Analyst – Retail Market Intelligence and Stability

at  Ofgem

JOB SUMMARY

Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe and sustainable energy supply. We are playing a vital part in accelerating the transition to Net Zero and a carbon neutral energy system - a goal that everyone wants to achieve. Whatever your role, you’ll be playing your part in creating new energy solutions that are great for customers, and great for the environment. It’s a fast-paced and dynamic place to work, and you can expect to be involved in ground-breaking work. Our flexible working career opportunities are incredibly varied, so we are committed to recruiting talented people from a diverse range of professional and personal backgrounds – bringing different perspectives and experiences to our work.
The post will be based in the Retail Market Intelligence and Stability Team. The purpose of this team is to gather & analyse data from energy suppliers on the treatment of consumers, and supplier compliance with certain obligations. This data is utilised to produce insight and actionable intelligence for Ofgem in order to respond to the consumer impacts of retail market conditions.
You will have the opportunity to work flexibly across portfolios and Ofgem on a range of projects or may have a longer deployment within a team where you have in-demand specialist skills, knowledge, and expertise.
This is a great opportunity for someone with strong quantitative and qualitative analytical skills, and ability to use a range of analytical approaches to add value, work with uncertainty to solve problems, formulate pragmatic options, and present actionable information to decision makers. This will include working across teams to deliver the best available evidence and understanding of operational & policy implications when providing analysis of evidence and developing close links to manage risks and issues.
Ofgem is proud to be an equal opportunity employer. We embrace diversity and are committed to creating an inclusive environment for all employees. All employment is decided on the basis of open and fair competition, merit and business need.

JOB DESCRIPTION

Ofgem is Great Britain’s energy regulator. Our primary responsibility is to protect energy consumers, especially the most vulnerable, while at the same time working with government, industry and consumer groups to deliver a clean, more affordable and secure net-zero energy system at the lowest cost to consumers and drive economic growth.
Successful candidates will initially be deployed in the Retail Market Intelligence & Stability team, working and collaborating closely with other teams to monitor the retail energy market to establish a sound evidence base for decision-making and policy-making. This team is part of the Financial Resilience and Controls (FRC) Directorate. You will contribute to regular monitoring and reporting on competition and/or customer protection indicators and on the assessment of the impacts of retail energy policies and regulation.

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 £32,498, OFGEM contributes £9,414 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, 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)

KEY RESPONSIBILITIES

• Contribute to the implementation of BAU activity to regularly monitor and analyse market evidence, including handling large data sets, running existing activity, and issuing new information requests to third parties.
• Support the internal dissemination of retail market and consumer intelligence updates and insights for the benefit of senior managers and other colleagues across Ofgem.
• Contribute to written deliverables (internal and external) such as analytical reports, briefings to senior managers and regulatory decisions.
• Co-ordinate with colleagues on the delivery of unplanned data requests, often at pace.
• Collaborate with internal stakeholders to scope and agree any analytical input/evidence necessary for monitoring and policy purposes.
• Collaborate with external stakeholders including other government departments, suppliers, and consumer bodies to ensure the timely and accurate provision of insights and analysis, where appropriate.