Economics Engineer - ESO

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.

The Economics Assessment team (within Strategic Network Development) are looking to recruit two new members to the team. The team undertake cost-benefit analysis for a wide range of investment options and commercial solutions to ensure that future developments are robustly underpinned by a justifiable economic needs case.

If you apply, we may consider you for either role based on skills and experience. Applicants for the senior role should have proven expertise in energy modelling and/or cost benefit analysis and be adept at distilling meaningful insights from complex data for decision makers and wider stakeholders.

This role can be based from Warwick, 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., You will utilise pan-European market models such as PLEXOS to assess the impact of projects or policies on the overall cost of operating the electricity network. You will seek opportunities to develop our methodology, tools and models to improve the robustness and timely delivery of our analysis. (For example, this could involve writing python scripts to automate modelling processes and engaging with internal and external stakeholders on our approach to CBAs.) You will lead in the scoping and delivery of new analysis and in model development.

Acting as a key interface with our stakeholders, you will represent the ESO in our cross-industry work ensuring the robustness of data inputs and presenting the results of your analysis. This includes managing stakeholders and supporting the delivery network plans such as the 'Beyond 2030' publication or the upcoming Centralised Strategic Network Plan (CSNP) along with a range of ad-hoc presentations / reports to industry stakeholders and the regulator.

You will document your processes (so that they are repeatable and transparent) and provide oversight, challenge and advice to other team members. In addition, you may represent the ESO on relevant industry panels to ensure best practice is shared across the industry.

What we do isn't just important - it's essential. That's why we look to recruit experts in their field. In this case, we're looking for someone who:

• Career experience in economics, data science or analysis. You may also have existing experience within the energy industry, with an understanding of the supply, transportation, and use of energy.


• A degree in economics, a STEM subject or other relevant experience in a numerate discipline.


• A logical, creative and practical approach to problem solving and ability to break down complex problems.


• Confidence using large bespoke software / a high level of computer literacy (e.g., excellent Excel skills). You should also have experience using data science packages (e.g., SQL, VBA, Python) or developing analysis tools.


• Strong interpersonal and communication skills with the ability to communicate key messages to internal and external stakeholders.
  
  As Great Britain's electricity system operator (ESO), we sit at the heart of the electricity system, using our outstanding engineering and commercial expertise to balance electricity supply and demand. Ultimately, we keep the electricity flowing directly to where it's needed, second by second., 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.

A competitive salary between £49,000 - £69,000 per annum, 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.