Energy Analyst

About the Role:

The energy system will continue to change rapidly and fundamentally on the path to net zero in 2050. National Grid is at the heart of these changes, which poses strategic questions for us as a business and for the wider sector.  Group Strategy, Innovation and Market Analytics (SIMA) leads on answering high-level strategic questions for National Grid and working with external stakeholders to collectively answer broader questions for the whole industry.

As an analyst within the Market Analytics team, you will be part of a team that navigate future pathways for SIMA by quantifying risks and opportunities for National Grid.

The team combines the latest market intelligence, deep energy sector expertise and sophisticated modelling tools to provide insights that matter right across the business. We provide a trusted view on energy markets outlook and share insights that help the business to make informed commercial and strategic decisions.

Key Accountabilities:

• Analyse market data to draw inferences and present results in a clear and understandable format to management and key stakeholders

• Develop data dashboards and employ sophisticated analytics, machine learning, and/or statistical methods to bring data to life

• Modelling of the European power markets to support key commercial projects for NGV and other NG businesses covering mainly UK projects, investment decisions, business planning, strategic planning, and new business opportunities

• Support Group Strategy, M&A, Business Development, Corporate Affairs, Commercial Operations with ad hoc market analysis, modelling and assessments of market impacts

• Develop and improve Market Analytics’ in-house market models, ensuring they are fit for purpose. Articulate and explain market model inputs/outputs to internal and external stakeholders

• Develop structured, documented, version-controlled tools that improve the efficiency and value of the team for the business

• Contribute to the development and maintenance of European Power Market Scenarios by providing the modelling tools and insightful analysis on supply-demand balance

• Provide insight into the impacts on the customer bill of changes in the energy market – quantify the effects of different drivers, and communicate these to stakeholders

• Provide commentary and insight on the energy commodity market, notably the European and global gas markets. Contribute to formation of group long term forecasts for European gas prices

• Contribute to shaping outlooks for low carbon technologies, in particular hydrogen, for use in scenarios. Maintain an up-to-date awareness of these technologies in order to quantify and communicate any significant changes

About You:

• Fluency in Excel with additional Python, Machine learning tools and techniques, VBA or other programming skills would be useful

• Familiarity with Power BI or other data visualization / dashboard development packages

• An understanding of the makeup of customers’ energy bills is desirable

• Experience of analysis of gas market dynamics and long term trends is desirable

• Experience developing & employing market models. Previous experience with commercial production cost modelling software, such as: PLEXOS, Aurora, BID3, etc. is a plus

• Ability to translate model outputs into business insight and articulate impact on investment cases

• Self-motivated, entrepreneurial, and responsible individual

• Demonstrated inter-personal skills and ability to influence others, work collaboratively and constructively with project partners, external stakeholders, and internal teams to achieve consensus and positive outcomes

• Be intellectually curious and enjoy learning

What we can Offer:

Salary £50,000 - £60,000 dependant on experience and hiring location

Plus:

• Annual Performance Bonus (up to 10%)
• Annual salary benchmarking
• 28 days annual leave, plus 8 statutory days (plus the option to buy 5 further days)
• Generous double-match pension scheme - for every £1 you put in, we put in £2.  Max company contribution of 12%.
• Life Assurance at 10x your base salary.
• Career progression, training, development and courses
• Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role.
• Access to benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

This role offers hybrid working, working between both our offices at The Strand, London (1-3 days pw) and the rest from home.  We are also open to seeing applicants from Warwick, Warwickshire.  We can offer some flexibility in hours if required (our standard working week is 37 hours).

We can offer UK sponsorship (Tier 2 skilled worker visa) for the right person – if you have Plexos experience in power or gas markets, or market fundamentals, with Excel modelling and Python, we want to hear from you!

About Us:

National Grid plc, a FTSE 100 company, is an international utility business based in the United Kingdom and the north-eastern United States.   With over 30,000 employees, we operate the heart of the energy system, leading the way in decarbonising to enable a net zero future, investing £7 billion last year alone in the innovative technology, infrastructure and skills to realise this ambitious imperative. 

https://www.nationalgrid.com/about-us

Further Information:

• Advert Close: 25-1-24

• Interviews: w/c 5-2-24 or 12-2-24

• For more information please reach out to our Recruitment Partner directly: Philippa.templeton@nationalgrid.comhttps://www.linkedin.com/in/ptempleton/

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