Key Responsibilities
Reporting to one of Ofgems Principalor SeniorEconomists,responsibilities will include:
* Contribute to analytical functions related to energy market policies, including work on retail,networksand the generation side of the supply chain.
* Develop and produce regulatory models such as cost assessment models for price controls, cap & floor models, price capsetc.
* Good data analysis skills and ability to work with large excel models. This includes quality assurance of models produced by analytical colleagues, ensuring analytical robustness while acting as a critical friend.
* Support Ofgem colleagues in the production of robust impact assessments, promoting the use of Ofgems Impact Assessment guidance and ensuring Ofgems policies are in line with Treasurys Green Book and wider guidance for better regulation.
* Develop relationships across our organisation and the wider industry sector, including with DESNZ. This includes the ability to interpret and present clear, concise, and actionable information and insight to senior colleagues and decision makers.
* Manage interactions with industry consultants and academics as necessary to progress regulatory and economic issues.
* Undertaking high quality research and proactivelyidentifyingapplicable evidence and analytical methods that contributes to the development of the evidence base to support policy creation
* Help develop innovative approaches, including the use of AI, to enhance data analysis and monitoring
Key Stakeholder Relationships
* Chief Economist,Head of Economic Analysis,Principaland SeniorEconomists in the Office of Research andEconomics.
* Policy teams from across the Infrastructure Group, particularly those involved inanalytical work underpinning key Ofgem decisions.
* Whereappropriate tothe work packages, external senior stakeholders includingacademics, other regulators, government departments etc.
Person specification
ESSENTIAL:
* Degree in Economics/related subject or comparable capability built through relevant professional experience in economic analysis(LEAD CRITERIA).
* Strong analytical skills both quantitative and qualitative and proven experience in the application of these skills to the key responsibilities of this post.(LEAD CRITERIA).
* Ability to effectively communicate and synthesise analysis,ideasand data fora variety of audiences, both verbally and in writing(LEAD CRITERIA).
* Ability toflexiblyand effectivelydeliver high-quality workina timelywayacross a range of different analytical projects.
* Demonstration of meeting challenging deadlines and managing multiple priorities, with ability to take initiative, think creatively and work independently.
* Analytical skills using relevant software packages (one or more ofR, STATA,Python, orExcel).Ideally experience ofapplying these tools in a professional context.
DESIRABLE:
* Experience of working on comparable economic issueswith anunderstanding of the principles of economic regulation(e.g.working in the energy sector,consultancy,price controls,regulated companies,regulatorsor government departments).
* Sector knowledge: experience of price controls and knowledge of energy networks and/or electricity distribution.
Behaviours
We'll assess you against these behaviours during the selection process:
* Making Effective Decisions
* Communicating and Influencing
* Delivering at Pace
Benefits
Alongside your salary of 34,123, OFGEM contributes 9,885 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits;hybrid working (currently 1 day a week in the office butthis is keptunderreview), flexible working hours and family friendly policies.Pluslots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets ofestablishinga Net Zero energy system by 2050. This exciting blend of professional challenge and personal rewardidentifiescareer opportunities at Ofgem as something to get excited about.
Things you need to know
Artificial intelligence
Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Experience.
When you press the Apply now button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.
You will then be asked to provide a 1250 word personalstatement evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure youdemonstrateclearly, within your supporting statement, how you meet each of thecriteria listed in the role profile.
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 ].
Feedback will only be provided if you attend an interview or assessment.
Security
Successful candidates must undergo a criminal record check.
People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Nationality requirements
This job is broadly open to the following groups:
* UK nationals
* nationals of the Republic of Ireland
* nationals of Commonwealth countries who have the right to work in the UK
* nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
* nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
* individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
* Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)
Working for the Civil Service
The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window) .
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window) .
Apply and further information
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window) .
Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.
Contact point for applicants
Job contact :
* Name : Lisa Buchanan
* Email : recruitment@ofgem.gov.uk
Recruitment team
* Email : recruitment@ofgem.gov.uk
Further information
Appointment to the Civil Service is governed by the Civil Service Commissions Recruitment Principles. You have the right to complain if you feel there has been a breach of these Recruitment Principles.
In the first instance, you should raise the matter directly via recruitment@ofgem.gov.uk. If you are not satisfied with the response, you may bring your complaint to the Commission. For further information on bringing a complaint to the Civil Service Commission, please visit their website.
Attachments Economist_Role Profile (L2a) 446176 Opens in new window (pdf, 137kB) Analysis Candidate Pack 446176 Opens in new window (pdf, 706kB) Terms and Conditions April 2025 Opens in new window (pdf, 335kB)