Economic Analyst in Warwick

Great Britain is at a critical point on its path to net zero and decarbonisation of the energy system. Energy strategy and policy must go further and faster to ensure that we deliver against the Government’s net zero ambitions in a way that ensures energy is reliable, affordable, and fair for all.

The Office of the Chief Economist (OCE) is critical in helping NESO navigate the complexities of the energy transition towards Net Zero. It combines a whole systems view of the UK's energy landscape with expert economic analytical capability and insight that inform decisions, positions, advice, and recommendations.

As an Economic Analyst, you will support economic analysis across various areas of NESO, considering economic welfare aspects, macroeconomic factors, economic trends, regulatory and market economics, and consumer behaviour influences. You will also analyse and forecast economic costs within the evolving energy landscape.

This role is based in Warwick or Wokingham on a full-time basis, with hybrid working from office and home, requiring at least 1 day per week in the office.

Key Accountabilities:

• Contribute to projects within the Office of the Chief Economist, providing economic analysis and modelling on topics related to the energy sector.
• Investigate the economic drivers and outcomes of decarbonisation.
• Conduct literature reviews, data gathering, and analysis, contributing to the development of economic methodologies.
• Lead analysis work as appropriate, collaborating with stakeholders across NESO.
• Attend conferences and research events to stay updated on industry insights and emerging policies.
• Conduct economic analysis across different sectors in the energy industry.
• Apply whole system thinking while drawing conclusions from economic analyses and communicate these clearly.
• Assist in the preparation of briefing notes and submissions for ministers or economic reports for executives.
• Participate in the development and maintenance of an internal knowledge-sharing platform.

About You:

• Curious and forward-thinking with an interest in the broader energy landscape.
• Strong research and analytical skills, with the ability to conduct desktop research and analyse data.
• Effective communication skills, both verbal and written.
• Structured problem solver with a focus on data-related challenges.
• Computer literate, particularly in MS Excel; experience in programming languages is advantageous.

Knowledge:

• Knowledge of macroeconomics, microeconomics, applied economics, market economics, regulatory economics, econometrics, and/or behavioural economics.
• Awareness of the GB whole energy system and key stakeholders.

Experience:

• Experience in drawing economic insights from data and conducting economic forecasting.
• Experience working collaboratively in multidisciplinary teams.
• Experience in conducting economic analysis within the energy sector is advantageous.

Qualifications:

• Degree in Economics or closely related discipline.
• Strong working knowledge of Excel.
• Broad understanding of the GB energy sector.

What You'll Get:

• A competitive salary of £45,000 - £55,000 dependent on experience.
• Bonus based on company performance.
• 26 days annual leave as standard.
• Competitive contributory pension scheme.
• Flexible Bank Holidays & Holiday Trading.
• Private Medical Insurance and other benefits.

At NESO, we play a vital role in tackling climate change and securing Great Britain's energy future. We operate the world's fastest decarbonising electricity system and provide expert advice to government on delivering a clean power system by 2030. Join the energy transformation and help shape the future.