Overview
We are Centrica! We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer – we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.
Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future.
We have a brilliant new opportunity for an Energy Economist to join our Legal, Regulatory Affairs, Ethics & Compliance, and Secretariat Function (LRECS). Our Regulatory Affairs team provides advice regarding and seeks to influence the legal and regulatory framework of the energy sector so that Centrica businesses can work effectively within it.
In this role you will be reporting to one of our Senior Regulatory Managers and will support economic analysis, particularly around proposed investment projects in generation and demand response, contributing to the development of policy positions and communication of these to government and regulators. The role will involve explaining regulatory regimes to the business and ensuring understanding of these is reflected in, for example, financial modelling related to individual projects. You will also contribute to influencing the form of future policy and regulation through the application of robust economic analysis.
Location: The successful candidate would be employed initially at our company’s offices in Windsor, but as the Windsor office is due to close later this year, you will be moved to the company’s new offices in Reading and/or London. You will be required to work flexibly from our office locations as may be needed.
What will you do?
- Advise on impact of regulatory regimes on profitability and return on capital. This advice will be used to inform Business Units and Centrica central strategy team in compiling objectives and implementing individual projects including both investments and acquisitions.
- Support input to Centrica Home and Centrica Business teams on adoption of energy products and technologies. Modelling assumptions of different adoption rates on energy consumption and bills.
- Advise on design of regulatory funding regimes. Contributing to advice on development / shaping of regulatory funding mechanisms, with particular focus on enabling opportunities for Centrica to exploit new net zero commercial opportunities.
- Coordination with project, M&A team and legal advisors. Ensure that deadlines associated with M&A work can be met including preparation of papers for internal Centrica committees, senior leadership of business units and the Centrica Board.
- Coordinating in-house and external consultancy work to wider Centrica teams. Looking to replicate or reduce the need for external economic consultants and reduce the budget requirements for Centrica.
- Improve knowledge and skills across the team and more widely across function and Centrica. Through close working and day-to-day interactions, support colleagues to build the knowledge and understanding of the principles of regulatory economics across the legal and regulatory affairs team. Those principles can then be applied via all regulatory interactions.
Here’s what we’re looking for:
- Excellent verbal, presentation and reasoning skills.
- Excellent analytical and conceptual thinking skills.
- Ability to develop excellent working relationships at all levels of Centrica Group, and with a wide range of key external stakeholders (e.g. Ofgem, BEIS, other national regulators, energy networks, industry bodies, competitors and industry associations).
- A good understanding (and ideally track record) of applying economic analysis to policy and regulation and experience in the sector in different areas.
- An understanding of the energy sector, and/or application of economic analysis in the sector an advantage.
- Agile and proactive, ensuring timely responses to meet with necessary deadlines for project-based work.
IMPORTANT: Before applying for this role, please make sure you have the right to work in the country where the role is based. Unless it clearly stipulates within in the job advert above that the hiring company is looking to or able to sponsor applicants it is deemed that the hiring employer will only consider applications from those able to comply with and work in the country where the role is based.
