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- Tasks: Lead the development of energy regulation incentives and provide expert economic analysis.
- Company: Join Northern Powergrid, a leader in energy regulation and innovation.
- Benefits: Competitive salary, pension scheme, performance bonus, and generous holiday allowance.
- Why this job: Shape the future of energy regulation and make a real impact on customers and stakeholders.
- Qualifications: Degree in Economics or related field with experience in economic analysis.
- Other info: Excellent career growth opportunities in a dynamic regulatory environment.
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
Direct message the job poster from Northern Powergrid
Recruitment Business Partner | Specialising in Resourcing, Talent Acquisition, and Recruitment Strategy at Northern Powergrid
Location: 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.
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.
Referrals increase your chances of interviewing at Northern Powergrid by 2x
Seniority level
- Mid‑Senior level
Employment type
- Full‑time
Job function
- Utilities, Electric Power Generation, and Electric Power Transmission, Control, and Distribution
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Senior Economist employer: Northern Powergrid
Contact Detail:
Northern Powergrid Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Economist
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Northern Powergrid on LinkedIn. A friendly chat can give us insider info and might even lead to a referral.
✨Tip Number 2
Prepare for the interview by brushing up on your economic modelling skills. We want to showcase our expertise in regulatory frameworks, so be ready to discuss real-world applications and examples.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a thank-you email to express our appreciation and reiterate our enthusiasm for the role. It keeps us on their radar!
✨Tip Number 4
Apply through our website! It’s the best way to ensure our application gets seen by the right people. Plus, we can tailor our application to highlight how we fit the Senior Economist role perfectly.
We think you need these skills to ace Senior Economist
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 show us you’re 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 more info 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. This will show that you can hit the ground running.
✨Understand the Regulatory Landscape
Familiarise yourself with the RIIO price control mechanisms and Northern Powergrid's approach to regulatory incentives. Being able to discuss recent developments in UK energy regulation will demonstrate your proactive engagement with the industry and your readiness to contribute.
✨Prepare for Stakeholder Engagement Scenarios
Think about past experiences where you've successfully engaged with stakeholders or influenced regulatory outcomes. Prepare a couple of stories that highlight your communication skills and strategic thinking, as these are crucial for the role.
✨Craft High-Quality Reports and Presentations
Since you'll be preparing reports and presentations for senior leadership and regulators, practice summarising complex economic concepts into clear, actionable recommendations. Bring along examples of your work if possible, as this will showcase your attention to detail and communication prowess.
