Senior Energy Commercial Analyst

Thames Water; Reading; Hybrid; GBP 51,000 - 60,000; Full time

Job summary

A leading UK water company is seeking a Senior Energy Commercial Analyst to join their Energy & Carbon team. The role involves shaping energy risk management strategies and providing market analysis. Candidates should have extensive experience in the energy industry, strong analytical skills, and expertise in Excel and Power BI. This position offers a competitive salary, hybrid working arrangements, and various benefits including generous annual leave and a pension scheme.

Benefits

Competitive salary

Annual Leave: 26 days increasing to 30

Performance-related pay

Generous Pension Scheme

Access to health and wellbeing benefits

Qualifications

• Extensive experience in the energy industry, ideally commercial or analytical.
• Strong analytical mindset capable of handling large datasets.
• Proven ability to work under pressure and meet deadlines.

Responsibilities

• Enact power and gas hedging strategy through data-driven decisions.
• Deliver price forecasting to support budgeting and planning.
• Provide energy market analysis and updates to stakeholders.

Skills

Analytical mindset

Advanced Excel

Power BI

Numerical proficiency

Communication skills

Problem-solving

Education

Numerical-based qualification

Tools

Excel

Power BI

Bloomberg

Python

Job description

Overview

At Thames Water, we make a daily difference to over 16 million customers, delivering 2.6 billion litres of water through 32,000 km of pipes — keeping taps flowing and toilets flushing across London and the Thames Valley. We’re looking for a Senior Energy Commercial Analyst to join our Energy & Carbon team within the Commercial Energy Buying & Contracts function. This is a pivotal and high-impact role that helps shape Thames Water’s energy risk management and hedging strategy, supporting the procurement and management of energy. You’ll provide expert market insight, support our net zero ambitions, and guide senior stakeholders with robust analysis and forecasting.

Base location: Hybrid – Clearwater Court, Reading

Working hours: 36 hours, Monday to Friday

Responsibilities

• Enact Thames Water’s power and gas hedging strategy – making informed, data-driven decisions based on market fundamentals.
• Deliver price forecasting to support budgeting and long-term business planning, maintaining complex Excel and Power BI models.
• Provide regular energy market analysis and updates to executive stakeholders, translating complex data into clear business insight.
• Manage Power Purchase Agreements (PPAs) – overseeing invoicing, price validation, forecasting, and month-end processes.
• Collaborate across the business, including Finance, Energy Suppliers, and internal Energy & Carbon teams, to support energy procurement and pricing processes.
• Support broader energy and carbon initiatives, including portfolio development and net zero business cases.

What you should bring to the role

Essential:

• Numerical-based qualification or equivalent showing you have a good handle on numeracy.
• Extensive experience in the energy industry, ideally within a commercial, trading, or analytical function.
• Highly numerate with advanced Excel and Power BI.
• Strong analytical mindset, capable of handling large datasets and complex models.
• Excellent communication skills with the confidence to advise senior stakeholders.
• Proven ability to work under pressure, meet deadlines, and make clear, informed decisions.
• Self-starter with strong initiative and problem-solving skills.

Desirable:

• Power trading or energy market analysis.
• Familiarity with Bloomberg or other energy market platforms.
• Knowledge of Python or similar analytical programming tools.

What’s in it for you?

• Competitive salary from £51,000 to £60,000 per annum, depending on experience.
• Annual Leave: 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
• Performance-related pay plan directly linked to both company and individual performance measures and targets.
• Generous Pension Scheme through AON.
• Access to benefits to support health, wellbeing, and finances, including annual health MOTs, physiotherapy, counselling, Cycle to Work, shopping vouchers, and life assurance.

Find out more about our benefits and perks

About Thames Water

We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day. We aim to build a better future for all, helping customers, communities, people, and the planet to thrive.

Working at Thames Water: a unique, rewarding, and diverse place to work with meaningful career opportunities, flexible working arrangements, and excellent benefits.

We’re committed to being a great, diverse, and inclusive place to work. We welcome applications from everyone and want to ensure you feel supported throughout the recruitment process. If you need any adjustments, please let us know.

Disclaimer

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.