Regulatory Economics Specialist

2 weeks ago

London, Greater London, United Kingdom Baringa Partners Full time
Our Energy and Resources Practice

We are seeking an experienced Senior Consultant to join our team in regulatory economics. Our practice in the UK offers our global clients an unparalleled combination of energy and resources sector experience, policy and regulatory know-how, economic expertise, and commercial insight. We help our clients shape, define, and implement change in the energy and resources sector.

We advise the organisations at the heart of the energy transition, providing economic, commercial, and strategic consulting to energy and water companies, financial institutions, governments, and regulators. Our regulatory work is growing in scale and scope, and we advise leading energy and water utilities in their price control submissions and regulatory interactions. We support Government and regulators in developing and implementing new regulatory policy and frameworks.

Examples of the types of projects you can expect to work on:
  • Providing strategic advice to senior leaders in energy networks and water companies.
  • Advising Governments on new regulatory and policy mechanisms, such as for offshore electricity transmission, hydrogen, and interconnectors.
  • Explaining the pros and cons of transmission network access reform to clients, including moving to bespoke firm-access regimes to incentivise new renewables.
  • Supporting the development of Carbon Capture, Utilisation and Storage (CCUS) regulatory and commercial models.
  • Advising market bodies, governments, and market participants on the different means, and associated costs and benefits, by which to better integrate consumer energy resources into the power system, including the introduction of distribution network-level markets and distribution network tariff reform.
  • Assisting with the setting of regulated retail tariffs, and the potential implications (intended and unintended) of setting these too high or too low.
  • Supporting regulated utilities (water and energy networks) and regulators on regulatory programmes, including consultations, price controls, investigations, and wider reform.

Your Skills and Experience

You will be enthusiastic about regulatory economics and applying to a broad range of clients and projects in a fast-paced environment. You will typically have 2 – 6 years of relevant experience working in industry and/or consulting. Industry experience includes working for standalone generation or retail businesses, energy network businesses, water companies, and/or industry bodies. You will likely have some experience advising on economic regulation, for example for water, energy, or transport networks. You will have a mixture of quantitative skills (eg excel modelling) and qualitative skills (eg report writing). You have proven experience managing stakeholders. You may have policy and/or regulation experience in at least one of the following areas: wholesale markets, retail markets, transmission networks, distribution networks, water companies, or utility regulation more broadly. You have qualitative and quantitative research and analytical skills, including comfortable analysing large amounts of information to solve problems and deliver well-informed advice to our clients. You are personable and professional, with excellent communication and presentation skills, and you are comfortable explaining complex technical concepts to an non-technical audience. You are a collaborator and an effective team player. Professionals with tertiary qualifications in economics, policy, finance, engineering, or science are encouraged to apply.

What a career at Baringa Partners will give you

At Baringa Partners, we put people first. We recognise the importance of work-life balance and flexible working and provide our staff amazing benefits. Some of these benefits include:
  • Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year.
  • Flexible Working: We know that the 'ideal' work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy.
  • Corporate Responsibility Days: Our world is important to us, so all our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.
  • Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We've introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.
  • Career Progression: No one develops at the same pace. That's why we have quarterly rather than annual promotion reviews.
  • Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company's success.

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