Graduate Economist - Warwick, United Kingdom - National Gas

National Gas
National Gas
Verified Company
Warwick, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

About us:


  • As Great Britain's electricity system operator (ESO), we sit at the heart of the electricity system, using our outstanding engineering and commercial expertise to balance electricity supply and demand. Ultimately, we keep the electricity flowing directly to where it's needed, second by second.

Our values and principles:


About the role:


  • Joining our 18month Graduate Development Programme as an Economist Graduate within the Electricity System Operator, you'll carry out research, collect large amounts of data and complete vital work at the heart of Great Britain's energy industry, ensuring our high voltage electricity system and the commercial infrastructure that underpins it meets the fastgrowing need of consumers.
  • You will work with some of the best people across the energy industry and within the ESO to understand the everevolving economics of the electricity system and its interactions with the multifuel energy system. You will support the delivery of our ambition to operate a zerocarbon system by 2035 as well as designing a whole system strategy that delivers for stakeholders and consumers. You will create innovative ways considering the economics of power systems and its economic dependencies with other systems, helping us become a trusted partner to the whole energy industry.

Key Accountabilities:


  • Drive and develop existing and new economic assessment methods for investment in the GB power system and perform costbenefit analysis to justify new transmission developments & investments
  • Assess highlevel economics of current and future market arrangements for the markets that we operate or are proposing to operate, e.g., assessment of voltage, stability, and storage markets
  • Work collaboratively with our power systems engineers, markets specialists and data scientists throughout the business to interrogate and analyse our databases of billions of data points and provide recommendations with a succinct justification
  • Collaborate closely with industry stakeholders to build and deliver strong costbenefit analyses to support strategic decisions that help shape the future of the energy system and ultimately deliver our GB goal of net zero carbon emissions by 2050
  • More generally, take novel and/or complex economics problems and solve them while providing a simple explanation to the business and wider stakeholders

What you'll need:


You'll have a minimum 2.2 degree in Economics, Maths or Business-Related discipline.- Ideally, you will also have a valid full UK Driving License.


Location:


  • This role is based at Warwick, hybrid working options available and dependent upon business requirement

Application deadline:


  • Assessment centres will be held from December 2023 onwards

What you'll get:


  • At the ESO, we are committed to providing you with a comprehensive range of benefits to support you in your personal and professional life. Our benefits package includes competitive compensation, health and wellness programmes, opportunities for career growth, a supportive work environment, and much more.
  • We are proud to offer a starting salary of £33,154 (Bachelor's) or £34,300 (Master's).
Our Graduate Programmes are unique; not only will gain an insight into how we work at the ESO, but you'll also get to understand what a career with us can offer, along with some great rewards:

  • £2,000 bonus, once joined and started on programme.
  • 26 days holiday
- £2,400 payment on successful completion of the programme

  • Up to £200 per month accommodation allowance as you move around the business, and additional annual leave for when you move between placements plus assistance with moving personal belongings.
  • We're dedicated to fostering a culture that values wellbeing and career growth, making the ESO an ideal place to work and build a fulfilling career
- #Graduateopportunities2024
More Information:


  • The Government and Ofgem have asked the ESO to take on new roles and responsibilities.
  • Becoming the Energy Future System Operator is a critical step to help deliver a reliable and clean energy transition for all. The ESO, including all of its existing roles, will be at the heart of the new Future System Operator, taking on additional roles with a whole energy system mindset to drive progress towards net zero while maintaining energy security and minimising costs for consumers.
  • The new organisation will be set up as a public corporation with operational independence from government bringing parties together to support optimised decision making and action. As now, it will be licensed and regulated by Ofgem through price control agreements. It is anticipated that the new organisation will be up and running by or in The time to act on climate change is now. As part of the team, you won't just be touching the lives of almost everyone in Great Britain you'll be shaping the way we use and consume energy for generations to come.**At Natio
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