Transport & Storage Negotiator

4 weeks ago

London, United Kingdom Department for Business, Energy & Industrial Strategy Full time

**Details**:
**Reference number**:

- 270741**Salary**:

- £61,580 - £73,440- National: £61,580 - £70,890 / London: £65,995 - £73,440**Job grade**:

- Grade 6**Contract type**:

- Permanent**Business area**:

- BEIS - Energy & Security - Energy & Security - Carbon Capture Usage and Storage**Type of role**:

- Commercial**Working pattern**:

- Flexible working, Full-time, Job share, Part-time**Number of jobs available**:

- 2Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- Aberdeen, Birmingham, Cardiff, Darlington, Edinburgh, London, SalfordAbout the job

**Job summary**:
**Our Mission**

At BEIS, we are leading the UK’s recovery from coronavirus and are building a stronger, greener country. Our varied work makes a real difference to people across the UK and internationally. This is a fantastic opportunity to become part of the BEIS team and our exciting mission

We lead on the UK’s commitments to tackle climate change and drive green economic growth. We support businesses to create jobs and increase opportunity in regions across the UK. We also encourage investment and innovation to make the UK a science superpower producing research that will improve lives.

**Our Inclusive Environment**

We are building an inclusive culture to make BEIS a brilliant place to work where our people feel valued, have a voice and can be their authentic selves. We value difference and diversity, not only because we believe it is the right thing to do, but because it will help us be more innovative and make better decisions.

We offer first-class flexible working benefits, excellent employee well-being support and a great pension. We are fortunate to have a range of excellent staff networks and are proud to be a Disability Confident Leader employer. We will support talented people from all backgrounds to build a career and thrive.

**Job description**:

- Would you like to help deliver critical policies for addressing climate change? In 2019, the UK became the first major economy in the world to legislate to have “net zero” carbon emissions by 2050, meaning we will no longer be a net emitter of greenhouse gases which contribute to climate change.
- Carbon Capture Usage and Storage (CCUS) is a part of this ambition. As a result, this is an exciting time to join the CCUS team as we look to deliver the commitments set out in the Prime Minister’s 10 Point Plan for a Green Industrial Revolution and the government’s Net Zero Strategy.
- We will shortly enter a period of complex multi-dimensional negotiations that are likely to have far reaching impacts on the success of CCUS across the UK and have several roles available to join across our growing negotiation teams.
**Person specification**:

- You’ll be a major part of the negotiating team for the economic licence for CO₂ Transport and Storage (T&S) networks. Our proposed business model for CO₂ T&S, the TRI (T&S Regulatory Investment) Model, is based on an economic regulation funding model. This reflects the monopolistic characteristics of T&S networks, similar to other regulated utilities, and builds on the UK’s strong track record of independent economic regulation that has delivered significant benefits in the utilities sectors.
- The objectives for the design of the TRI model are:
- attracting stable investment in the T&S network by providing investors with a clear long-term revenue model;
- enabling low cost decarbonisation in multiple sectors, and;
- providing sufficient flexibility for future market expansion.

Our approach to design of the TRI model is informed by the Principles of Economic Regulation which set a framework for delivering clarity about the role of government and regulators. At the core of these principles is the importance of stable, predictable and independent regulatory frameworks to provide vital consumer protections and to facilitate efficient investment and sustainable growth.**Skills and Experience**

Responsibilities are likely to include (but not limited to)- Establishing the appropriate cost of capital (and hence the allowed return to the T&S companies)
- Developing the Revenue Support Agreement, the mechanism to mitigate against revenue risk for the CO₂ transport and storage operator
- Establishing certain terms of the Regulated Asset Value e.g., determining appropriate capex/opex qualifying costs
- Designing and negotiating appropriate incentives
- Financial modelling support associated with the design of the economic licence
- Developing approach to establishing and then agreeing the asset transfer value for repurposed oil and gas assets for use in CO₂ transport and storage networks

**Behaviours**:
We'll assess you against these behaviours during the selection process:

- Seeing the Big Picture
- Leadership
- Delivering at Pace
- Working Together

**Benefits**:

- BEIS offers a competitive mix of benefits including:

- A culture of flexible working, such as job sharing, homeworking

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