Economist; Infrastructure andQuality Assurance

Overview

Successful candidates may be based in any of our office locations – Cardiff, Glasgow, or London, we are especially welcoming applications from people based in the Cardiff and Glasgow. Hybrid working – on average, currently one day per week in the office, or approximately 20% of the month.

Job summary

Ofgem is Great Britain’s independent energy regulator. Our primary responsibility is to protect energy consumers, particularly the most vulnerable, while working with government, industry and consumer groups to deliver a clean, affordable and secure net zero energy system at the lowest cost to consumers and to support economic growth.

We have an exciting opportunity for two Economists to join the Quality Assurance team within the Office of Research and Economics
, part of the Strategy, Economics, Research and Net Zero directorate
. The team plays a critical role in ensuring that the analytical work underpinning Ofgem’s most significant regulatory decisions is robust, proportionate and aligned with best practice.

In this role, you will work across a varied and high‑profile portfolio of projects, contributing to analytical assurance for decisions covering network price controls, system management, retail regulation and wholesale market policy. Your work will help ensure that Ofgem’s impact assessments and economic analysis are consistent, credible and capable of supporting decisions that deliver value for consumers while advancing progress towards net zero.

You will apply strong foundations in applied microeconomics, industrial organisation or regulatory economics to challenge analytical assumptions, interpret complex evidence and advise policy teams on the strengths and limitations of different analytical approaches. You will also use your knowledge of statistics and econometrics to interpret external research and support colleagues in determining the evidence required for robust impact assessments.

Working collaboratively across Ofgem, you will contribute to the development of regulatory models, cost assessment tools and analytical frameworks used to assess the impacts of market interventions. You will help ensure effective application of Ofgem’s Impact Assessment Guidance and alignment with HM Treasury’s Green Book and the wider principles of better regulation. You will also support the development of innovative methods and tools, including the use of AI, to enhance analysis and monitoring.

The role requires strong communication skills and confidence in engaging with senior leaders, external organisations and analytical peers across government, including DESNZ and HM Treasury. You will be proactive, able to work independently where required, and demonstrate excellent attention to detail while managing multiple priorities in a fast‑paced environment.

This position offers variety, intellectual challenge and the opportunity to influence decisions central to the future of the UK energy system. You will strengthen the analytical foundations behind Ofgem’s most important regulatory choices, ensuring they are grounded in sound evidence and clear economic reasoning.

Reporting to one of Ofgem’s Principal or Senior Economists, responsibilities will include:

• Contribute to analytical functions related to energy market policies, including work on retail, networks and the generation side of the supply chain.
• Develop and produce regulatory models such as cost assessment models for price controls, cap & floor models, price caps etc.
• Good data analysis skills and ability to work with large excel models. This includes quality assurance of models produced by analytical colleagues, ensuring analytical robustness while acting as a critical friend.
• Support Ofgem colleagues in the production of robust impact assessments, promoting the use of Ofgem’s Impact Assessment guidance and ensuring Ofgem’s policies are in line with Treasury’s Green Book and wider guidance for better regulation.
• Develop relationships across our organisation and the wider industry sector, including with DESNZ. This includes the ability to interpret and present clear, concise, and actionable information and insight to senior…