Investment Strategy Analyst

About the role

National Energy System Operator (NESO) recognises the potential of bright and talented individuals, and we encourage you to join us as Great Britain’s energy system undergoes an ambitious, exciting, and vital transformation. Together with industry, we are creating a cleaner, more sustainable energy future.

This is a 12 months secondment / fixed term contract. As an investment strategy analyst in the Investment Strategy team, you will work on the design of energy markets that support a secure, decarbonised energy system. These markets form the investment case for key Net Zero technologies such as storage, wind and interconnectors.

Your work will underpin NESO’s thinking and position on the range of energy markets in the long term. This will include developing and executing engagement strategies to ensure we develop, and understand, the commercial behaviour of a wide range of strategic and financial investors in the UK energy system. This will help inform the development of future energy market mechanisms designed to drive up investment.

You will have the opportunity to work closely with the Department of Energy Security and Net Zero, and Ofgem. A strategic mindset, commercial approach, and the ability to understand and communicate trade-offs is essential.

This role can be based in Wokingham, Warwick, or Glasgow and we continue to offer hybrid working from office and home. We are open to full time and part time applicants, as well as flexible working arrangements.

As an Investment Strategy Analyst, you will help drive our work on market design and complementary policies (e.g. Contracts for Difference, Capacity Market) and how they can be evolved for delivering a clean power electricity system by 2030 and net zero economy by 2050. The role is expected to include:

• Leading on the analysis of investor behaviour as a result of market design.
• Engaging with investors across a wide range of company types. Representing NESO and its longer term thinking on market development along with understanding investor perspectives around engagement with energy markets and how this drives investment.
• Reviewing the clean energy landscape to assess how markets may need to evolve over time to deliver changing clean power investments.
• Providing advice to internal stakeholders on proposed market changes in the near term with regards to possible impacts on investment activities.
• Contributing to the delivery of the Review of Electricity Market Arrangements (REMA).
• Engaging with DESNZ, Ofgem, and other public bodies with regards to development of policies and regulation for the energy markets.
• Analysing and considering multiple policy options, weighing up the economic costs and benefits of different interventions, while also taking into account other consumer benefits and deliverability.

We’re forging the path, and we know we can’t do it alone. That’s why we need visionary minds like yours to join us on this transformative journey. In this case, we’re looking for someone who has/is:

• A logical, creative and practical approach to problem solving and ability to break down complex problems
• An understanding of the energy sector; knowledge of electricity wholesale markets including the key players and the market structures that drive their decision making
• Some knowledge of key electricity policy instruments (e.g the capacity market, contracts for difference, UK emissions trading scheme) and understanding of economics of investment in GB electricity assets (generation, flexibility, demand side response).
• Proven ability to produce and use quantitative and qualitative evidence to develop a thoughtful and independent viewpoint.
• Proficiency in the use of excel and various analytical techniques would be well regarded.
• Some career experience in economics, data science, or complex analysis - including the ability to think holistically across completing and complimentary factors as we will need to bring together a whole energy systems approach
• Excellent written and verbal communication. Evidence in engagement with external stakeholders.
• The ability to analyse and present complex issues, with tailoring to…