JOB SUMMARY

Ofgem is looking for a Senior Analyst to join our Networks Directorate and help shape the regulation of the electricity and gas infrastructure that underpins the UK’s journey to Net Zero.
You’ll lead on the analysis of network company performance, taking ownership of complex workstreams that influence regulatory decisions on multi-billion-pound investment plans. This is a high-impact role where your insights will help ensure networks deliver value for money, resilience, and sustainability.
Bringing a strategic mindset and strong analytical capability, you’ll work across teams to assess cost efficiency, monitor outputs and incentives, and shape future regulatory approaches. You’ll also contribute to the development of methodologies and provide expert advice that supports the UK’s transition to a decarbonised energy system.
This is a unique opportunity to play a central role in the RIIO-3 price control programme one of the most significant regulatory frameworks in the energy sector. You’ll also support the ongoing monitoring of the current RIIO-2 regime, ensuring continuity and robust oversight as we transition between control periods. As your experience grows, you’ll lead on the assessment of company submissions, apply cost assessment methodologies, and help implement new funding mechanisms and incentives.
We’re looking for someone with excellent analytical skills (interpreting both qualitative and quantitative data), sound judgement, and a talent for translating complex data into clear, concise briefings. You’ll need to be confident managing multiple stakeholders, working independently, and communicating effectively with a wide range of internal and external partners. You will have strong Excel skills and be comfortable working with large datasets to support robust, evidence-based decision-making.
You’ll also bring strong policy analysis and writing skills, with experience supporting decision-making through clear, well-evidenced recommendations. Strong project management skills are essential, as you’ll be expected to deliver high-quality work to tight deadlines with minimal supervision.
At Ofgem, you’ll be part of an inclusive, forward-thinking team that values curiosity, collaboration, and public service. We support flexible and hybrid working, offer a competitive benefits package, and provide an environment where your work contributes to a greener, fairer energy system.
We have a critical purpose to ensure that energy networks deliver for consumers and the environment. In this role, your insights will help shape the future of energy regulation and support the UK’s transition to a low-carbon economy.

KEY SKILLS:

• Work collaboratively with diverse colleagues.
• Lead on the development of robust analysis that contributes to creating a range of options and making recommendations to senior management.
• Highly confident with Excel to manage large datasets and to present analysis in appropriate and clear formats.
• Experience of regulatory reporting is desirable, but is not essential.
• Experience of data modelling and modelling tools is desirable, but is not essential.

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.

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)
• 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

KEY RESPONSIBILITIES:

• Leading areas of our annual monitoring assessment approach for the RIIO gas price controls, including analysis of company performance in relation to specific categories of expenditure and the outputs we set under the RIIO-2 price control framework and examining variations in performance against regulatory targets.
• Engage with network companies on technical aspects of their submissions and participate in direct discussions to help gain a deeper understanding of the factors influencing the delivery of the RIIO-2 programme.
• Liaise with network companies (e.g. via sector working groups) on a regular basis to help refine and develop our approach to cost assessment.
• Provide oral and written briefings to Networks and Ofgem’s boards and committees on key issues - working closely with policy, regulation finance and legal colleagues.
• Support effective project management to ensure delivery of your work.
• Consider challenges and changes for RIIO-3/ED3, including changes to policy and enhancing our data collection and reporting templates.
• Drafting consultation and decision documents.
• Representing Ofgem at relevant industry events, seminars and working groups.
• Responding to changing priorities and helping manage organisational risk, by being flexible to embrace new workstreams across sector price controls. This could include using your analytical skills to support, or lead, the assessment of specific network projects that might require additional funding after the price control is set. Or supporting briefings and analysis in the event of appeal of the price control settlement(s).

Key Outputs and Deliverables:

• Assess the performance of the network companies against RIIO-2 targets and obligations.
• Take responsibility for the monitoring and reporting of specific cost, funding and incentive areas within the RIIO-2 price control framework (including outputs and uncertainty mechanisms) in terms of cost-efficient delivery for customers, the environment and asset resilience.
• Assist in the production of external annual reports that summarise and communicate the results of our assessment. For areas you have direct responsibility, lead the production of internal briefings to deliver to agreed timelines and parts of the external annual report.
• Lead the annual process to refine and develop our approach to enhance our data collection and reporting templates, including the consultative and decision making processes with key stakeholders.
• Develop and apply assessment methodologies, to make robust recommendations, supported by the analysis of the benefits and costs (to consumers and network companies) of different options.
• Support and help motivate members of a team. This includes working closely with team leads and other Senior Managers to develop regulatory expertise and capability in the team.