Analyst - Long Duration Electricity Storage

At Ofgem, we are driving innovation and transformation to enable the energy sector to meet the UK’s ambitious Net Zero targets. We’re looking for two Analysts within Long Duration Electricity Storage (LDES) to join our newly established team and contribute to a high-profile programme that will shape the future of energy storage, providing vital low-carbon flexibility and diversification for the energy sector.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers - especially vulnerable people.

We’re offering two permanent roles with the opportunity to work on high-impact programmes within our Low Carbon Regulated Asset Base (RAB) team. This is an exciting time to join us, as we deliver the cap and floor regulatory regime for LDES. These roles will allow you to develop expertise in a cutting-edge area of energy regulation and work collaboratively with experienced professionals to make a tangible difference in decarbonisation and consumer outcomes.

As part of a collaborative team, you’ll have the chance to engage with LDES project developers, investors and stakeholders, delivering regulatory assessments and decisions for approved projects. You’ll contribute to improving policy implementation processes, advocating for innovative solutions and creating a strong evidence base to inform our regulatory determinations.

We’re looking for people with exceptional analytical skills, strong written and oral communication abilities and an understanding of regulatory frameworks or equivalent professional experience. You’ll thrive in a fast-paced environment, balancing complex priorities and delivering impactful recommendations through effective project management.

Joining a team of talented and experienced professionals, you’ll benefit from a collaborative and inclusive culture that supports innovation and learning. With flexible working arrangements and hybrid working from central offices in London, Glasgow or Cardiff, Ofgem provides an environment that balances professional growth with a healthy work-life balance.

We have a critical purpose to enable the energy sector to achieve Net Zero while ensuring consumer protection. This is your chance to join a high-profile programme at a transformative moment for the energy industry, delivering meaningful outcomes for millions across the UK.

Job Description

The Low Carbon Regulated Asset Base (RAB) team consists of high-performing, collaborative, and flexible staff working on various exciting policy areas. Our work includes advising the Department for Energy Security and Net Zero (DESNZ) and His Majesty's Treasury (HMT) on regulatory and strategic issues, developing new financing approaches for large-scale energy investments, regulating new energy technologies and services, and creating policies crucial for meeting decarbonisation goals.

The team's current focus areas include Long Duration Energy Storage (LDES), carbon capture use and storage (CCUS), new nuclear investment, and hydrogen transport.

As part of a collaborative team of policy, finance, engineering, legal, and regulatory experts, new team members will manage aspects of the programmes.

Analyst (HEO/SEO/2a): We are recruiting two Analysts for policy implementation with an analytical, technical, or accounting focus on Long Duration Energy Storage (LDES). The LDES team is newly established following a government decision to appoint Ofgem to regulate a new cap and floor regime for LDES. The roles and the required analytical skills are similar. You will closely collaborate with other internal teams such as Regulatory Finance, Office for Research and Economics, and Legal, to design and implement new processes to improve policy development, implementation, and governance for our LDES cap and floor regime. We are looking for an independent thinker and a self-driven individual who can lead and deliver complex work areas effectively, and communicate actions and recommendations clearly and concisely.

You will report to the Head of LDES Delivery. The team leads the delivery of key regulatory assessments and decisions for approved LDES projects, designing a cap and floor regime, providing regulatory assurance and decision-making as projects move from development through to operation.

Person specification

Key Responsibilities

• Lead engagement with LDES project developers and stakeholders, including investors, through various regulatory stages (Project Assessment, financing, Post Construction Review, licensing, certification, operation).
• Deliver high-quality work on time through effective project management and support of multidisciplinary team members.
• Deliver high-quality, timely analysis of core issues and policy options, resulting in evidence-based recommendations.
• Lead analysis areas, providing knowledge and governance for effective decision-making and continuous improvement.
• Provide oral and written briefings to Major Projects and Ofgem’s boards and committees, working closely with policy, regulation finance, and legal colleagues.

Essential Criteria

• Excellent analytical skills, both quantitative and qualitative, with demonstrated ability to think critically, validate and analyse complex data, and to challenge and sense check results. (LEAD)
• Strong written and oral communication skills, with the ability to communicate technical information clearly and concisely and to work collaboratively to solve problems. (LEAD)
• Technical experience or knowledge of ex-ante price control approaches used by regulators to determine the capital and operating costs for regulated assets, or equivalent professional experience
• Excellent project management skills and ability to use these to successfully deliver work in challenging timescales
• Policy skills – policy analysis and writing skills with demonstrable application of those skills to policy development, consultation, decision-making processes and implementation

Desirable Criteria

• Experience or understanding of regulation, such as price controls (not limited to), or public sector policy development.