Regulatory Asset Specialist

GENERAL DESCRIPTION

Renewable energy is Scotland's main source of electricity. Ocean Winds is a leading developer and operator of offshore wind projects in Scotland and is playing a leading role in tackling climate change and supporting energy security. With the UK's energy policy landscape evolving rapidly, key decisions are expected over the coming months, which will shape the energy system for years to come and directly impact OW’s project portfolio.

Whether you have already started your journey in the green energy industry or aspire to move into the sector, Ocean Winds has an opportunity for a Regulatory Affairs Specialist in our External Affairs and Policy Team to provide regulatory support to Ocean Winds’ operational projects and development portfolio.

Reporting to the Senior Regulatory Affairs Associate, with a matrix reporting line to the Senior Commercial Asset Management Associate, the main responsibilities of the role include:

• Monitoring of relevant policy, regulatory and energy market developments.
• Analysing and presenting data it in a compelling way to support advocacy activities.
• Compiling briefing materials, consultation responses and technical notes.
• Supporting the Head of External Affairs and Policy and the Head of Commercial Asset Management in delivering budgets and business plans.
• Support the Operations and Development teams to deliver asset value.

CORE MAIN ACCOUNTABILITIES

• Proactively monitor policy, regulatory and electricity market developments undertaking risk and opportunity analysis, including identifying potential mitigation measures where applicable. Draft internal team briefings and external responses.
• Analyse data to identify trends, anomalies, and areas for improvement.
• Identify relevant industry consultations, establish Ocean Winds positions and prepare responses, gathering input from appropriate departments and ensuring coordination and alignment with the corporate team.
• Own the Policy and Regulatory risk register.
• Maintain code modification trackers across grid and BSC codes to support internal monitoring of regulatory developments.
• Support OW participation in relevant code modification work groups.
• Arrange and administrate Ocean Winds UK business unit level policy and regulation meetings, ensuring coordination of activities including working group representation, consultation responses and research.
• Maintain accurate records, documentation and trackers for policy, consultations, grid code modifications, advocacy and stakeholder engagement, budgets, payments.
• Complete associated research including commissioning and managing analysis from specialist consultants where required.
• Produce high quality materials (papers, presentations, responses to regulatory consultations) with data presented in a visually helpful manner.
• Support External Affairs and stakeholder management effort by providing regulatory positions, analysis and data.
• Represent Ocean Winds at trade association meetings, working groups, industry events and bilateral stakeholder meetings.

REQUIRED ACADEMIC AND PROFESSIONAL EXPERIENCE

• A minimum of 2 years’ experience in at least one of the following areas is required:
• Data analysis and reporting in energy sector
• Energy market advisory/consultancy
• Energy market policy and regulatory affairs
• Grid policy
• General law or policy
• Educated to degree level, preferably in or closely related to the following subjects:
• economics, public policy, law, or STEM subjects.
• A focus on energy, renewables, environment, or regulation would be advantageous.

REQUIRED KNOWLEDGE

Demonstratable knowledge in the following areas is required:

• The UK electricity market processes and challenges.
• The UK Contracts for Difference (CfD) regime.
• UK Regulation for transmission-connected generation, including transmission network use of system (TNUoS) charges.
• The core technical characteristics of offshore wind farm generation equipment.

Knowledge of the following areas is desirable:

• The GB offshore transmission regulatory regime (OFTO).
• Capacity market, ancillary services and REGOs.
• Key industry frameworks such as BSC and CUSC.
• Understanding of UK and Scottish Government structures and processes.
• insight into advocacy and…