Power Market Analyst
- 550296
- Closing at: Sep 18 2024 at 23:55 BST
SSE has big ambitions to be a leading energy company in a low carbon world. Following our commitment to invest £20.5 billion in low carbon projects to 2027, we have significant growth plans and are well on our way to achieving our ambition to build a world that's more sustainable and inclusive for you, your family, the community you live in and for generations to come. We are proud to be playing a crucial role in the net zero transition, ensuring we have the energy supplies required to meet the needs of our customers; procuring the fuel required by the generation plants and selling the power output from our renewable and low-carbon thermal assets.
Join us on our journey to net zero, and help us power change.
About the Role
Base Location: Perth, Edinburgh or Glasgow – this is a hybrid role working a minimum of two days a week from the office.
Salary: £40,600 - £61,000 + performance-related bonus + a range of benefits to support your finances, wellbeing and family.
Working Pattern: Permanent | Full Time | Flexible First options available
The Energy Economics team answers some of the most challenging commercial questions regarding energy markets as they stand today, as well as forecasting and influencing industry change to support SSE Group's role in a Net Zero carbon future. Our work spans a wide range of markets and businesses and feeds into both UK and international projects, current and future. It incorporates both power and gas, renewables and thermal, generation and supply and assets large and small.
Our team combines this broad experience with diverse expertise of economics, regulation, and market insights, built on a foundation of economic modelling, forecasting and data analytics. These are brought together in the services we provide which include long-term economic and price forecasts, cost and revenue projections, commercial and strategic recommendations, as well as advocacy for change across policy and regulation. Some of your key accountabilities as Power Market Analyst will include;
- Develop bottom-up forecasts using data analytics, economic assessment and commercial insight.
- Produce analysis to support advocacy regarding market policy and regulatory changes.
- Provide commercial advice for new generation project investments.
- Areas of responsibility will include imbalance costs, REGO value, PPA valuations, as well as other commercial, economic and regulatory issues as they arise.
What do I need?
To be considered for this role, we would love you to have:
- Experience of data analytics including sourcing, organising, and using data for economic and commercial analysis. Expert Excel user, and beneficial to have experience of tools such as Databricks, Power BI, and Python.
- Experience of building economic models and working with uncertainty to provide forecasts.
- Demonstrable commercial awareness with the ability to produce conclusions and recommendations.
- Ability to clearly communicate results and recommendations using a range of media.
- An understanding of electricity market economics, including power purchase agreements and imbalance costs would be advantageous.
About our Business
Energy Markets (EM) is the energy markets heart of the SSE Group, securing value for SSE's asset portfolios in wholesale energy markets as we move towards our vision of being a leading energy company in a net zero world. We play a critical role as the short-term energy market asset optimiser, and a long-term energy market adviser, for all SSE's Business Units (across SSE's Wind, Hydro, Low Carbon Thermal, Distributed Energy and Customer portfolios). This role for EM enables SSE to focus its investment in energy markets capabilities (including Trading, Risk Management, Energy Economics, Settlements and Advanced Analytics) in one centre of excellence, with these enhanced capabilities supporting value creation and decision making across the SSE Group.
What's in it for you?
We offer an excellent package with 34 days annual leave entitlement. Enhanced maternity/paternity leave, discounted healthcare, salary sacrifice car leasing and much more, view our full benefits package on our careers site.
As an equal opportunity employer we encourage diversity and are committed to creating an inclusive environment for all employees. We encourage applicants from all protected characteristics and commit to providing any reasonable adjustments you need during the application, assessment and upon joining SSE. Search for 'Inclusion & Diversity at SSE' to find out more.
What happens now?
All applications should be made online, and I'll be back in touch after the vacancy closing date to let you know the outcome.
If you would like to discuss any working flexibly requirements or adjustments you may require throughout the recruitment and selection process, please contact Lynsey at or on .
Before commencing your role with SSE, you'll need to complete our pre-employment screening process. This will consist of a criminality and credit check.
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