Regulated Asset Economist

Morecambe Net Zero (MNZ) is one of the UK’s most ambitious decarbonisation projects, transforming depleted gas fields in the East Irish Sea into a world‑class carbon storage hub. By safely capturing, transporting and permanently storing CO₂ from heavy industry, MNZ will play a vital role in helping the UK achieve its net zero targets while supporting thousands of skilled jobs across the country.

Regulated Asset Economist Overview

Provides detailed economic and unit cost analysis to support the commercialisation of Spirit’s portfolio of energy transition opportunities, including the MNZ carbon storage project in collaboration with Peak Cluster, formation of an integrated CO₂ shipping hub on Merseyside and/or at Port of Barrow, and the Barrow Energy Park development. Owner of economic models, analysis and value optimisation insights.

Location: Aberdeen
Duration: 1 year contract
Contract type: PAYE
Day rate: TBC (Provide PAYE day rate banding expectation)

Technical Responsibilities

• Develop and maintain economic models, including the MNZ T&S Regulated Asset Base economic model.
• Ensure models are aligned with policy and regulatory parameters and leverage deep insights to ensure Spirit Energy maximises the value from its proposed developments.
• Provide deterministic and probabilistic economic analysis to inform key project decisions.
• Provide decision quality subject matter expertise to help ensure key decisions are high quality and timely.
• Provide discounted and undiscounted unit cost analysis to benchmark Spirit Energy’s opportunities and aid the optimisation of opportunities.
• Ensure models are accurate, auditable, and build trust in investment analysis and propositions.
• Remain abreast of the evolving energy transition landscape, including technology, policy, regulatory framework, and investor sentiment to position Spirit Energy’s projects for success.
• Interpret changes and reflect in relevant models.
• Maintain a positive relationship with relevant regulators and commercial interfaces such as Ofgem and LCCC.
• Be ready for future phases of economic regulation including negotiations, price controls, and audits.
• Communicate complex economic analysis clearly to senior leaders, regulators and cross‑functional stakeholders.
• Any other associated duties as reasonably required.

Qualifications

• Advanced Excel‑based financial and economic modelling and data analytics.
• Unit cost and Levelized Cost of Abatement (LCOA) analysis.
• Whole‑life cost and net present value (NPV) analysis.
• Deep understanding of regulated asset frameworks including incentives, penalties, allowed return, WACC, financing and risk parameter modelling.
• Degree in economics, finance, engineering, energy, or related discipline.
• Postgraduate qualifications and/or professional accreditation (e.g., CFA, chartered accountant) are advantageous.

Other

We are a truly pioneering energy transition company that values diversity and forward‑thinking perspectives. If this feels like the right match, we’d love to hear from you.