Energy Economist, Assistant Director, EY Parthenon, London
EY’s Economics Advisory team combines deep sector knowledge with strong technical skills in economics, econometrics and quantitative analysis to address key client issues in strategy, regulation, competition, planning and government policy. EY's Economic Advisory team is growing its energy and resources practice to capture opportunities as the energy transition changes the sector. The government, regulators and companies need to shape policy and regulation to deliver the energy sector of the future while ensuring short‑term outcomes for consumers and investors.
In response to client demand, our energy and resources team is seeking experienced economists to help grow the business in the following areas:
* The economics of power generation
* Policy and regulation of energy and water networks, flexibility, electric vehicles, whole systems approaches and system operation
* Policy and regulation of heat and industrial decarbonisation (including hydrogen and CCUS)
Your key responsibilities
Your day‑to‑day responsibilities will include:
* Identifying and designing policy and regulation to solve challenges created by the energy transition faced by companies, governments and regulators
* Delivering high‑calibre economic insight and producing high quality, technically sound reports
* Managing projects to time and budget and leading teams
* Liaising with clients and leading client meetings
* Proactively supporting business development initiatives
* Playing an active part in the management of the wider team of managers, executives and analysts
In addition you will be responsible for building a network of contacts both internally and externally.
To qualify for the role you must have
We are looking for an experienced energy economist with strong communication skills. The successful candidate should be capable of working on multiple projects at the same time, as well as possessing strong business development and project/team management skills. They will also proactively manage their own career path and development.
Suitable applicants will be a highly effective team member and leader, with an Economics degree and relevant experience as an economist employed in a regulated company, economic regulator or government, economic consultancy or similar position. Ideally, you’ll also have knowledge of any of the following:
* Designing and influencing sector‑specific economic regulation or wholesale / capacity / ancillary service / balancing / retail market arrangements
* Designing and analysing energy and water network policy and regulation, including price controls (e.g. Ofgem’s RIIO‑2, Ofwat’s PR19), smart grids, hydrogen and CCUS network regulation
* Undertaking cost of capital and other financial analysis related to ensuring the attractiveness of utility regulation for investors
Skills and attributes for success
* Logical and rational approach to complex problem solving
* Excellent written and verbal communication skills, with the ability to explain complex technical issues to non‑technical clients and staff
* Builds relationships with clients and EY teams
* Deals confidently with stakeholders and client staff and builds credibility for the firm
* Responds quickly to client requests for information or guidance, referring issues to more senior staff where appropriate
* Recognises opportunities to contribute to client issues and assists in providing solutions
* Actively promotes the sharing of knowledge
* Contributes pro‑actively to building team spirit and works effectively across teams
* Delivers to demanding deadlines while maintaining discipline and quality of output
* Willingness to travel domestically and internationally
What working at EY offers
We offer a competitive remuneration package with rewards for individual and team performance. Our Total Rewards package includes support for flexible working and career development. With FlexEY you can select benefits that suit your needs, including holidays, health and well‑being, insurance, savings and a wide range of discounts and promotions. In addition, we offer:
* Continuous learning: develop mindset and skills to navigate whatever comes next
* Success as defined by you: tools and flexibility to make a meaningful impact, your way
* Transformative leadership: insights, coaching and confidence to be the leader the world needs
* Diverse and inclusive culture: be embraced for who you are and empowered to use your voice
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. While client‑facing professionals may travel regularly and be based at client sites, flexible arrangements help balance personal priorities.
About EY
As a global leader in assurance, tax, transaction and advisory services, we build a better working world by providing training, opportunities and creative freedom to make things better. The EY experience lasts a lifetime.
Application note
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible. Build your legacy with us. Apply now.
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