Regulatory Affairs for European Power – London

Regulatory Affairs for European Power – London

Full-time

We are a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon credits. Every day we use our expertise to distribute energy around the world. We source from producers, refiners and intermediaries and deliver to refineries, utilities, airlines and retail distribution networks as well as wholesalers and other traders. We manage the physical risk associated with moving energy.

Our business is global: we trade over 7 million barrels per day of crude oil and products and charter around 6,200 ship voyages a year. We also use our technical expertise to manage a global network of energy infrastructure that we deploy to help meet supply and demand flows worldwide. Our trading and logistical expertise is supported by a suite of proprietary technology applications that we build and maintain in-house. Our revenues in 2023 were $400 billion. For more information please visit:

The Regulatory Affairs for European Power role supports our traders, brokers and originators in optimising business opportunities as well as representing Vitol in industry associations and with other institutions at national and international level, as relevant.

Regulatory Support

• Providing regulatory support to commercial activities within Europe, including helping to establish new revenue streams
• Advice and up to date information to leadership teams regarding power policy developments
• Maintaining records of key policy decisions and related impact
• ‘Horizon-scan’ the industry landscape, creating awareness and appropriate responses to changes/threats/initiatives
• Maintain overview of EU network codes development (CACM, FCA, SOGL, EB, …)
• Maintain overview of incentives landscape both at the EU and national level (Capacity mechanisms, CfDs, Feed-in tariffs, Premium tariffs, …)

Advocacy

• Developing lobby and advocacy strategies
• Developing and maintaining stakeholder engagement with key government departments, regulators, and other industry bodies
• Building trust and credibility to influence direction at a Policy and Regulatory level
• Represent Vitol at industry forums and respond to industry consultations on behalf of the Company

Compliance Support

• Overseeing all power market relevant regulatory reporting requirements – including REMIT – for the Utilities teams
• Cooperating with the Compliance team on any compliance matters that may emerge in the power trading activities

Relevant Markets

Generation, wholesale power market, long-term transmission rights, PPAs, day ahead and within day market, balancing services across all of Europe.

Qualifications

• Detailed knowledge of the current policy and regulatory environment
• Capability of high-level strategic thinking and situational analysis
• Exceptional track record building senior, influential and productive relationships across political and industrial stakeholder groups, preferably with a strong personal network across the relevant sectors
• Demonstrable track record of policy and strategy development in a commercial environment
• Proven track record of creative solutions to deliver policy requirements in a commercial context
• Experience of engaging and collaborating with key government and policy making bodies within the industry
• The candidate will preferably have at least 10 years hands-on relevant experience
• Fluency in several relevant languages an advantage

Skills

• Demonstrably strategic and commercial mind-set
• Pro-active self-starter; hands-on and results-oriented
• Strong oral and written communication skills
• Well organized with strong attention to detail
• Strong analytical and IT skills
• Highly responsive, proactive, energetic and enthusiastic
• Capable of prioritising tasks, meeting critical deadlines and of working independently
• Ready to work long hours if/when required
• Solution and results-oriented with a common-sense approach
• Well organised, disciplined and able to follow through consistently
• Able to work across organisational and cultural boundaries
• Flexible and able to manage multiple projects simultaneously
• Team player, with an open non-political style and a high level of personal integrity
• Effective in delivering messages in business contexts.

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