At a Glance
- Tasks: Analyse and design electricity markets for a sustainable energy future.
- Company: Join NESO, a leader in the energy transformation journey.
- Benefits: Competitive salary, bonus, flexible working, and generous leave.
- Other info: Be part of a diverse team shaping the future of energy.
- Why this job: Make a real impact on the UK's transition to net zero energy.
- Qualifications: Strong analytical skills and understanding of GB electricity market design.
The predicted salary is between 56000 - 61000 € per year.
About the Role
As a Market Strategy Analyst in the Wholesale Market Strategy team, you will work on the design of electricity markets that support a secure, decarbonised energy system and efficient balancing for the system operator. These markets form the investment case for key Net Zero technologies such as storage, wind and interconnectors. Your work will underpin NESO’s thinking and position on the future design of energy markets. You will assess the interactions between markets, investment policy mechanisms and market participants’ commercial behaviour, to come to views on how to reform dispatch and balancing frameworks. You will be expected to lead on the interaction between market signals and storage asset commercial behaviour, and feed that expertise into the Reformed National Pricing programme.
You will have the opportunity to work closely with the Department of Energy Security and Net Zero, Ofgem and the Electricity National Control Centre, where NESO balances the electricity system in real time, as well as external stakeholders to inform our work. A strategic mindset, commercial approach, and the ability to understand and communicate trade-offs is essential. This role can be based in Wokingham, Warwick or Glasgow, and we continue to offer hybrid working from office and home. We are open to full time and part time applicants, as well as flexible working arrangements.
Key Accountabilities
- Robust quantitative and qualitative analysis of GB electricity market design
- Lead on policy development (writing papers, developing effective frameworks for assessment, communicating effectively with technical and non-technical audiences)
- Actively engage with internal and external stakeholders to explain the implications of design proposals, incorporate feedback and move the discussion forward, develop solutions that are implementable in NESO’s systems and/or the wider GB markets framework
- Leading on identifying areas for improving GB market design and setting out vision on policy options to bring together internal and external stakeholders on ways forward, proactively seeking innovative solutions and new technologies
- Contributing to the development and communication of NESO’s view of wholesale markets, advising industry, Ofgem and Government on how markets could be adapted to enable a zero carbon energy system.
About You
We’re forging the path, and we know we can’t do it alone. That’s why we need visionary minds like yours to join us on this transformative journey. In this case, we’re looking for someone who is/has:
- Market Design and Strategy: The ability to think imaginatively and to conceptualise the impact of net zero on the GB power system and electricity markets.
- Strong understanding of GB electricity market design: this could be from a market participant’s perspective, for example via trading in GB power markets, or through experience in the regulatory or policy arena.
- In-depth knowledge of key energy policy instruments and understanding of economics of investment in GB electricity assets.
- Ability to lead on design change proposals across project team of subject matter experts.
- Strong experience with storage (e.g. battery storage etc.) is desirable.
Analytical Thinking:
- An evidence-led approach to developing strategy. Proven ability to use quantitative and qualitative evidence to develop a thoughtful and independent viewpoint.
- Confidence using analytical software and an ability to translate data and analysis into value-adding insights, commentary and recommendations that inform decision making.
Communication and Stakeholder Engagement:
- Excellent written and verbal communication.
- Ability to analyse and present complex issues to audiences with varying levels of familiarity in power systems and markets.
What You'll Get
A competitive salary of £56,000 - £61,000pa dependent on experience and capability. As well as your base salary, NESO's core benefits are the essential perks and advantages that form part of your employee package:
- You will receive a bonus based on company performance
- 26 days annual leave as standard
- A competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.
- Annual Enrollment to NESO Savings Plan, when you save between £20- £500 a month from your take-home pay, we will pay a 50% matching contribution.
NESO's flexible benefits programme provides you with more flexibility around your health, lifestyle and protection benefits, here's just a few available:
- Flexible Bank Holidays & Holiday Trading
- Additional Birthday Day Off
- Cycle to Work Scheme, Retail & Gym Discounts
- Private Medical Insurance, Critical Illness Insurance & Personal Accident Insurance
About Us
At the National Energy System Operator (NESO), we play a vital role in tackling climate change and securing Great Britain's energy future. We already operate the world's fastest decarbonising electricity system and are working towards our ambition to run it carbon-free for a short period this year - provided the market supplies electricity exclusively from renewable sources. Alongside this, we provide expert advice to government on how to deliver a clean power system by 2030.
