Wholesale Analyst

Ofgem ECO Reporting Working Group; Glasgow; Hybrid; GBP 35,000 - 45,000; Full time

Job summary

Join a leading energy regulator as a Wholesale Analyst, where you'll support critical analysis in the wholesale gas and electricity markets. This full-time role offers the chance to influence senior decision-making and contribute to the UK's energy transition. You'll work in a collaborative environment, utilizing your analytical skills to deliver insights and support regulatory decisions. Ideal candidates will have strong analytical abilities, stakeholder management experience, and proficiency in data handling tools like Excel, PowerBI, SQL, and Python.

Benefits

Flexible working hours

Hybrid working

Comprehensive benefits package

30 days annual leave after 2 years

Training and development opportunities

Civil Service pension

Qualifications

• Experience providing concise briefings on complex topics.
• Excellent analytical and quantitative skills.

Responsibilities

• Constructing and delivering briefings on wholesale market aspects.
• Carrying out detailed analysis to inform stakeholders.
• Ensuring data accuracy for analysis.

Skills

Analytical Skills

Communication

Stakeholder Management

Data Interpretation

Excel

Tools

PowerBI

SQL

Python

Job description

Join to apply for the Wholesale Analyst role at Ofgem

Join to apply for the Wholesale Analyst role at Ofgem

Get AI-powered advice on this job and more exclusive features.

Be part of the fight for fair, transparent energy markets. Ofgem is looking for a Wholesale Analyst to join us and support critical analysis that keeps us at the forefront of wholesale gas and electricity market intelligence.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers – especially vulnerable people.

We’re offering a full-time, permanent position with the opportunity to shape the way we monitor and understand the energy wholesale markets. This is a high-impact role where your insights will feed directly into senior decision-making during a time of rapid industry transformation. You’ll work in a fast-paced, collaborative environment, using your analytical skills to inform policy development and responses to market events.

This is a unique opportunity to take a lead role in identifying trends, interpreting key market data and delivering trusted, real-time intelligence. You’ll contribute to our emergency preparedness and support wider teams with analysis that informs key regulatory decisions across the organisation.

We’re looking for someone with excellent analytical skills (interpreting both qualitative and quantitative data), sound judgement, and a talent for translating complex data into clear, concise briefings. You’ll need to be confident managing multiple stakeholders, working independently, and communicating effectively with a wide range of internal and external partners. You will have good excel skills, and it is desirable that you will have (or develop) the ability to handle large data using PowerBI, SQL and Python.

At Ofgem, you’ll be part of an inclusive, forward-thinking team that values curiosity, precision, and collaboration. We support flexible and hybrid working, offer a competitive benefits package, and provide an environment where your work directly supports public value and the UK’s energy transition.

We have a critical purpose to deliver wholesale market insights that drive better outcomes for consumers and enable a secure, low-carbon energy system. In this role, your analysis will inform strategic thinking on market functioning, price trends, and supply and demand dynamics—supporting our mission to deliver a greener, more resilient energy system.

Key Responsibilities

• Constructing and delivering regular and adhoc briefings and updates regarding various aspects of the wholesale market, including price drivers and supply/demand fundamentals. Identifying the key information that matters stakeholders.
• Carrying out detailed analysis into areas of focus within the wholesale market to inform both internal and external colleagues.
• Ensuring that the data used for analysis is complete and accurate.
• Advising and assisting other Ofgem teams with sourcing and working with appropriate wholesale data for analysis.
• Seeking and implementing improvements in existing processes.

Key Outputs and Deliverables

• Briefings and updates on key market developments, including for senior level internal and external stakeholders.
• Analysis of market data including commodity prices, gas and power fundamentals and wholesale trade data to provide market insights and identify issues.
• Collection and validation of key datasets.
• Contributing to the team’s processes and response around security of supply emergency preparedness. This involves responding to live events with robust analysis.

