Job Information
National Grid Market Strategy Lead - ESO in Warwick, United Kingdom
About the role
Great Britain's electricity system is undergoing an ambitious, exciting and vital transformation. Together with industry, we are creating a cleaner, greener system, one that protects the planet and serves generations to come.
As Senior Lead in the Dispatch and Balancing Strategy team, you will develop the critical markets ESO needs to operate a secure, decarbonised electricity system. These markets form the investment case for key Net Zero technologies such as storage, wind and interconnectors. Your work will underpin ESO’s thinking and position on the Review of Electricity Market Arrangements. You will assess the interactions between balancing markets, investment policy and market participant commercial behaviour. A strategic mindset and the ability to understand and communicate trade-offs between short and long-term system value is essential.
The interactions between markets, transmission network buildout and the physical constraints of real time system operation will be key considerations. You will have the opportunity to work closely with the Department of Energy Security and Net Zero, Ofgem and the Electricity National Control Centre, where ESO balances the electricity system in real time.
This role can be based from Wokingham, Warwick or Glasgow, and we continue to offer hybrid working from office and home. We are open to full time and part time applicants, as well as flexible working arrangements.
About us
At National Grid ESO, our mission is to meet the challenges of the future and deliver cleaner, affordable electricity. We constantly strive to do this better by using technology and innovation to transform the way we work.
Becoming the National Energy System Operator
In Summer of 2024, the ESO will transition to becoming the National Energy System Operator, or NESO for short. Previously denoted as the Future System Operator (or FSO), the new National Energy System Operator will be the independent body responsible for planning Great Britain’s electricity and gas networks and operating the electricity system.
The ESO, including all of its existing roles, will be at the heart of the new National Energy System Operator. As NESO, we will build on our existing roles, capabilities, and ways of working significantly to create an organisation the energy system and its users’ need. Our new capabilities will enable us to look across vectors, including electricity, natural gas and hydrogen, and crucially consider the trade-offs between them.
The organisation will be set up as a public corporation with its own Board of independent directors, with complete operational independence from government, the regulator and any and all commercial interest. As the ESO are today, NESO will be licenced and regulated by Ofgem through price control agreements and obligated to identify optimal solutions to system operations and planning in the most sustainable, affordable and secure way for all.
The time to deliver is now. As part of our 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.
Key Accountabilities
Robust quantitative and qualitative data-driven analysis of key GB electricity market outcomes
Input on policy development (writing papers, developing effective frameworks for assessment, communicating effectively with technical and non-technical audiences)
Interface with relevant stakeholders to understand the implications of design proposals.
About you
Market Design and Strategy:
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.
Knowledge / understanding of key electricity policy instruments (e.g the capacity market) and understanding of economics of investment in GB electricity assets (generation, flexibility, DSR).
The ability to think imaginatively and to conceptualise the impact of net zero on the GB electricity wholesale and ESO balancing service markets.
Analytical Thinking:
An evidence-led approach to developing strategy. Proven ability to use quantitative and qualitative evidence to develop a thoughtful and independent viewpoint.
Proficiency in the use of excel.
Communication and Stakeholder Engagement:
Excellent written and verbal communication
Ability to analyse and present complex issues to audiences with varying levels of familiarity in power systems and power markets.
Strong interpersonal skills in influencing and working effectively internally across an organisation, gaining buy in to priorities and driving delivery through others.
Flexibility and agility to manage a wide range of issues at the same time and to prioritise use of resources.
What you'll get
A competitive salary between £60,000 - £70,000pa – dependent on experience and capability.
As well as your base salary, you will receive a bonus based on company performance, 26 days annual leave as standard and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%.
As we work towards creating a cleaner, greener, and more affordable future for all, we also work towards creating a place for our teammates to belong, with professional and personal growth and positive well-being.
Full support and career-development resources to expand your skills, enhance your expertise, and maximise your potential along your career journey.
A diverse and inclusive community of belonging, where teammates are empowered to bring ideas to the table.
Generous Total Rewards Plan – comprising of health, finance and wealth, work/life balance, and career benefits.
More Information
This role closes on 9th July 2024 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
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 (https://jobs.nationalgrid.com/UK/content/Diversity-equity-and-inclusion/?locale=en_GB) , and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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