Senior Market Analyst: Energy Demand

Warwick, GB, CV34 6DA London, GB, WC2N 5EH

Division: Market Fundamentals

Job Type:

Requisition Number: 62852

Department:

Job Function: Strategy

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.

We are looking for a proactive, knowledgeable energy market analyst, preferably with strong energy demand knowledge around heat pump, EVs and data centre for example. As a senior analyst within the Market Analytics team, you will be part of a team that navigates future pathways for National Grid by conducting in-depth energy market analyses, modelling scenarios, quantifying risks and opportunities for National Grid. The team combines the latest market intelligence, deep energy sector 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.

National Grid is hiring a Senior Market Analyst for our Group Strategy, Innovation and Market Analytics (SIMA) team. This is a hybrid role based in either our Warwick or London office.

What You'll Do

• Research and understand the fundamental drivers related to energy demand in the context of long-term modelling, particularly focusing on electricity load growth, load profiles.
• Stay abreast of industry trends, regulatory changes, and technological advancements in the decarbonisation of the energy demand sectors, quantifying and evaluating their economic and strategic impacts on our long-term scenarios and National Grid’s electricity networks.
• Develop and improve Market Analytics’ in-house demand models, ensuring they are fit for purpose. Articulate and explain market model inputs/outputs to internal and external stakeholders.
• Assist with delivering regular short term GB power margin forecasts, quantifying the effects of different market drivers and providing commentary and insights on the GB power market.
• Model the GB & European power markets to support key commercial projects for NGV and other NG businesses covering mainly UK projects, investment decisions, business planning, strategic planning, and new business opportunities.
• Collaborate with cross-functional teams, including Group Strategy, M&A, Business Development, Corporate Affairs and Commercial Operations to provide ad hoc market analysis, modelling insights and assessments of market impacts.
• Mentor junior analysts / apprentices and support their learning and career development.

About You

• 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.
• Ability to translate model outputs into business insight and articulate impact on investment cases.
• Self-motivated, entrepreneurial, and responsible individual.
• Strong knowledge in energy markets, energy demand knowledge would be advantageous.
• Strong quantitative, analytical and modelling skills, Python / Excel VBA skills would be preferred.
• Familiarity with Power BI or other data visualization / dashboard development packages.
• Experience in developing & employing market models. Previous experience with commercial production cost modelling software, such as: PLEXOS, Aurora, BID3, etc. is a plus.

What You'll Get

A competitive salary between £60,000 - £70,000 – dependent on capability.

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.

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.