Economic Analyst

Northern Powergrid; Newcastle upon Tyne; On-site; GBP 35,000 - 45,000; Full time

Benefits offered by this job

Double matched pension scheme

25 days holiday plus bank holidays

15% Annual Bonus

Paid volunteering day

Eye Care and Safety vouchers

Loyal Service Awards

Job summary

A leading energy company in Newcastle upon Tyne seeks an Economist to analyze data and inform policy within the energy sector. Responsibilities include developing quantitative assessments, economic modelling, and supporting strategic decision-making. Applicants should have a degree in Economics, Mathematics, or a related field, and possess strong analytical and interpersonal skills. A competitive salary between £35,000 and £45,000 is offered along with additional benefits such as a double matched pension scheme and annual bonus.

Qualifications

• Experience in economic regulation and price reviews.
• Understanding of UK economic frameworks in the energy sector.
• Ability to communicate complex concepts clearly.

Responsibilities

• Develop methodologies for economic assessments.
• Support Economists in defining policy priorities.
• Conduct economic modelling and research analysis.

Skills

Interpersonal skills

Data analysis

Critical thinking

Economic modelling

Education

Degree in Economics, Mathematics or related subjects

Job description

Directorate: Economics, Performance & Planning

Do you want to help power your career and be part of an evolving energy industry?

The energy industry is advancing with investment in smart technology innovation and Northern Powergrid, as the company responsible for powering everyday life for 8 million customers across 3.9 million homes and businesses in the Northeast, Yorkshire and northern Lincolnshire, is at the forefront of delivering a power network that meets the region’s needs, now and in the future.

Our vision is to be the best energy company in serving our 3.9 million homes, whilst delivering a sustainable energy solution. In this role you will be responsible for interpreting data, performing economic research, and analysing trends to help inform business decisions or policy recommendations within the energy sector.

Along with a competitive salary up between £35,000 up to £45,000 we also offer great benefits such as;

• Enrolment into our double matched pension scheme
• 25 days holiday plus bank holidays (rising with service)
• 15% Annual Bonus
• Excellent opportunities for career growth
• One paid volunteering day each year to support a local community, environmental or social initiative during work time
• Eye Care and Safety vouchers
• Loyal Service Awards

Key Responsibilities

The successful candidate will:

• Develop and maintain the company 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 the wider team, in identifying and defining our policy priorities and relevant supporting analysis.
• Undertaking economic modelling analysis.
• Undertaking research and evidence gathering.
• Manage the sourcing, organising and processing of cost and market data to carry out specific analysis across our regulated and unregulated markets.
• Monitor and report on the state / health of the sector, based on financial / sectoral data trend analysis. Interacting with economists/strategists across internal and external teams to maintain a joined-up view of regulated and unregulated energy markets.
• Great interpersonal skills, having the ability to forge strong relationships with key internal and external stakeholders.
• Experience of collecting data and performing preliminary analysis.
• Experience of analysing economic scenarios, evaluating policies and providing insights.
• The ability to proactively prioritise, plan and deliver complex subject matters that require critical risk and opportunity assessment.
• A passion and ability for the practical application of energy economics.

Qualifications and Attributes

• Qualified to degree level (or equivalent) in Economics, Mathematics, or related subjects.
• Experience of managing solutions that involve complex problem solving and/or critical thinking in the context of economic regulation and/or price reviews.
• Understanding of UK economic regulation, price reviews and regulatory frameworks in the energy sector.
• The ability to clearly and concisely communicate complex concepts/subject matter – both orally and in writing – to influence key decision-makers.
• Experience of preparing or evaluating business plans of regulated companies, including in relation to cost allowances, performance targets, incentives and/or regulatory finance issues.
• Experience in dealing with complex economics projects/analytical models in consulting, industry, or government.
• Previous experience working with or alongside a Distribution Network Operator.

Applicants are considered on the basis of their suitability for the post irrespective of sex, marital status, sexual orientation, gender re‑assignment, race, age or disability, in accordance with the Equality Act 2010.