Senior Economist

5 days ago

Glasgow, Glasgow City, United Kingdom Ofgem Full time
About the Role

We are seeking a highly skilled Senior Economist to join our Heat Networks team at Ofgem. As a Senior Economist, you will play a key role in shaping and implementing the future regulatory regime for heat networks.

Key Responsibilities
  • Lead the development of our approach to price regulation, including the overall framework and requirements for heat networks.
  • Collaborate closely with experts across Ofgem on price regulation.
  • Gather and analyse data on costs across the sector to inform the approach to benchmarking.
  • Develop the model for identifying and comparing costs and where required, support others to use this model.
  • Develop the framework to identify and quantify consumer detriment in relation to pricing.
  • Use benchmarking model to identify examples of disproportionate pricing and how we can address them.
  • Ability to respond to changing priorities and evolving government policy when necessary.
  • Be able to rapidly reflect and incorporate those changes in developing implementation options and assess evolving risks.
  • Analytical skills to consider the pros and cons of various policy and implementation options, the ability to work with uncertainty and select the preferred solutions to meet Ofgem's and stakeholders' needs.
  • Draft clear and concise documents.
  • Provide recommendations to the team and Ofgem senior management on key elements of the authorisation and licencing process.
  • Enable senior decision makers to reach an informed position on a proposed options.
Essential Criteria
  • Lead: Ability to bring together and analyse a diverse evidence base and develop the best implementation solutions from this.
  • Lead: Demonstrable experience of cost modelling relevant to a regulated sector.
  • Demonstrated ability to build collaborative working relationships with a diverse network of colleagues and stakeholders that can assist the development of deliverable policies and processes.
  • Excellent organisational and prioritisation skills. Ability to manage your workload, direct the workload of others, and deliver multi stranded packages of work with high quality outputs to agreed standards and timelines.
  • Excellent written and verbal communication skills that effectively communicate complex issues to non-expert audiences.
Desirable Criteria
  • Energy sector experience or experience of price regulation in a regulated sector.
  • Experience task managing junior members of staff on a formal informal basis.
Behaviours
  • Seeing the Big Picture.
  • Making Effective Decisions.
  • Communicating and Influencing.
  • Delivering at Pace.

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