Power Market Analyst

Equal Approach Ltd.

Power Market Analyst

£61000

Equal Approach Ltd., Bridgend, Perth and Kinross

  • Full time
  • Permanent
  • Onsite working

Posted 1 week ago, 6 Sep | Get your application in now before you're too late!

Closing date: Closing date not specified

job Ref: bf708b75c763477d8ee30fe7e46231c0

Full Job Description

Base Location: Perth, Edinburgh or Glasgow - this is a hybrid role working a minimum of two days a week from the office.

Salary: £40,600 - £61,000 + performance-related bonus + a range of benefits to support your finances, wellbeing and family.

Working Pattern: Permanent | Full Time | Flexible First options available

The Energy Economics team answers some of the most challenging commercial questions regarding energy markets as they stand today, as well as forecasting and influencing industry change to support SSE Group's role in a Net Zero carbon future. Our work spans a wide range of markets and businesses and feeds into both UK and international projects, current and future. It incorporates both power and gas, renewables and thermal, generation and supply and assets large and small.

Our team combines this broad experience with diverse expertise of economics, regulation, and market insights, built on a foundation of economic modelling, forecasting and data analytics. These are brought together in the services we provide which include long-term economic and price forecasts, cost and revenue projections, commercial and strategic recommendations, as well as advocacy for change across policy and regulation. Some of your key accountabilities as Power Market Analyst will include;

- Develop bottom-up forecasts using data analytics, economic assessment and commercial insight.

- Produce analysis to support advocacy regarding market policy and regulatory changes.

- Provide commercial advice for new generation project investments.

- Areas of responsibility will include imbalance costs, REGO value, PPA valuations, as well as other commercial, economic and regulatory issues as they arise.

Experience of data analytics including sourcing, organising, and using data for economic and commercial analysis. Expert Excel user, and beneficial to have experience of tools such as Databricks, Power BI, and Python.

- Experience of building economic models and working with uncertainty to provide forecasts.

- Demonstrable commercial awareness with the ability to produce conclusions and recommendations.

- Ability to clearly communicate results and recommendations using a range of media.

- An understanding of electricity market economics, including power purchase agreements and imbalance costs would be advantageous.

SSE has big ambitions to be a leading energy company in a low carbon world. Following our commitment to invest £20.5 billion in low carbon projects to 2027, we have significant growth plans and are well on our way to achieving our ambition to build a world that's more sustainable and inclusive for you, your family, the community you live in and for generations to come. We are proud to be playing a crucial role in the net zero transition, ensuring we have the energy supplies required to meet the needs of our customers; procuring the fuel required by the generation plants and selling the power output from our renewable and low-carbon thermal assets., Energy Markets (EM) is the energy markets heart of the SSE Group, securing value for SSE's asset portfolios in wholesale energy markets as we move towards our vision of being a leading energy company in a net zero world. We play a critical role as the short-term energy market asset optimiser, and a long-term energy market adviser, for all SSE's Business Units (across SSE's Wind, Hydro, Low Carbon Thermal, Distributed Energy and Customer portfolios). This role for EM enables SSE to focus its investment in energy markets capabilities (including Trading, Risk Management, Energy Economics, Settlements and Advanced Analytics) in one centre of excellence, with these enhanced capabilities supporting value creation and decision making across the SSE Group.

We offer an excellent package with 34 days annual leave entitlement. Enhanced maternity/paternity leave, discounted healthcare, salary sacrifice car leasing and much more, view our full benefits package on our careers site.