Analyst - Offshore Cost Networks

at  Ofgem

JOB SUMMARY

The energy sector is undergoing a historic transformation and Ofgem is at the forefront of driving change. Our work ensures energy networks evolve to meet the demands of a low-carbon future while protecting consumers and ensuring value for money. We’re looking for two Analysts - Offshore Cost Networks to join us and make a real impact by helping to shape the economic and efficient delivery of vital energy infrastructure projects.
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.
We’re offering a permanent opportunity that provides the chance to work on some of the most exciting and impactful projects in the energy sector. This role involves contributing to offshore wind farms, interconnectors linking Great Britain to other countries and innovative multi-purpose interconnectors. You’ll provide expert analysis, engage with industry stakeholders, and ensure projects deliver value for consumers while supporting the UK’s ambitious Net Zero goals.
This is an exciting opportunity to collaborate with a talented and committed team while leading cost assessments and engaging with key players across the energy sector. You’ll contribute to innovative regulatory policy, working closely with senior decision-makers and ensuring energy projects meet rigorous efficiency standards. By combining technical analysis with stakeholder engagement, you’ll play a pivotal role in shaping the future of energy infrastructure.
We’re looking for someone who can demonstrate strong analytical and problem-solving skills, excellent communication abilities and a capacity to manage and deliver complex projects. The ideal candidate will be confident working with senior stakeholders, capable of defending their analyses and have a proven ability to develop and implement solutions that deliver results.
In return, you’ll enjoy the opportunity to shape the future of energy regulation while developing your own expertise. With flexible working arrangements, a collaborative and inclusive environment, and exposure to high-profile projects, this role offers unparalleled professional development and the chance to make a real impact.
We have a critical purpose to ensure that energy consumers receive value for money while enabling the transformation of energy networks to support Net Zero. Join us and help lead the way in building a sustainable, secure and fair energy future.

KEY ACCOUNTABILITIES

• Accountable to wider OFTO and Interconnector project teams for delivering cost valuations of the transmission assets at the agreed time for each project.
• Accountable to the Onshore Heavy Scrutiny Team for providing the cost assessment input to the assessment of the business cases for onshore infrastructure investment.
• Accountable to other teams for providing numerical/cost analysis as and when required.
• Budget accountability if managing an external contractor.
• May be responsible for line managing junior staff (e.g. graduate placement)
• Responsible for 1-2 team management tasks such as resource planning or budget tracking.

TECHNICAL SKILLS

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

• Please refer to the Candidate Pack and Role Profile attached for full details.

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 but is in review), flexible working hours and family friendly policies. Plus lots 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 of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.
Things you need to know

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)

The scope of work ranges from technical analysis and statistical/econometric modelling to report drafting and engaging with industry. Typical responsibilities include:

• Leading on cost assessments specific infrastructure projects such as electricity interconnectors, onshore transmission assets and the transmission assets connecting offshore windfarms and supporting on the assessment of large infrastructure projects.
• Detailed and robust analysis of submissions to help determine the economic and efficient costs associated with the development and delivery of these projects. This will include comparing costs across different projects, undertaking detailed benchmarking analysis to inform and support our assessments, and helping to set appropriate incentives on project developers to manage their costs efficiently.
• Presentation and discussion of analysis and resulting proposals to internal and external stakeholders, such as other team members, senior managers and project developers. In doing so you will support our objective to be fair, open and transparent.
• Ensuring smooth and efficient assessments through clear project-planning, organisation of internal and external meetings, tracking key issues, management of external consultants and their contracts, and management of work packages and analysis allocated to other team members.
• The ability to quickly review and draw conclusions from detailed cost and technical submissions.
• Oversight and management of the team’s cost benchmarking models and associated analysis, including reviewing and updating the models, as appropriate (dependent on candidate’s experience and/or skills).
• A willingness to work flexibly within the Division is essential as role holders will be required to contribute where resources are most needed to achieve deliverables