Key Stakeholder Relationships

Internal

• Wholesale Market Oversight and International portfolio, including Deputy Director and teams running investigations.
• Wholesale policy teams such as Energy Security of Supply and Domestic Markets teams.
• Retail teams, including price cap policy and financial resilience.
• Communications team (regarding external messaging around wholesale market developments and affected policy).

External

• National Gas Transmission and NESO
• Energy brokers and exchanges
• Government departments such as DESNZ and HMT
• Electricity generators, gas shippers and wholesale market participants

Person specification

ESSENTIAL

• Experience with providing concise in-person and written briefings on complex topics (Lead criteria).
• Excellent analytical and quantitative skills. Experience in analysing quantitative and qualitative information to support conclusions. Good ability to handle data in Microsoft excel (Lead criteria).
• Experience with managing multiple stakeholders.
• Demonstrated ability to take initiative, think creatively and work independently.
• Ability to meet challenging deadlines and managing multiple priorities.

DESIRABLE

• Experience with writing Python code to clean and analyse data.
• Knowledge of the wholesale gas and electricity markets in Great Britain.

Behaviours

We'll assess you against these behaviours during the selection process:

• Communicating and Influencing
• Changing and Improving
• Making Effective Decisions

Technical skills

We'll assess you against these technical skills during the selection process:

• Please refer to the Candidate Pack and Role Profile attached for full details.

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

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst

• Industries

  Utilities

Referrals increase your chances of interviewing at Ofgem by 2x

Sign in to set job alerts for “Research Analyst” roles.

Interim Senior Business Analyst (18 months)

Glasgow, Scotland, United Kingdom 6 days ago

Glasgow, Scotland, United Kingdom 2 weeks ago

Glasgow, Scotland, United Kingdom 1 week ago

Glasgow, Scotland, United Kingdom 2 weeks ago

Integrated Financial Crime (IFC) Transaction Monitoring Senior Business Analyst

Glasgow, Scotland, United Kingdom 3 days ago

Financial Controls & Compliance Analyst, IBA

Glasgow, Scotland, United Kingdom 2 weeks ago

Interim Senior Analyst, Revenue Accounting (Initially 12months FTC)

Glasgow, Scotland, United Kingdom 1 week ago

Graduate Research Assistant - Data Analyst: Migration

Law, Scotland, United Kingdom 2 months ago

Graduate Research Assistant - Data Analyst: Migration

Law, Scotland, United Kingdom 2 months ago

Glasgow City, Scotland, United Kingdom 3 weeks ago

Glasgow City, Scotland, United Kingdom 3 weeks ago

Senior Analyst (Long Duration Electricity Storage)

Glasgow, Scotland, United Kingdom 2 weeks ago

Financial Professionals - Analyst/Associate

Glasgow, Scotland, United Kingdom 3 weeks ago

Business Analyst - Privacy (Non-Financial Risk)

Glasgow, Scotland, United Kingdom 1 week ago

Senior Analyst (Long Duration Electricity Storage)

Glasgow, Scotland, United Kingdom 1 week ago

Investment Operations Analyst - Fixed Term Contract

Glasgow, Scotland, United Kingdom 5 days ago

Senior Analyst - Application & Process Services

Glasgow, Scotland, United Kingdom 1 week ago

Glasgow, Scotland, United Kingdom 2 months ago

Financial Professionals - Analyst/Associate

Glasgow City, Scotland, United Kingdom 2 weeks ago

Glasgow, Scotland, United Kingdom 1 month ago

Senior Credit Analyst - Special projects

Glasgow, Scotland, United Kingdom 2 weeks ago

Glasgow, Scotland, United Kingdom 1 month ago

Finance Operations and Shared Service Analyst

Glasgow, Scotland, United Kingdom 3 days ago

Glasgow, Scotland, United Kingdom 6 days ago

Glasgow, Scotland, United Kingdom 3 days ago

Glasgow, Scotland, United Kingdom 6 days ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.