Director of Economic Regulation - United Kingdom - Smart DCC

Description

Salary Competitive

Director of Economic Regulation

Manchester, Nottingham, and/or London

Competitive Salary plus benefits

The DCC has developed and launched a digital foundation for the GB energy industry, providing the infrastructure that will digitise domestic energy consumption and improve costs behaviours, initially changing behaviours to reduce energy demand and cost to the consumer.

Through this infrastructure, information regarding each consumer's consumptions behaviours and costs are now available to new categories of devices, applications, and services both within the home and beyond. Through the re-use of the DCC network and the development of new capabilities such as switching, load control and half hourly settlement, the DCC will have a key role to play in supporting the transition of the energy system and the delivery of Government's Net Zero agenda.

Over time there is also the potential to reuse the network and the data it generates (with consumer position) to benefit other sectors, for example in home health services, and to introduce new data requirements and connect different devices that would benefit from the DCC's high security standards (e.g. smart water meters). This is an exciting opportunity to shape and help implement the agenda of the most senior levels of the business which will require proactivity, resilience, and agility of mind. This role is heavily focussed on the economic regulatory framework of DCC how it will be shaped post 2026 (when the current DCC Licence expires).

What will you be doing?

• To lead on the delivery of DCC's annual ex-post price control-DCC is operating in a heavily regulated environment (currently based on annual ex-post price control submissions) and the Director of Economic Regulation will lead on developing and submitting DCC's annual price controls.-The Director of Economic Regulation will oversee the end-to-end process, with the objective of meeting DCC objectives and investors' expectations.-This will include taking the lead to developing a new approach to consider the increased degree of scrutiny from the Regulator in reviewing and assessing DCC's level of cost (and our approach to engaging with our customers).
• To take the lead on developing DCC's future economic regulatory framework – including a new price control regulatory model (post 2026)The current Licence period is due to finish in September 2025 (or later in case of a 1 or 2-year extension) and the Director of Economic Regulation will take the lead on developing and implementing the new regulatory framework post 2025 (including the new price control).-This will involve working very closely with other areas in DCC (and the Regulator) to ensure a smooth transition.
• To lead on the regulatory design of DCC's performance incentives schemes -The Director of Economic Regulation will lead on the development of DCC's new performance incentives, working very closely with other ExCo members (incl. the Chief Operating Officer and the CFO) to ensure these schemes are aligned to DCC's corporate objectives and deliver on investors' return expectations. -Working very closely with the Director of Regulatory Design in the S&R team and both the COO and CFO in the ExCo team, the Director of Economic Regulation will take the lead on improving the existing performance incentive schemes (to ensure they are aligned to DCC's operational and financial corporate objectives). -The Director of Economic Regulation will take the lead on engaging proactively with the business to ensure DCC's performance incentive schemes are based on robust regulatory design principles, and clearly understood across the business.
• To provide expert advice on the existing (and future) economic regulatory framework to ensure that the business fully understands the economic regulatory requirements within a regulated monopoly.
• To oversee and develop our economic regulatory engagement with key regulators (Ofgem but also BEIS and other key stakeholders) and to lead on the preparation of high-quality papers, external submissions, and formal letter.

What are we looking for?

• The successful candidate will have long experience in providing strategic advice to senior level of decision-makers in business (or Government).
• They will have excellent communication skills and senior stakeholder management expertise (including at Board level) allowing them to tailor communications to explain complex issues concisely and clearly.
• The successful candidate will be able to provide substance and thought leadership for the development of new regulatory regimes / regulatory changes and the ability to advise on how best to achieve the organization's objectives whilst operating within the regulatory framework.
• The successful candidate will have demonstrable experience of authoring high-quality documentation for clients in the energy industry, regulated industries or central government.
• They will be experienced at working in a complex and heavily regulated environment with multiple stakeholders, and in collaborating with multi-functional teams.

About the DCC:

At the DCC, we believe in making Britain more connected, so we can all lead smarter, greener lives. That desire to make a difference is what drives us every day and it wouldn't be possible without our people. Each person at the DCC brings a special kind of power to the business, and if you join us, we'll give you the means to unleash yours. Here, we depend on each other and hold each other accountable. You have the power to challenge and make change, to take the initiative and enjoy real responsibility. Whether it's doing purposeful work, helping us grow or building the career you want – we'll give you the support to do it all. Our secure network for smart meters is transforming Britain's energy system and helping the country's fight against climate change: we want you to be part of our journey.

Company benefits:

The DCC's continued success depends on our people. It's important to us that you enjoy coming to work, and feel healthy, happy and rewarded. In this role, you'll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle.

If there are any questions you'd like to ask before applying, please contact Catia Pereira or complete your application, so we can learn more about you. Your application will be carefully considered, and you'll hear from us regarding its progress.

Join the DCC and discover the power of you.

What to do now?

Choose 'Apply now' to fill out our short application, so that we can find out more about you. If you have any questions you'd like to ask before applying, please contact

Capita Opportunity Statement:

The parent company, Capita Plc*, are a leading UK provider of technology enabled business services. We're supporting and improving the lives of millions of people every day and we can only do this with the right people in place, working towards a shared goal. We encourage an open, honest working environment where everyone can be true to themselves, and people are valued for their differences. We're always challenging each other to learn and improve, because we know when we work together, we can deliver better outcomes. We work across such a huge range of businesses and sectors, that you'll have the opportunity to grow and develop your career in any number of directions. You'll also become part of a network of 63,000 experienced, innovative, and dedicated individuals across multiple disciplines and sectors. There are countless opportunities to learn new skills and develop in your career, and we'll provide the support you need to do deliver. Our purpose is to create a better outcome for you.