Senior Economics Analyst

Senior Economist Location: Economist Analysis
Are you ready to shape the future of energy regulation?

Northern Powergrid is seeking a highly skilled Senior Economist to lead the development and delivery of Northern Powergrid’s incentives framework for the RIIO‑ED3 price control period. This is a pivotal opportunity to shape how we design, evaluate, and optimise regulatory incentives to deliver the best outcomes for our customers, stakeholders, and shareholders.

In this strategic role, you’ll apply economic expertise to guide regulatory strategy, support commercial decision-making, and ensure our incentives approach is robust, evidence-based, and aligned with both business objectives and Ofgem’s expectations. Along with a competitive salary between £75,000 - £95,000 (depending on experience) we also offer great benefits such as;

~ Enrolment into our pension scheme
~ Car allowance / company car scheme
~20% performance bonus
~25 days holiday plus bank holidays (rising with service)
~ Excellent opportunities for career growth

Lead the design, modelling, and evaluation of the ED3 incentives framework, ensuring alignment with regulatory requirements and corporate strategy.
Provide expert economic analysis to assess the financial and operational impacts of incentive mechanisms.
Monitor and respond to external regulatory, policy, and market developments affecting incentives and returns.
Collaborate with internal teams and external stakeholders to influence regulatory outcomes and secure positions for Northern Powergrid.
Prepare high‑quality reports, submissions, and presentations for senior leadership, the regulator, and other stakeholders.
Strong economic modelling and quantitative analysis skills.
Strategic thinking with the ability to anticipate and respond to regulatory change.
High‑quality written and verbal communication skills, with attention to detail.

Degree in Economics, Finance, or a related discipline (or equivalent experience).
Proven track record in economic analysis within a regulated industry, ideally energy or utilities.
Experience in designing, evaluating, or managing regulatory incentives frameworks.
Understanding of cost of equity and cost of debt methodologies, including their application in regulatory price control frameworks.
Knowledge of key regulatory finance components such as regulatory depreciation, regulated asset value, and allowed return calculations

Postgraduate qualification in Economics, Regulation, or Energy Policy.
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Applicants are considered on the basis of their suitability for the post irrespective of sex, marital status, sexual orientation, gender re-assignment, race, age or disability, in accordance with the Equality Act 2010.