Energy Market Analyst

We're looking for a passionate Energy Market Analyst to join our Strategy and Regulation Team! As an Energy Market Analyst within the Market Analytics team, you will be part of a team that navigates future pathways for Group Strategy, Innovation and Market Analytics (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.

You will be part of a team that focuses on supporting National Grid Ventures (NGV), offering analysis on Interconnectors and Offshore Hybrid Assets, both for existing projects and future business development activities.

This role can be based out of our Strand (London) or Warwick office, and we'd hope to see you at least two days per week but you're welcome to be in the office more often if that would work best for you. We're happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!

• Contribute to Market Analytics long-term scenarios by providing research and modelling of the GB & European power markets and technologies.
• Conduct modelling of the GB and European power markets (using Plexos) to support commercial projects, investment decisions, strategic planning, risk assessments, and identification of new business opportunities.
• Provide cost-benefit analysis (CBA) of projects in line with ENTSOE and Ofgem's methodologies to assist NGV in their decision-making for new interconnectors and offshore hybrid assets projects.
• Continuously improve Market Analytics' internal models, tools, methodologies and assumptions and assess the impact of major news or market developments.
• Work collaboratively with NGV teams to define, deliver and present quantitative analyses, aiding in the development of new projects.
• Build and maintain relationships by coordinating with internal and external stakeholders, which may involve conducting joint analyses with external partners or third parties.
• Provide support to the Group Strategy, NGV, and Corporate Affairs (media stories) teams through ad-hoc market analysis, modelling, and assessments.
• Analyse EU and GB policies and market frameworks for offshore hybrid assets, interconnectors and offshore wind deployment.

• A Bachelor's Degree.
• Self-motivated, interested in the energy sector and decarbonisation challenges, responsible individual.
• Understanding of the energy markets and ideally GB and EU power sector fundamentals and the electricity industry landscape.
• Strong quantitative, analytical, and modelling skills.
• Experience (or education) with Excel, Python, VBA or other programming skills; familiarity with Power BI or other data visualisation/dashboard development packages is a plus.
• Experience (or education) developing or employing energy 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 insights and explain their impact.
• Demonstrated inter-personal skills and ability to work collaboratively with internal teams, project partners, and external stakeholders to achieve consensus and positive outcomes.

Base Salary of £48,000 - £58,000 dependent on experience.

Plus:

• Annual Bonus (based on personal and company performance) and annual salary review.
• Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%.
• 26 days holiday (plus the opportunity to buy more each year).
• Life Insurance at 10 x your basic salary.
• 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.
• Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
• Access to apps which support health, fitness and wellbeing.
• Career development, ongoing training and support, career progression and plenty of opportunity to progress!

This is a hybrid working role from our Strand (London) or Warwick office with circa 2 days per week in the office. The closing date for this vacancy is Midnight 31 Mar 25, with interviews due to take place w/c 7 April 25 onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid's recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.

Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.