Industry Cost Analyst

SmartestEnergy Business Limited; Greater London; On-site; GBP 52,000 - 68,000; Full time

Job summary

SmartestEnergy Business Limited is seeking an Industry Cost Analyst to join the Optimisation & Structuring Group, supporting our operational retail pricing and ensuring accurate pricing of industry non-energy costs across GB retail and generation contracts.

You will forecast and maintain industry cost data, support new pricing services, and advise on regulatory changes while collaborating with Sales, Trading, Operations, Risk, and Finance.

Qualifications

• Numerical/analytical experience with financial modelling.
• Experience modelling industry costs including network charging and policy costs.
• Understanding GB electricity market (wholesale, balancing) and energy product structures.
• Awareness of macroeconomic factors affecting industry costs (inflation, supply/demand).
• Proficiency in querying databases and strong Excel skills.

Responsibilities

• Forecast and maintain industry cost data.
• Support implementation/management of new retail pricing services.
• Provide specialist advice on industry charging to stakeholders across the business.
• Communicate industry cost developments internally and externally.

Skills

Numerical analysis

Financial modelling

GB electricity market knowledge

Macroeconomics awareness

Querying databases

Excel

Tools

Excel

SQL

Job description

The Industry Cost Analyst plays a key role within the Optimisation & Structuring Group, supporting our operational retail pricing function and ensuring the accurate pricing of industry non-energy costs across GB retail and generation contracts. Reporting to the Retail Pricing Lead, the role combines technical expertise, analytical capability, and commercial awareness to maintain accurate pricing models, support operational pricing activities, and provide specialist advice on industry charging to stakeholders across the business.

You will also be responsible for forecasting and maintaining industry cost data, supporting the implementation and ongoing management of new retail pricing services, and ensuring pricing reflects evolving regulatory and market changes. Working closely with teams including Sales, Trading, Operations, Risk, and Finance, you will contribute to new product development, communicate industry cost developments internally and externally, and help safeguard the business by ensuring pricing accuracy, regulatory compliance, and adherence to information security policies.

What skills/experience do I need to be successful?

• Numerical / analytical experience, ideally with some financial modelling experience
• Applied experience of modelling industry costs, including network charging and policy costs
• Understanding of the GB electricity market is required (wholesale, capacity, balancing markets) and an understanding of energy market product structures
• Understanding macroeconomic factors that may affect industry costs (inflation, supply/demand)
• Knowledge of querying databases and strong capability in Excel is required