Wholesale Market Analyst

About The Role

As a Market Strategy Analyst in the Wholesale Market Strategy team, you will work on the design of electricity markets that support a secure, decarbonised energy system and efficient balancing for the system operator. These markets form the investment case for key Net Zero technologies such as storage, wind and interconnectors. Your work will underpin NESO’s thinking and position on the future design of energy markets.

You will assess the interactions between markets, investment policy mechanisms and market participants’ commercial behaviour, to come to views on how to reform dispatch and balancing frameworks. You will be expected to lead on the interaction between market signals and storage asset commercial behaviour, and feed that expertise into the Reformed National Pricing programme.

• Robust quantitative and qualitative analysis of GB electricity market design
• Lead on policy development (writing papers, developing effective frameworks for assessment, communicating effectively with technical and non-technical audiences)
• Actively engage with internal and external stakeholders to explain the implications of design proposals, incorporate feedback and move the discussion forward, develop solutions that are implementable in NESO’s systems and/or the wider GB markets framework
• Leading on identifying areas for improving GB market design and setting out vision on policy options to bring together internal and external stakeholders on ways forward, proactively seeking innovative solutions and new technologies
• Contributing to the development and communication of NESO’s view of wholesale markets, advising industry, Ofgem and Government on how markets could be adapted to enable a zero carbon energy system.

We’re forging the path, and we know we can’t do it alone. That’s why we need visionary minds like yours to join us on this transformative journey. In this case, we’re looking for someone who is/has:

• The ability to think imaginatively and to conceptualise the impact of net zero on the GB power system and electricity markets.
• Strong understanding of GB electricity market design: this could be from a market participant’s perspective, for example via trading in GB power markets, or through experience in the regulatory or policy arena.
• In-depth knowledge of key energy policy instruments and understanding of economics of investment in GB electricity assets.
• Ability to lead on design change proposals across project team of subject matter experts.
• Strong experience with storage (e.g., battery storage etc.) is desirable.

• An evidence-led approach to developing strategy. Proven ability to use quantitative and qualitative evidence to develop a thoughtful and independent viewpoint.
• Confidence using analytical software and an ability to translate data and analysis into value-adding insights, commentary and recommendations that inform decision making.

• Excellent written and verbal communication.
• Ability to analyse and present complex issues to audiences with varying levels of familiarity in power systems and markets.

• A competitive salary of £56,000 - £61,000pa dependent on experience and capability.
• You will receive a bonus based on company performance.
• 26 days annual leave as standard.
• A competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.
• Annual enrollment to NESO Savings Plan; when you save between £20- £500 a month from your take-home pay, we will pay a 50% matching contribution.

• Flexible Bank Holidays & Holiday Trading
• Additional Birthday Day Off
• Cycle to Work Scheme, Retail & Gym Discounts
• Private Medical Insurance, Critical Illness Insurance & Personal Accident Insurance

At the National Energy System Operator (NESO), we play a vital role in tackling climate change and securing Great Britain's energy future. We already operate the world's fastest decarbonising electricity system and are working towards our ambition to run it carbon‑free for a short period this year – provided the market supplies electricity…