At a Glance
- Tasks: Lead the development of energy regulation incentives and guide strategic decision-making.
- Company: Join Northern Powergrid, a leader in shaping the future of energy.
- Benefits: Competitive salary, car allowance, performance bonus, and generous holiday.
- Other info: Excellent career growth opportunities in a dynamic environment.
- Why this job: Make a real impact on energy regulation and customer outcomes.
- Qualifications: Degree in Economics or related field with experience in economic analysis.
The predicted salary is between 75000 - 95000 £ per year.
Northern Powergrid is seeking a highly skilled Senior Economist to lead the development and delivery of Northern Powergrid’s incentives framework for the RIIO‑ED3 price control period. This is a pivotal opportunity to shape how we design, evaluate, and optimise regulatory incentives to deliver the best outcomes for our customers, stakeholders, and shareholders.
In this strategic role, you’ll apply economic expertise to guide regulatory strategy, support commercial decision-making, and ensure our incentives approach is robust, evidence-based, and aligned with both business objectives and Ofgem’s expectations. If you’re ready to influence the future of energy regulation, we’d love to hear from you.
Along with a competitive salary between £75,000 - £95,000 (depending on experience) we also offer great benefits such as:
- Car allowance / company car scheme
- 20% performance bonus
- 25 days holiday plus bank holidays (rising with service)
- Excellent opportunities for career growth
Key Responsibilities
- Lead the design, modelling, and evaluation of the ED3 incentives framework, ensuring alignment with regulatory requirements and corporate strategy.
- Provide expert economic analysis to assess the financial and operational impacts of incentive mechanisms.
- Monitor and respond to external regulatory, policy, and market developments affecting incentives and returns.
- Collaborate with internal teams and external stakeholders to influence regulatory outcomes and secure positions for Northern Powergrid.
- Prepare high-quality reports, submissions, and presentations for senior leadership, the regulator, and other stakeholders.
- Support the wider RIIO‑ED3 programme by integrating incentives strategy into the overall business plan.
Skills and Competencies
- Strong economic modelling and quantitative analysis skills.
- Deep understanding of UK energy regulation, particularly RIIO price control mechanisms.
- Ability to translate complex economic concepts into clear, actionable recommendations.
- Excellent stakeholder engagement and influencing skills.
- Strategic thinking with the ability to anticipate and respond to regulatory change.
- High-quality written and verbal communication skills, with attention to detail.
Essential Qualifications and Experience
- Degree in Economics, Finance, or a related discipline (or equivalent experience).
- Proven track record in economic analysis within a regulated industry, ideally energy or utilities.
- Experience in designing, evaluating, or managing regulatory incentives frameworks.
- Strong analytical and problem-solving skills, with proficiency in economic modelling tools.
- Demonstrated ability to work collaboratively across multidisciplinary teams.
- Understanding of cost of equity and cost of debt methodologies, including their application in regulatory price control frameworks.
- Knowledge of key regulatory finance components such as regulatory depreciation, regulated asset value, and allowed return calculations.
Desirable Qualifications and Experience
- Postgraduate qualification in Economics, Regulation, or Energy Policy.
- Experience engaging directly with Ofgem or other economic regulators.
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.
Senior Economist in England employer: Northern Powergrid
Northern Powergrid is an exceptional employer, offering a competitive salary and a comprehensive benefits package that includes a car allowance, performance bonuses, and generous holiday entitlement. With a strong focus on employee growth and development, our collaborative work culture empowers you to influence the future of energy regulation while working in vibrant locations like Newcastle, Castleford, or London.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Economist in England
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Northern Powergrid on LinkedIn. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for the interview by brushing up on your economic modelling skills. Be ready to discuss how you've tackled similar challenges in the past, especially in regulated industries.
✨Tip Number 3
Showcase your stakeholder engagement skills during interviews. Share examples of how you've influenced decisions or collaborated with teams to achieve regulatory outcomes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows your genuine interest in joining Northern Powergrid.
We think you need these skills to ace Senior Economist in England
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Senior Economist role. Highlight your experience with economic modelling and regulatory frameworks, as this will show us you understand what we're looking for.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills in quantitative analysis and stakeholder engagement have made a difference in your previous roles. We want to see real examples of your impact!
Be Clear and Concise:When writing your application, clarity is key. Use straightforward language to explain complex economic concepts, as this reflects the high-quality communication skills we value at Northern Powergrid.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity to shape the future of energy regulation.
How to prepare for a job interview at Northern Powergrid
✨Know Your Economics Inside Out
Make sure you brush up on your economic modelling and quantitative analysis skills. Be prepared to discuss how you've applied these in previous roles, especially in regulated industries like energy. This will show that you can hit the ground running.
✨Understand the Regulatory Landscape
Familiarise yourself with the RIIO price control mechanisms and Ofgem's expectations. Being able to articulate how these frameworks impact Northern Powergrid will demonstrate your strategic thinking and readiness for the role.
✨Prepare for Stakeholder Engagement Scenarios
Think of examples where you've successfully influenced stakeholders or collaborated across teams. Be ready to share these stories during the interview, as strong stakeholder engagement is key for this position.
✨Craft High-Quality Reports and Presentations
Since you'll be preparing reports and submissions for senior leadership, practice summarising complex economic concepts into clear, actionable recommendations. This will showcase your communication skills and attention to detail, which are crucial for the role.
