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Market Analyst - Warwick, United Kingdom - National Grid
Description
About the role
The energy system will continue to change rapidly and fundamentally on the path to net zero in 2050. National Grid is at the heart of these changes, which poses strategic questions for us as a business and for the wider sector. We need to move at pace and reform our energy system – to deliver energy security, to tackle climate change and to protect our people. Group Strategy, Innovation and Market Analytics (SIMA) leads on answering high-level strategic questions for National Grid and working with external stakeholders to collectively answer broader questions for the whole industry.
As a senior analyst within the Market Analytics team, you will be part of a team that navigate future pathways for SIMA by quantifying risks and opportunities for National Grid. The team combines the latest market intelligence, deep energy sector expertise and sophisticated modelling tools to provide insights that matter right across the business. We provide a trusted view on energy markets outlook and share insights that help the business to make informed commercial and strategic decisions.
What you'll do
• Analyse market data to draw inferences and present results in a clear and understandable format to management and key stakeholders
• Deliver socio-economic cost benefit analysis to support the Electricity Transmission business in their decision-making process for new projects.
• Support the team in developing investment cases for new transmission infrastructure projects
• Modelling of the GB & European power markets to support key commercial projects, investment decisions, business planning, strategic planning, and new business opportunities
• Support Group Strategy, M&A, Business Development, Corporate Affairs, Commercial Operations with ad hoc market analysis, modelling and assessments of market impacts
• Develop and improve Market Analytics' in-house market models, ensuring they are fit for purpose. Articulate and explain market model inputs/outputs to internal and external stakeholders
• Contribute to the development and maintenance of European Power Market Scenarios by providing the modelling tools and insightful analysis on supply-demand balance
About you
• Demonstrated inter-personal skills and ability to influence others, work collaboratively and constructively with project partners, external stakeholders, and internal teams to achieve consensus and positive outcomes
• Ability to translate model outputs into business insight and articulate impact on investment cases
• Self-motivated, entrepreneurial, and responsible individual
• An understanding of the process in which future electricity network infrastructure is recommended by the Electricity System Operator is desirable.
• Familiarity with Power BI or other data visualization / dashboard development packages
• Experience developing & employing market models. Previous experience with commercial production cost modelling software, such as: PLEXOS, Aurora, BID3, etc. is a plus
Don't meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we're committed to building a diverse, inclusive and authentic workplace for everyone. So if you're excited about this role but your experience or qualifications don't match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.
What you'll get
A competitive starting salary circa £45,000 – £60,000 dependent on capability and location.
As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.
About us
National Grid touches the lives of almost everyone, with an energy network that stretches across the Atlantic. We're an international team, and our work underpins the lives of millions of people. Feet forwards, head up, and eyes bright, we're working hard to create value for people today – and shape the future of energy tomorrow.
In the UK, we don't generate or sell energy – we join the dots to get energy from A to B. From making a cup of tea in the morning, to keeping the lights on in hospitals, our electricity network puts power in the hands of people. Without it, the world as we know it would grind to a halt. The world of energy is changing beyond recognition. Working at National Grid, you won't just be touching the lives of almost everyone in the UK – you'll be shaping the way we use and consume energy for generations to come.
Closing Date Interviews Date/s
The closing date for this vacancy is 14/06/2024. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid's recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.
At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
