Economic Insights Specialist

1 week ago

Leeds, Leeds, United Kingdom Northern Powergrid Full time
Job Description

Role Summary

Northern Powergrid is seeking a highly skilled Economic Analyst to join our team. As an Economic Analyst, you will play a key role in interpreting data, performing economic research, and analyzing trends to inform business decisions and policy recommendations within the energy sector.

Key Responsibilities

  • Develop and Maintain Economic Models

Develop and maintain the company's methodologies for carrying out quantitative and economic assessments of the energy sector, to support internal regulatory and policy decision making and external engagement.

Support Economists and Policy Development

Support Economists, and the wider team, in identifying and defining our policy priorities and relevant supporting analysis.

Economic Modelling and Analysis

Undertake economic modelling analysis, including the development and maintenance of economic models to support business decisions and policy recommendations.

Research and Evidence Gathering

Undertake research and evidence gathering to support economic analysis and policy recommendations.

Data Management and Analysis

Manage the sourcing, organizing, and processing of cost and market data to carry out specific analysis across our regulated and unregulated markets.

Market Analysis and Reporting

Monitor and report on the state/health of the sector, based on financial/sectoral data trend analysis.

Stakeholder Engagement

Interact with economists/strategists across internal and external teams to maintain a joined-up view of regulated and unregulated energy markets.

Key Competencies

  • Interpersonal Skills

Great interpersonal skills, having the ability to forge strong relationships with key internal and external stakeholders.

Data Analysis and Interpretation

Experience of collecting data and performing preliminary analysis.

Economic Analysis and Modelling

Experience of analyzing economic scenarios, evaluating policies, and providing insights.

Problem-Solving and Critical Thinking

The ability to proactively prioritize, plan, and deliver complex subject matters that require critical risk and opportunity assessment.

Energy Economics

A passion and ability for the practical application of energy economics.

Qualifications and Attributes

  • Education and Qualifications

Qualified to degree level (or equivalent) in Economics, Mathematics, or related subjects.

Experience and Skills

Experience of managing solutions that involve complex problem-solving and/or critical thinking in the context of economic regulation and/or price reviews.

Regulatory Knowledge

Understanding of UK economic regulation, price reviews, and regulatory frameworks in the energy sector.

Communication and Interpersonal Skills

The ability to clearly and concisely communicate complex concepts/subject matter – both orally and in writing – to influence key decision-makers.

Business Planning and Analysis

Experience of preparing or evaluating business plans of regulated companies, including in relation to cost allowances, performance targets, incentives, and/or regulatory finance issues.

Complex Economics Projects

Experience in dealing with complex economics projects/analytical models in consulting, industry, or government.

Distribution Network Operator Experience

Previous experience working with or alongside a Distribution Network Operator.

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