electricity services.

Key areas of responsibility include:

- Evolution of Energy and Capacity Markets
- Delivering the Market Solutions
- European Market Integration
- Implementing European Network Codes
- Market Price Modelling & Analysis

The role holder will work closely with colleagues in SONI, EirGrid and the Regulatory Authorities in (both Northern Ireland and Ireland) to evolve the electricity markets to promote a secure reliable sustainable power system which maximises interconnector trading, renewable integration, and demand flexibility aligned with EU policy evolution. This evolution will include the energy market, system services, and capacity markets.

The role holder will also work with Government officials to develop future renewable incentive schemes which will promote the connection of renewables in Northern Ireland to achieve the governments targets.

Close collaboration with peers in EirGrid will be required to deliver the ‘Shaping Our Electricity Future Markets’ roadmap and the delivery of other market related initiatives and solutions for 2030 which can support 80% renewables on average as well as future evolution as the energy system transitions to a net zero electricity system. This solution will be compliant with the Northern Ireland Energy Strategy and the Climate Change (NI) Act 2022, European laws, policies, codes and regulations and the role holder will ensure the Trading and settlement codes evolve to deliver the 2030 ambition. This will involve developing the scenarios, options and optimum pathways to ensure that this ambition for the markets is realised and that demand for electricity is met, whilst at the same time ensuring that security of supply is maintained. Securing buy in from all stakeholders, including regulators in two jurisdictions will be key.

The role holder will be responsible for working with the Strategy & Regulation directorate and the rest of the business to develop SONI’s integrated GB and European Strategy and implementation programme which supports and underpins the SONI strategy. This strategy will clearly identify key focus areas and collaborations with GB and European colleagues to maximize the potential of success and the protection of the interests of NI consumers. This will include coordinating with EirGrid inputs into future network codes while managing and influencing the implementation of NI/UK/ European policies and will include representing SONI at ENTSO-E or equivalent fora.

The role holder will be responsible for leading and growing a team of market specialists to work collaboratively with the regulators and EirGrid to develop the future power markets including Future Arrangements System Service, Scheduling & Dispatch, and Strategic Market Programme and other market related programmes as they emerge during the energy transition.

The role holder will consult with and deliver such regulatory requirements as are required by the respective licences and regulations, working closely with the Office of CEO and the Strategy & Regulation directorate as necessary.

The role holde

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