At a Glance
- Tasks: Design and analyse electricity markets for a sustainable energy future.
- Company: Join NESO, a leader in the energy transformation.
- Benefits: Competitive salary, bonus, flexible holidays, and health insurance.
- Other info: Be part of a diverse team shaping the future of energy.
- Why this job: Make a real impact on GB's decarbonised energy system.
- Qualifications: Experience in market design, analytical skills, and strong communication.
The predicted salary is between 56000 - 61000 £ per year.
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.
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 & 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 & 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.
- 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.
Benefits
- 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 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 the 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 showcase 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 in Warwick employer: National Energy System Operator
At the National Energy System Operator (NESO), we are committed to fostering a dynamic and inclusive work environment that empowers our employees to drive the transition to a sustainable energy future. With competitive salaries, generous benefits including a double-matched pension scheme, and a strong focus on professional development, NESO offers a unique opportunity for Wholesale Market Analysts to contribute to meaningful projects while enjoying a supportive culture that values innovation and collaboration.
Contact Details:
National Energy System Operator Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Wholesale Market Analyst in Warwick
✨Tip Number 1
Network like a pro! Reach out to folks in the energy sector, especially those involved in market design and strategy. Attend industry events or webinars, and don’t be shy about sliding into DMs on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your analytical skills! Prepare to discuss your experience with quantitative and qualitative analysis during interviews. Bring examples of how you've used data to influence decisions or improve market designs. This will demonstrate your value to potential employers.
✨Tip Number 3
Be ready to chat about the future of energy! Brush up on current trends in GB electricity markets and think about how net zero impacts them. Being able to articulate your vision for market reform will set you apart from other candidates.
✨Tip Number 4
Apply through our website! We love seeing applications directly from passionate candidates. Make sure to tailor your application to highlight your relevant experience in market design and stakeholder engagement. Let’s shape the future of energy together!
We think you need these skills to ace Wholesale Market Analyst in Warwick
Some tips for your application 🫡
Know Your Stuff:Before you start writing, make sure you understand the role and the electricity market inside out. Dive into the job description and highlight key points that resonate with your experience. This will help you tailor your application to show us you're the perfect fit!
Show Off Your Skills:When writing your application, don’t just list your qualifications. Instead, give us examples of how you've used your analytical skills or led projects in the past. We want to see how your experience aligns with what we’re looking for in a Wholesale Market Analyst.
Keep It Clear and Concise:We appreciate clarity! Use straightforward language and avoid jargon where possible. Make sure your application is easy to read and gets straight to the point. Remember, we want to understand your thoughts without having to decipher complex sentences.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about NESO and what we stand for.
How to prepare for a job interview at National Energy System Operator
✨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.
✨Quantitative Skills on Display
Be prepared to discuss your analytical skills and how you've used quantitative data in past roles. Bring examples of how you've translated complex data into actionable insights, especially in relation to energy markets or investment strategies.
✨Engage Stakeholders Effectively
Think about times when you've had to communicate complex ideas to different audiences. Be ready to share these experiences, highlighting your ability to adapt your communication style to suit technical and non-technical stakeholders alike.
✨Showcase Your Vision for Net Zero
Articulate your thoughts on how the GB power system can evolve towards a net zero future. Discuss innovative solutions or technologies you believe could play a role, demonstrating your forward-thinking mindset and alignment with NESO's mission.
