Senior Economist (Competition)

Ofgem; Glasgow; On-site; GBP 50,000 - 70,000; Full time

Job summary

Ofgem, Great Britain's independent energy regulator, is seeking a Senior Economist specializing in competition economics. This role offers a unique opportunity to lead strategic analysis, influence regulatory policy, and drive impactful strategies for a sustainable energy system, contributing to the agency's mission of achieving net zero by 2050.

Benefits

Hybrid working

30 days annual leave after 2 years

Comprehensive benefits package

Training and development opportunities

Qualifications

• Experience in economic analysis of markets or quantitative economics.
• Strong track record in managing economic analysis and influencing outcomes.
• Ability to communicate complex analysis to diverse audiences.

Responsibilities

• Conduct robust quantitative and qualitative analysis to inform policy decisions.
• Provide drafting for briefings and internal decision documents.
• Manage and deliver economic analysis for internal and external projects.

Skills

Analytical skills

Evidence synthesis

Stakeholder engagement

Education

Background in economics

Job description

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Take on a rare opportunity to shape the future of regulatory and competition economics at the heart of Britain’s transition to a fairer, greener energy system. Ofgem is looking for a Senior Economist to join our Office of Research and Economics, using your expertise to analyse and apply competition economics to shape a fair, innovative, and sustainable energy system.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving towards Net Zero while protecting energy consumers, especially those in vulnerable circumstances.

You will have the chance to take the lead on complex projects, assess and interpret evidence to support strategic decision-making, and provide expert guidance to colleagues across Ofgem.You’ll also help shape analytical best practice and champion innovative approaches to competition analysis, making a real impact on our industry and competition within the market as a whole.

We’re looking for candidates with experience in the economic analysis of markets, particularly those who have contributed to or led economic analysis of markets. You should have a strong track record of managing and delivering robust economic analysis, interpreting complex evidence, and influencing regulatory or policy outcomes. A background in economics is expected, but your practical experience, strategic insight, and ability to drive impact will be key.

You’ll be part of a vibrant, inclusive analytical profession that supports your development and gives you the flexibility to work across a wide range of impactful projects. We offer a culture where collaboration and diverse perspectives are valued, and where you’ll have access to professional development opportunities, as well as hybrid working and a comprehensive benefits package.

We have multiple Senior Economist opportunities available across various specialisms, and this is a fantastic opportunity to lead and contribute to cross-cutting regulatory projects focusing on competition economics. You will work as part of Ofgem’s strong economic community, advising on policy interventions, supporting enforcement cases, and influencing outcomes that have a national impact.

If you would like to be considered for more than one of the vacancies, please submit a separate application for each position.

We have a critical purpose to drive strategic improvements across our regulatory and operational functions. By joining us, you’ll play a key role in delivering change that supports a fair, innovative, and decarbonised energy system, ensuring better outcomes for consumers and the industry alike.

Key Responsibilities

• Undertake robust quantitative and qualitative analysis informing sound advice on key policy decisions.
• Assess the reliability of evidence, including that gathered by more junior team members and give objective advice.
• Provide clear and concise drafting for external and internal audiences, including contributions to briefings, internal decision documents, and consultations. Ensure robust project management and quality assurance processes are in place to deliver high-quality and timely behavioural science and research outputs.
• Ensure effective project planning and timely delivery of outputs.
• Constructive working relationships established with internal and external stakeholders.
• Work collaboratively across team boundaries.

Key Outputs and Deliverables

• Application of technical expertise in competition economics to carry out market studies, competition enforcement cases and provide robust recommendations.
• Provision of expertise to individuals and projects to ensure that competition economics considerations are applied appropriately and effectively, providing guidance and support staff to consider new and innovative methods.
• Responsible for planning and managing the delivery of the economic analysis on projects or workstreams. Provide a detailed specification of the economic analysis to be undertaken and agree timetables for delivery. Monitor progress and review the work plan as the case develops; and ensure that the economic analysis is delivered on time.
• Embed economic analysis in Ofgem’s policy and decision-making processes, working effectively with other analytical and policy functions.
• Ensure that the economic analysis is delivered to a high standard. Critically assess and interpret the evidence available and the weight that can be attached to it; identify economic risks and propose mitigations for them. Present the analysis clearly and accurately both orally and in writing.
• Work in close partnership with the other technical experts to ensure a coherent work programme that supports delivery of stronger analytical best practice, standards and building of expertise.
• Represent Ofgem at external events, conferences etc to showcase Ofgem’s work in this area and help shape the debate on regulatory economics to help increase our reputation as a leader in the field.
• Contributing to other strategic and reactive work undertaken by the team as it arises.

Key Stakeholder Relationships

Internal

• Workstream, Team managers and Portfolio Managers.
• Other experts/technical specialists.
• Head of Professions

External

• Other Government Departments
• Other Regulators
• Regulator counterparts, consultants, academia, and think tanks (as appropriate).

Person specification

ESSENTIAL:

• Experience: Practical work experience in the economic analysis of markets or quantitative economics, preferably with some direct exposure to competition assessment (LEAD)
• Analytical skills: Experience of the design, development, management and timely delivery of economic analysis.
• Evidence synthesis and communication:Ability to distil complex subject matter into relevant messages for different audiences – both orally and in writing, combined with excellent drafting skills.
• Stakeholder engagement: Skilled at developing strategic relationships and working collaboratively across a range of internal and external stakeholders at all levels to shape the debate.

DESIRABLE:

• Sector knowledge: a sound understanding of the principles of economic regulation, supported by understanding of the commercial and regulatory frameworks governing the operation of electricity and gas markets.
• Managing and mentoring. Experience managing or mentoring less experienced researchers.

Qualifications

Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst

• Industries

  Utilities

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