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For Companies At a Glance
- Tasks: Lead regulatory strategies and manage risks for ScottishPower's renewable energy initiatives.
- Company: ScottishPower is a leading utility company focused on renewable energy and sustainability.
- Benefits: Enjoy flexible working, 36 days annual leave, and a competitive salary with bonuses.
- Why this job: Join a dynamic team influencing energy policy and driving change towards Net Zero.
- Qualifications: Expertise in regulatory frameworks and strong communication skills are essential.
- Other info: This role offers significant autonomy and the chance to impact energy regulation.
The predicted salary is between 76400 - 99120 £ per year.
Head of Regulatory Economics
Location: Tudor Street, London. EC4Y 0AH
Salary: from £76,400 with up to 30% Annual Bonus, Family Healthcare and Car Allowance
Type: Permanent
Working Arrangements: Flexible/Hybrid
Purpose
As Head of Regulatory Economics, you will take a lead role in the development and implementation of proactive and reactive internal and external influencing strategies to lead and/or shape change and to support ScottishPower Group objectives, including guiding ScottishPower Renewables in its goals relating to electricity market development and operation, network charging, additional revenue streams relating to services, supporting ScottishPower Energy Retail in its goals relating to retail price controls and consumer protection regulation, and supporting the Hydrogen business in delivering its business case.
Key to this role is to successfully identify, evaluate and manage current and future risks and opportunities presented by the regulatory environment to minimize financial exposure and ensure that Renewables and Energy Retail and other ScottishPower businesses can achieve their strategic objectives.
This role entails the creation of enduring external relationships and the maintenance of a broad internal communication network to ensure that they can take a proactive and lead role in developing ScottishPower internal policy positions and external influencing strategies in key areas of economic regulation.
Responsibilities
You will take on specific responsibilities within the team to support the Director of Regulatory Policy, ensuring that the team is resilient to the evolving needs of the ScottishPower Group and the market. These activities will involve acting as deputy for the Director of Regulatory Policy on cross-team and cross-business issues, including engaging with senior management in ScottishPower at CEO and Director level, as well as externally with Ofgem, Government, and other third parties at a senior level.
Within the Corporate Regulation team, this will include reporting activities to ensure we meet our obligations and react to and mitigate risk appropriately. You will also support the Director of Regulatory Policy in developing a robust and resilient skillset within the team to support a more agile approach to our regulatory activity.
Providing expert thought leadership to the wider regulation community in ScottishPower, you will be required to:
- Influence regulatory policy to benefit ScottishPower and consumers alike
- Ensure that businesses take account of regulatory issues in producing their plans
- Improve the credibility of ScottishPower with regulatory and Government stakeholders
- Support the businesses to enhance their compliance performance
Acting with a high degree of autonomy, you will support and deputize for the Director of Regulatory Policy and the Director of Public Policy in managing internal stakeholder liaison and reporting.
What you’ll bring
You must be capable of making a significant personal impact as a Regulation Specialist and thought leader. You will have knowledge of the extensive regulatory, commercial, and compliance framework supporting the operation of the gas and electricity industry.
As an exceptional communicator with strong interpersonal skills, you will have a good understanding of the needs of top management for timely and succinct briefings. Proven in negotiation, problem-solving, and risk assessment/management, you will be able to prioritize and handle multiple complex issues.
Whats in it for you
As well as a competitive salary which is reviewed annually, you can enjoy a number of other benefits, including:
- 36 days annual leave
- Share Incentive Plan and Sharesave Scheme
- Electric Vehicle Schemes
- Life Assurance (4x salary)
Why ScottishPower
ScottishPower is part of the Iberdrola Group, one of the world’s largest integrated utility companies. With a commitment to generate all of our energy from renewable resources, we’re at the forefront of the journey to Net Zero.
ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities. If you need support, please reach out to
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Head of Regulatory Economics employer: Iberdrola Energie Deutschland GmbH
Contact Detail:
Iberdrola Energie Deutschland GmbH Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Regulatory Economics
✨Tip Number 1
Familiarize yourself with the current regulatory landscape in the energy sector, especially focusing on electricity market development and network charging. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the regulatory economics field, particularly those connected to ScottishPower or similar organizations. Building relationships can provide insights into the company culture and expectations, which can be invaluable during the application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've influenced regulatory policy or managed compliance issues in previous roles. Highlighting your experience in these areas will showcase your capability to take on the responsibilities of this position.
✨Tip Number 4
Stay updated on recent developments in energy regulations and policies, especially those affecting renewable energy. Being well-informed will not only help you in interviews but also show your commitment to the industry and the role.
We think you need these skills to ace Head of Regulatory Economics
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Regulatory Economics position. Tailor your application to highlight relevant experience and skills that align with the job description.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your expertise in regulatory economics and your ability to influence policy. Use specific examples from your past experiences to demonstrate how you can contribute to ScottishPower's objectives.
Highlight Relevant Experience: In your CV, emphasize your experience in regulatory frameworks, compliance, and stakeholder engagement. Make sure to include any leadership roles or projects that showcase your ability to manage complex issues and drive strategic initiatives.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for this senior role.
How to prepare for a job interview at Iberdrola Energie Deutschland GmbH
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the current regulatory environment in the energy sector, especially regarding electricity market development and compliance. Be prepared to discuss how these regulations impact ScottishPower's strategic objectives.
✨Demonstrate Thought Leadership
Showcase your ability to influence regulatory policy and provide expert insights. Prepare examples of how you've successfully navigated complex regulatory challenges in the past and how you can apply that experience to benefit ScottishPower.
✨Highlight Communication Skills
As an exceptional communicator, be ready to demonstrate your interpersonal skills. Discuss how you’ve effectively engaged with senior management and external stakeholders, ensuring timely and succinct briefings.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving and risk management abilities. Think of specific scenarios where you had to prioritize multiple complex issues and how you approached them to achieve positive outcomes.
