Senior Economist

Successful candidates may be based in any of our office locations – Cardiff, Glasgow, or London.

Job summary

Ofgem’s price cap protects around 22 million energy customers from unfair prices. We’re looking for a Senior Economist to bring their expertise to this high-profile area of work and help ensure that protection continues to work for consumers as the energy market changes.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers – especially vulnerable people.

This is a permanent opportunity to use your expertise to make a real difference to millions of people across Great Britain. Working in an area that directly affects household finances, you’ll contribute to fairer outcomes for individual consumers whilst helping ensure the energy market works effectively for the public.

You’ll shape analytical work and influence significant policy decisions across economics, competition analysis and financial evidence, working alongside specialists on some of the most important questions facing the retail energy market.

What’s more, you’ll have the chance to strengthen your leadership experience, leading key areas of work, setting direction for junior colleagues and bringing together policy, analytical and legal expertise from across Ofgem.

So, what will you bring to the role? You’ll be an experienced economist or analyst with strong quantitative skills and demonstrable experience of complex analysis and modelling, including applying economics, competition analysis and financial analysis to relevant markets. You’ll have proven policy development and writing skills, excellent communication and stakeholder management capabilities, and experience of shaping and leading analytical work programmes and major projects to fixed deadlines.

In return, you’ll be enabled to stretch yourself tackling complex challenges and broaden your experience across high-profile analytical and policy work. Within our inclusive and diverse environment, you’ll also discover a market-leading rewards package, alongside plenty of professional development opportunities that will allow you to continue your trajectory on your career path.

We have a critical purpose to protect energy consumers, and ensuring people pay a fair price for their energy is central to that mission. Join us and use your economic expertise to help shape effective price protection as the energy market continues to change.

If you are motivated by public purpose, complex systems leadership and delivering better outcomes for consumers, we would like to hear from you.

Key Responsibilities:

• Developing and evidencing changes to price cap policy;
• Ensuring policy recommendations are based on robust and quality assured economic analysis;
• Communicating policy proposals to internal and external stakeholders;
• Coordinating / managing a team of policy analysts to ensure the completion of team deliverables on time;
• Identify interdependencies and working collaboratively with other experts across Ofgem. Engaging with other policy teams and legal advisors.
• Analytical skills – Strong quantitative skills using a range of methods and demonstrable experience of conducting complex analysis / modelling; including strong evidence of applying economics and competition analysis (including financial analysis) to relevant markets. (Lead Criteria)
• Policy skills – policy analysis and policy writing skills with demonstrable application of those skills to policy development, consultation, decision-making processes and implementation.
• Communication skills – the ability to communicate complex and often technical issues clearly and effectively with both experts and non-experts.
• Project and management skills – Evidence of shaping and leading analytical work programmes that support policy decisions, and successful management of major projects with fixed deadlines. This includes proactively managing your own work independently with minimal supervision and setting direction for junior colleagues.
• Stakeholder management skills - ability to communicate credibly and effectively with stakeholders at all levels as part of a targeted stakeholder management strategy

Behaviours

We’ll assess you against these behaviours during the selection process:

• Making Effective Decisions
• Communicating and Influencing
• Delivering at Pace

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Ability and Experience.

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by https://www.cifas.org.uk/fpn.

At Ofgem, we expect our staff to carry out their roles with honesty, fairness and openness. They should follow the Civil Service code and be free from any influence or bias. We are committed to making sure interests are recognised, declared and managed appropriately so that we can fulfil our duties as an energy regulator. Our Conflicts of Interest policy outlines the types of interests Ofgem staff must declare before onboarding, and the rules they must follow throughout employment so that we can clearly demonstrate that our decisions are not influenced by private interests.

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