Senior Economist

Ofgem’s price cap protects around 22 million energy customers from unfair prices. We’re looking for a Senior Economist to bring their expertise to this high-profile area of work and help ensure that protection continues to work for consumers as the energy market changes.

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.

This is a permanent opportunity to use your expertise to make a real difference to millions of people across Great Britain. Working in an area that directly affects household finances, you’ll contribute to fairer outcomes for individual consumers whilst helping ensure the energy market works effectively for the public.

You’ll shape analytical work and influence significant policy decisions across economics, competition analysis and financial evidence, working alongside specialists on some of the most important questions facing the retail energy market.

What’s more, you’ll have the chance to strengthen your leadership experience, leading key areas of work, setting direction for junior colleagues and bringing together policy, analytical and legal expertise from across Ofgem.

So, what will you bring to the role? You’ll be an experienced economist or analyst with strong quantitative skills and demonstrable experience of complex analysis and modelling, including applying economics, competition analysis and financial analysis to relevant markets. You’ll have proven policy development and writing skills, excellent communication and stakeholder management capabilities, and experience of shaping and leading analytical work programmes and major projects to fixed deadlines.

In return, you’ll be enabled to stretch yourself tackling complex challenges and broaden your experience across high-profile analytical and policy work. Within our inclusive and diverse environment, you’ll also discover a market-leading rewards package, alongside plenty of professional development opportunities that will allow you to continue your trajectory on your career path.

We have a critical purpose to protect energy consumers, and ensuring people pay a fair price for their energy is central to that mission. Join us and use your economic expertise to help shape effective price protection as the energy market continues to change.

Read on and find out more

Key Responsibilities:

• Developing and evidencing changes to price cap policy;
• Ensuring policy recommendations are based on robust and quality assured economic analysis;
• Communicating policy proposals to internal and external stakeholders;
• Coordinating / managing a team of policy analysts to ensure the completion of team deliverables on time;
• Identify interdependencies and working collaboratively with other experts across Ofgem. Engaging with other policy teams and legal advisors.

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Ability and Experience.

When you press the ‘Apply now’ button, you will be directed to a Civil Service test – guidance for this can be found here Civil Service online tests - GOV.UK (www.gov.uk)The test you are due to take is not timed and you can complete it at your own pace. Upon passing the tests, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.

You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.

The Civil Service values honesty and integrity and expects all candidates to abide by these principles. You must ensure that any evidence submitted as part of your application or used during interview, including your CV and any statements or examples, are truthful and factually accurate. Ofgem takes any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process. Please note that plagiarism can include presenting the ideas and experiences of others, or generated by artificial intelligence, as your own.

Please refer to Civil Service candidate advice on the acceptable use of artificial intelligence within the recruitment and selection process - Artificial intelligence and recruitment , Civil Service Careers

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [ https://www.cifas.org.uk/fpn].

Feedback will only be provided if you attend an interview or assessment.