Job Information
National Grid Senior Energy Market Modeller - Flexible Hybrid Working in Warwick, United Kingdom
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 Energy Market Modeller, 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.
Key Accountabilities
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’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.
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.
What you'll get
A competitive starting salary circa £60,000 – £75,000 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.
More Information
This role closes on 30/06/2024, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
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