At a Glance
- Tasks: Lead the development of energy regulation incentives and provide expert economic analysis.
- Company: Join Northern Powergrid, a leader in energy regulation with a focus on innovation.
- Benefits: Competitive salary, pension scheme, performance bonus, and generous holiday allowance.
- Other info: Collaborative environment with excellent career growth opportunities.
- Why this job: Shape the future of energy regulation and make a real impact on customer outcomes.
- Qualifications: Degree in Economics or related field; experience in economic analysis within regulated industries.
The predicted salary is between 75000 - 95000 £ per year.
This range is provided by Northern Powergrid. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range£75,000 – £95,000 (depending on experience)
Direct message the job poster from Northern Powergrid
Recruitment Business Partner | Specialising in Resourcing, Talent Acquisition, and Recruitment Strategy at Northern PowergridLocation: Newcastle, Castleford Or London
Job Ref No: R7462
Are you ready to shape the future of energy regulation?
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.
Visit northernpowergrid.com/careers to find out more about this and other career opportunities.
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.
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Senior Economist in London employer: Northern Powergrid
Northern Powergrid is an exceptional employer, offering a dynamic work environment where your expertise as a Senior Economist will directly influence the future of energy regulation. With competitive salaries, generous benefits including a performance bonus and extensive career growth opportunities, you will thrive in a culture that values collaboration and innovation. Located in vibrant cities like Newcastle, Castleford, or London, you will enjoy a fulfilling career while contributing to sustainable energy solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Economist in London
✨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 maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by diving deep into the RIIO-ED3 framework. Show us you know your stuff by discussing how you’d approach designing and evaluating regulatory incentives. We love candidates who can think strategically!
✨Tip Number 3
Don’t just wait for the job to come to you! Apply through our website and keep an eye on new openings. The more you engage with us, the better your chances of landing that Senior Economist role.
✨Tip Number 4
Showcase your communication skills! Whether it’s in your interview or during networking, be ready to explain complex economic concepts in simple terms. We want to see how you can influence stakeholders effectively.
We think you need these skills to ace Senior Economist in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in economic analysis and regulatory frameworks. We want to see how your skills align with the Senior Economist role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Skills:When writing your application, emphasise your strong economic modelling and quantitative analysis skills. We’re looking for someone who can translate complex concepts into clear recommendations, so give us examples of how you’ve done this in the past.
Engage with Our Values:Take a moment to reflect on Northern Powergrid’s mission and values. In your application, let us know how your personal values align with ours, especially regarding customer outcomes and stakeholder engagement. This will help us see you as a great fit for our team!
Apply Through Our Website:We encourage you to apply directly through our website at northernpowergrid.com/careers. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details about the role and our company culture there!
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 specific examples of how you've applied these skills in previous roles, especially in regulated industries like energy or utilities.
✨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 show that you're not just knowledgeable but also genuinely interested in the role.
✨Prepare for Stakeholder Engagement Scenarios
Think about past experiences where you've had to engage with stakeholders or influence regulatory outcomes. Prepare a couple of anecdotes that highlight your excellent communication and collaboration skills, as these will be crucial in this role.
✨Craft High-Quality Reports and Presentations
Since you'll need to prepare reports and presentations for senior leadership, practice summarising complex economic concepts into clear, actionable recommendations. Consider bringing a sample report or presentation to showcase your writing skills during the interview.
