Pricing Analyst

Reference Number - 78611

This Pricing Analyst will report to the the Senior Pricing Analyst and will work within the Commercial Services directorate based in our Crawley office. You will be a permanent employee.

You will attract a salary of £37,781.00 and a bonus of 7.5%. This role can also offer blended working after probationary period (6 months) - 3 days in the office and 2 remote

Close Date: 22/03/2024

We also provide the following additional benefits

• Annual Leave
• Personal Pension Plan - Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)
• Tenancy Loan Deposit scheme
• Tax efficient benefits: cycle to work scheme
• Season ticket loan
• Occupational Health support
• Switched On - scheme providing discount on hundreds of retailers products.
• Discounted access to sports and social clubs
• Employee Assistance Programme.

UK Power Networks

We are the UK's biggest electricity distributor delivering power to over 8.3 million homes and businesses across London, the East and South East of England. We keep the lights on across 29,250 square kilometres, serving 19 million people from Cromer in the east to Brighton on the South Coast.

An opportunity has become available to join our Pricing Team based in our offices local to Three Bridges Rail Station in Crawley.

Job:

The role of Pricing Analyst provides analysis and cost modelling to support the calculation of use of system, metering and miscellaneous pricing, and line loss factors to meet both business and regulatory needs.

You will work in a range of different areas including the development and population of cost and network models, implementation of methodology changes, setting and maintaining tariffs, and publication of associated statements covering the allocation and recovery of over £2bn of revenue from 8.3 million customers. You will liaise with important partners and ensure compliance with our Licence Conditions, DCUSA and the BSC.

The main tasks for you will involve work in the following :

• Analyze technical data to forecast pricing and losses model inputs
• Population and maintenance of pricing models and charging statements, with attention to detail important for ensuring accurate information is published
• Calculation of marginal costs and network use factors using powerflow modelling software, scripts and other database tools
• Forecast and cost modelling for future energy scenarios, including smart metering and decentralised embedded generation
• Provide analytical support to the annual update and provision of line loss factors
• Keep up to date with developments in charging methodologies and understanding the impact of any changes to UK Power Networks, customers and suppliers
• Maintain appropriate operating procedures and user guides so that robust business process can be preserved
• Maintain tariff data in billing systems, supporting the billing team with query resolution including direct discussions with customer and/or suppliers on pricing matters
• Work collaboratively within the Income Pricing team to plan and accomplish the team's responsibilities over the year

You will need the following or equivalent qualifications:

• Educated to degree level in an appropriate quantitative discipline (mathematics, economics or electrical engineering)
• Numerate and proficient in excel (can maintain complex spreadsheets) and Access, including VBA, with experience of other Microsoft Office applications
• Excellent presentational skills
• Experience working in a team environment to deliver successful outcomes
• Technical skills in manipulation, extraction and analysis of large data sets
• Experience in either; the energy industry and regulatory environment, or power-flow modelling
• Awareness of contractual requirements and consequences together with experience of commercial interactions

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

Employees will ensure they understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.

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We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.