Job Information
National Grid Senior Energy Market Modeller - Hybrid in London, United Kingdom
About us
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.
We’re looking for a passionate Senior Energy Market Modeller to join our Strategy team. You will become 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 market domain 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.
This role is be based out of our Strand office, and we’d hope to see you at least two days per week but you’re welcome to be in the office more often if that would work best for you. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!
What you'll do
⦁ Developing predictive models and future scenarios to provide the analysis on how the energy industry landscape will look in 2050.
⦁ Analysing and modelling of the UK and European power markets to support key commercial projects for NG Ventures and other NG businesses covering mainly UK projects, investment decisions, business planning, strategic planning, and new business opportunities.
⦁ Ensure that key market risks/ opportunities are fully understood, properly evaluated and communicated to the appropriate stakeholders (scenario analysis, stress testing)
⦁ Be an active member of project teams (i.e., Group Strategy, Innovation, Business Development, Commercial operations) to deliver market knowledge and business challenge to help ensure delivery of £bn+ projects (such as Interconnectors, Multi-purpose interconnectors, Transmission grid reinforcements etc.)
⦁ Analyse market, historical, and fundamental data to draw inferences and present results in a clear and understandable format to management and key stakeholders.
⦁ 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.
⦁ Use your analytical and technical skills to become a thought-leader on modelling the big questions and challenges facing the energy industry.
About you
⦁ Knowledge of power market fundamentals, power systems analysis and energy economics.
⦁ Advanced programming skills in Excel, Python, VBA, or other.
⦁ Ability to translate model outputs into business insight and articulate impact on investment cases.
⦁ Experience developing & employing market models. Previous experience with commercial production cost modelling software, such as: PLEXOS, Aurora, BID3, etc. is a plus.
⦁ Self-motivated, entrepreneurial, and responsible individual.
⦁ 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.
⦁ Be intellectually curious and enjoy learning.
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 are 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.
About us
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business
Inclusion and Diversity is not just about race, ethnicity, gender, or sexual orientation. It is about our employees who wake up every day to serve our 20 million customers. At National Grid, we aim to create an environment where everyone is welcomed for who they are and where our differences are not only accepted but are celebrated. We understand the value that a diverse team can add to our organisation and that is why we model inclusive behaviour starting with senior leadership. National Grid utilises the insights of our employees that come from all different cultures, backgrounds, and beliefs to better serve our customers and communities who are in the fore front of everything we do.
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What you'll get
A salary between £60,000 - £75,000 dependent on experience.
Plus:
⦁ Annual Bonus (based on personal and company performance) and annual salary review;
⦁ Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%
⦁ 26 days holiday (plus the opportunity to buy more each year)
⦁ Life Insurance at 10 x your basic salary;
⦁ Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role;
⦁ Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days);
⦁ Access to apps which support health, fitness and wellbeing.
⦁ Career development, ongoing training and support, career progression and plenty of opportunity to progress!
Further Information
This is a hybrid working role from our Strand office with circa 2 days in the office required. The closing date for this vacancy is Midnight 14th Oct 24, with interviews due to take place w/c 21st Oct 24 onwards. 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.