In autumn 2024, the Electricity System Operator (ESO) transitioned to become NESO - an independent, expert public corporation with a whole-system view across electricity, gas, and hydrogen. NESO operates independently and transparently, always acting in the best interests of all energy users. Licensed and regulated by Ofgem, we make impartial decisions that balance sustainability, affordability and security. Our organisation is fully independent from government, the regulator and all commercial interests, with a clear focus on system-wide benefit, long term thinking and public value.
The time to deliver is now. Join the energy transformation and help shape the future. Your energy. Our future. Together.
National Energy System Operator (NESO) recognises the potential of bright and talented individuals, and we encourage you to join us as Great Britain’s energy system undergoes an ambitious, exciting, and vital transformation. Together with industry, we are creating a cleaner, more sustainable energy future.
More Information
This role closes at 23:59, on the day before date shown above, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary. Research shows that some people may hesitate to apply unless they meet every single requirement. At NESO, we believe potential comes in many forms and we're committed to a fair, inclusive recruitment process where everyone has the opportunity to show their talents. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds.
Wholesale Market Analyst employer: National Energy System Operator Limited
At the National Energy System Operator (NESO), we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the pursuit of a sustainable energy future. With competitive salaries, generous benefits including a robust pension scheme and flexible working arrangements, we empower our employees to grow and thrive while making a meaningful impact on Great Britain's energy landscape. Join us in shaping the future of energy, where your contributions will be valued and your career can flourish in a supportive environment.
Contact Detail:
National Energy System Operator Limited Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Wholesale Market Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the energy sector, especially those who work at NESO or similar companies. LinkedIn is your best mate here – connect, engage, and don’t be shy to ask for informational chats. You never know who might help you land that interview!
✨Tip Number 2
Prepare for the interview by diving deep into the latest trends in electricity market design and net zero technologies. Show us you’re not just a candidate but a passionate advocate for sustainable energy. Bring your A-game with examples of how you’ve tackled similar challenges in the past.
✨Tip Number 3
Practice makes perfect! Get a friend or mentor to do mock interviews with you. Focus on articulating your thoughts clearly, especially when discussing complex topics like market signals and storage asset behaviour. The more comfortable you are, the better you’ll shine during the real deal.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining NESO and being part of the energy transformation journey. Let’s make it happen together!
We think you need these skills to ace Wholesale Market Analyst
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Wholesale Market Analyst role. Highlight your experience with market design and strategy, and show how your skills align with NESO's mission to create a decarbonised energy system.
Showcase Your Analytical Skills:Since this role requires strong analytical thinking, be sure to include examples of how you've used quantitative and qualitative analysis in past roles. We want to see how you can turn data into actionable insights!
Communicate Clearly:Your written communication skills are key for this position. Use clear and concise language in your application, and make sure to explain complex ideas in a way that anyone can understand. This will demonstrate your ability to engage with diverse stakeholders.
Apply Early!:Don’t wait until the last minute to submit your application. We encourage you to apply as soon as possible through our website. This not only shows your enthusiasm but also gives us more time to review your application thoroughly.
How to prepare for a job interview at National Energy System Operator Limited
✨Know Your Market Inside Out
Before the interview, dive deep into the GB electricity market design. Familiarise yourself with current policies, key players, and recent changes. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples of how you've used quantitative and qualitative analysis in past roles. Be ready to explain your thought process and how your insights led to actionable outcomes. This is crucial for a role that demands evidence-led strategy development.
✨Engage with Stakeholders
Think of examples where you've successfully engaged with various stakeholders. Highlight your communication skills and how you’ve navigated complex discussions. This will demonstrate your ability to work collaboratively, which is key for this position.
✨Be Ready for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Prepare by thinking through potential challenges in market design and how you would approach them. This will showcase your strategic mindset and readiness to tackle real-world issues.
