At a Glance
- Tasks: Analyse economic data and support policy decisions in the energy sector.
- Company: Join a leading organisation focused on energy economics and regulation.
- Benefits: Enjoy 25 days holiday, a 15% annual bonus, and a double matched pension scheme.
- Other info: Great career growth opportunities and a supportive team environment.
- Why this job: Make a real impact on energy policies while developing your analytical skills.
- Qualifications: Degree in Economics or related field; strong analytical and communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
Directorate: Economics, Performance
Enrolment into our double matched pension scheme
25 days holiday plus bank holidays (rising with service)
15% Annual Bonus
Excellent opportunities for career growth
One paid volunteering day each year to support a local community, environmental or social initiative during work time
Eye Care and Safety vouchers
Loyal Service Awards
Key Responsibilities
- Develop and maintain the company methodologies for carrying out quantitative and economic assessments of the energy sector, to support internal regulatory and policy decision making and external engagement.
- Support Economists, and the wider team, in identifying and defining our policy priorities and relevant supporting analysis.
- Undertaking economic modelling analysis.
- Undertaking research and evidence gathering.
- Manage the sourcing, organising and processing of cost and market data to carry out specific analysis across our regulated and unregulated markets.
- Monitor and report on the state / health of the sector, based on financial / sectoral data trend analysis.
- Interacting with economists/strategists across internal and external teams to maintain a joined-up view of regulated and unregulated energy markets.
- Great interpersonal skills, having the ability to forge strong relationships with key internal and external stakeholders.
- Experience of collecting data and performing preliminary analysis.
- Experience of analysing economic scenarios, evaluating policies and providing insights.
- The ability to proactively prioritise, plan and deliver complex subject matters that require critical risk and opportunity assessment.
- A passion and ability for the practical application of energy economics.
Qualifications and Attributes
- Qualified to degree level (or equivalent) in Economics, Mathematics, or related subjects.
- Experience of managing solutions that involve complex problem solving and/or critical thinking in the context of economic regulation and/or price reviews.
- Understanding of UK economic regulation, price reviews and regulatory frameworks in the energy sector.
- The ability to clearly and concisely communicate complex concepts/subject matter – both orally and in writing – to influence key decision-makers.
- Experience of preparing or evaluating business plans of regulated companies, including in relation to cost allowances, performance targets, incentives and/or regulatory finance issues.
- Experience in dealing with complex economics projects/analytical models in consulting, industry, or government.
- Previous experience working with or alongside a Distribution Network Operator.
Applicants are considered on the basis of their suitability for the post irrespective of sex, marital status, sexual orientation, gender re‑assignment, race, age or disability, in accordance with the Equality Act 2010.
Economic Analyst employer: Northern Powergrid
Northern Powergrid is an exceptional employer, offering a dynamic work environment in Castleford or Shiremoor, where employees can thrive while contributing to the electricity network that powers millions of homes and businesses. With a competitive salary, annual bonuses, and a strong focus on employee development, we foster a culture of innovation and collaboration, empowering our analysts to turn complex data into actionable insights that drive performance improvements. Join us to be part of a team that values your contributions and supports your professional growth in a meaningful industry.
StudySmarter Expert Advice🤫
We think this is how you could land Economic Analyst
✨Tip Number 1
Network like a pro! Reach out to current employees in the energy sector, especially those working as Economic Analysts. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your economic modelling skills. Be ready to discuss how you've tackled complex problems in the past and how you can apply that to the role. We want to see your passion for energy economics!
✨Tip Number 3
Show off your interpersonal skills! During interviews, highlight your ability to build relationships with stakeholders. Share examples of how you've successfully collaborated with teams to achieve common goals.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Economic Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Economic Analyst role. Highlight your experience in economic modelling and data analysis, and don’t forget to mention any relevant projects or coursework that align with our needs.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about energy economics and how your skills can help us at StudySmarter. Be specific about your experiences and how they relate to the job description.
Showcase Your Analytical Skills:We love candidates who can think critically! In your application, provide examples of how you've tackled complex problems or conducted thorough analyses in previous roles. This will show us you have what it takes to succeed in this position.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values.
How to prepare for a job interview at Northern Powergrid
✨Know Your Economics
Brush up on your understanding of UK economic regulation and the energy sector. Be ready to discuss how you would apply economic theories to real-world scenarios, especially in relation to regulatory frameworks and price reviews.
✨Showcase Your Analytical Skills
Prepare examples of past projects where you managed complex data analysis or economic modelling. Highlight your experience in collecting and processing market data, and be ready to explain your thought process behind your findings.
✨Communicate Clearly
Practice explaining complex concepts in simple terms. During the interview, focus on how you can influence decision-makers with your insights. Use clear, concise language to demonstrate your ability to communicate effectively with both technical and non-technical stakeholders.
✨Build Relationships
Emphasise your interpersonal skills and provide examples of how you've successfully collaborated with teams or stakeholders in the past. Show that you understand the importance of forging strong relationships in a role that requires interaction across various teams.
