Senior Economist (Infrastructure and Price Controls)

Ofgem ECO Reporting Working Group; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Ofgem is seeking a Senior Economist to shape infrastructure regulation and price controls. This role involves analytical work and collaboration across teams, focusing on emerging technologies and government policy. Ideal candidates have significant experience in economic analysis within regulatory environments.

Benefits

30 days annual leave after 2 years

Professional development opportunities

Hybrid working options

Civil Service pension plan

Qualifications

• Extensive experience in economic analysis, especially in regulation.
• Experience in infrastructure policy or economic modelling is highly desirable.
• Proven track record of working flexibly across diverse teams.

Responsibilities

• Lead on price controls and contribute to development of impact assessments.
• Design analytical frameworks to assess new roles in infrastructure regulation.
• Cooperate with internal and external partners on analytical work.

Skills

Economic analysis

Communication skills

Stakeholder engagement

Education

Degree in Economics

Job description

Senior Economist (Infrastructure and Price Controls)

Join to apply for the Senior Economist (Infrastructure and Price Controls) role at Ofgem

Senior Economist (Infrastructure and Price Controls)

Join to apply for the Senior Economist (Infrastructure and Price Controls) role at Ofgem

Take on a rare opportunity to help shape the future of infrastructure regulation and price controls at the heart of Britain’s transition to a fairer, greener energy system. Ofgem is looking for a Senior Economist to join a newly created function that provides flexible resource to priority infrastructure and price control projects.

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.

This is a fantastic opportunity to join a newly formed team working flexibly across major infrastructure policy areas. You’ll lead work on price controls and contribute to the development of impact assessments, whilst collaborating with cross-functional, internal and external teams. You will have the chance to shape new analytical approaches in response to emerging technologies and evolving government policy.

You will take ownership of analytical work packages across major projects, supporting policy development, enhancing decision-making and ensuring that economic analysis is embedded across Ofgem.

We’re looking for individuals with extensive experience in economic analysis, particularly in regulatory or price control environments. Experience in infrastructure policy, energy regulation, or economic modelling is highly desirable. You should also bring excellent communication skills, strong stakeholder engagement abilities and a proven track record of working flexibly across diverse teams and subject areas.

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 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.

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

Key Responsibilities

Reporting to either the Head of Economic Analysis or one of Ofgem’s Principal Economists, the candidate will contribute to a programme of work designed to:

• Support and collaborate with policy teams in producing robust and high-quality analysis to enable good decision-making.
• Working with team and policy leads, design new analytical frameworks to assess Ofgem’s new roles in infrastructure regulation, including the regulation of new technologies, and changes resulting from the development of Clean Power 2030.
• Prepare impact assessments and economic analysis of Ofgem’s infrastructure regulation.
• Cooperate with work managers across Ofgem and in some cases with partners (e.g. DESNZ, NESO) to provide assurance on the quality of analytical work on major projects.

Key Outputs and Deliverables (Specific to the role)

• Delivery of analytical work packages producing analysis and impact assessments for infrastructure projects, including Ofgem’s RIIO price controls
• Development of effective relationships with team members and infrastructure policy leads and team members, to ensure effective work
• Where appropriate, representing Ofgem effectively and enthusiastically with external stakeholders.

Professional Development Lead (PDL) – (Generic)

For those with the additional responsibility of Personal Development Lead, the remit will include but not be limited to:

• Mentors and coaches staff on personal and professional development in line with the professional standards and behavioural framework for their profession.
• Undertakes their PDL responsibilities in line with Ofgem’s Diversity and Inclusion commitments, championing inclusivity in their approach
• Advises staff on deployment opportunities as needed.
• Supporting deployment choices, as part of flexible resourcing.

Person specification

• Degree in Economics/related subject or comparable capability built through relevant professional experience in economic analysis. (Lead criteria)
• Extensive experience of working on comparable economic issues, either working in the energy sector, or in relevant areas of economic regulation such as price controls. (Lead criteria)
• Experience and expertise in regulatory policy analysis, particularly either price controls or regulatory design.
• Excellent interpersonal and team working skills including building strong relationships both internal and external to the team.
• Proven ability to work flexibly in different roles across a range of different analytical projects.
• The ability to effectively communicate and synthesise analysis and data for senior decision-makers and external audiences, both verbally and in writing.

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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