Wholesale Market Expert

Grow your analysis expertise on high-profile projects and advise on energy market developments.

As the UK’s regulator for the energy industry, Ofgem works on behalf of energy consumers to ensure that every household and business in the UK can rely on a safe, affordable and environmentally sustainable energy supply. Now that record increases and volatility in global gas prices have put the energy market under severe strain, we need to go further and faster in pursuing the country’s climate goals and reduce our reliance on fossil fuels.

It’s more important than ever that we keep track of market developments. In this highly visible and valued role, you’ll ensure we do that. Working on issues including price caps and wholesale market policy changes, you’ll advise senior managers and government stakeholders on some of Ofgem’s most high-profile projects.

As the go-to expert in a multi-disciplinary team you’ll advise policy colleagues across Ofgem, as well as ExCo and other stakeholders. Leading the analysis of market data including commodity prices, gas and power fundamentals and wholesale transaction data, you’ll provide insight reports and updates on key market developments.

Planning and overseeing the delivery of projects, you’ll support colleagues to meet deadlines and high standards. You’ll coach junior analysts, enable knowledge sharing and collaborate closely with other teams to manage interdependencies, risks and resourcing. You’ll also work with our Communications team, advising on external messaging around wholesale market developments and affected policy.

You’ll bring experience of working as an internal expert in a complex environment, where you worked collaboratively with a diverse range of colleagues. You should also be confident advising and challenging senior leaders on strategic and operational performance related matters.

We’re looking for you to have specialist knowledge of GB wholesale energy products and markets including ancillary services, balancing markets, auctions, Forwards (OTC) and Futures. With this you’ll have a deep understanding of supply and demand drivers in the European power and gas markets, along with knowledge of the range of related data sources and how to apply them.

Ofgem relies on having a workforce that reflects the society we serve, so we welcome candidates from all backgrounds, and especially those from underrepresented groups. While this is a full-time role, flexible working patterns and job shares are welcome. We will also support you with excellent training and development opportunities, plus a competitive benefits package.

• Operate as one of Ofgem’s internal wholesale markets expert, providing advice on wholesale gas and power market related matters to policy teams across Ofgem as well as to ExCo and other key stakeholders.
• Be the focal point and expert in a multi-disciplinary team in a specific work area in the context of operating in a Professions and Flexible Resourcing model.
• Plan, oversee and deliver a set of work deliverables on time and to a high standard through effective project management and support of multidisciplinary team members.
• Provide inclusive corporate leadership, using your expertise to provide comprehensive knowledge sharing, support and development that demonstrate commitment to Ofgem values.

The essential criteria for this role is:

• Specialist knowledge of GB wholesale energy products and markets including ancillary services, balancing markets, and auctions (Lead)
• Experience of working in a complex environment, acting as an internal expert – advising and challenging senior leaders on strategic and operational performance related matters.
• Extensive experience working collaboratively with diverse colleagues.
• Deep understanding of supply and demand drivers, European power and gas markets, and interactions with the wider energy complex
• Knowledge of the different market sources/expertise, and data to support market intelligence work

The desirable criteria for this role is:

• Responsible for building and supporting the teams delivering the work including effective scoping of work and setting of clear responsibilities.

We’ll assess you against these behaviours during the selection process:

• Seeing the Big Picture
• Changing and Improving
• Communicating and Influencing

We’ll assess you against these technical skills during the selection process:

• Please refer to the Candidate Pack attached for full details.

Job contact :

Name :
Cheryl Stobo
Email :
recruitment@ofgem.gov.uk

Recruitment team :

Email :
recruitment@ofgem.gov.uk