2018 Commercial Graduate Programme - Energy Market Analyst - Smart Grid Development

Salary: 
 £32,322 per annum
Closing date: 
Sunday, March 11, 2018 - 00:00
Employer: 
UK Power Networks
Type: 
Graduate

Position

2018 Commercial Graduate Programme - Energy Market Analyst - Smart Grid Development

Location

London, Newington House

Department

Smart Grid Development

Reference Number

38122

Employment Period

Permanent

Contract Type

Collective

CIP Level

5%

Salary

 £32,322 per annum

Closing Date Sunday 11th March 2018
Interview Date Early April 2018

 
   

Job Purpose

The succesful applicant will be part of the Smart Grid Development team which is responsible for developing and implementing the business strategies required for enabling a smarter, flexible, active distribution system.

The jobholder will support the development and implementation of commercial strategies, flexibility services (agreements with demand side response and flexible generation assets) and market frameworks required to operate an active Distribution Network and deliver benefits to UK Power Networks and its customers.

Principal Accountabilities:

  • Assist the Energy Markets Lead in developing the UK Power Networks flexibility markets
  • Design and develop commercial products, services, and procurement mechanisms to enable Distribution System Operator access to flexibility
  • Produce tender and legal documentation, supporting bidders, valuation of tenders, and managing contracts
  • Work with internal stakeholders to develop enabling technology solutions and market platforms
  • Develop market analytics capabilities such as market forecasting, models, and reporting
  • Engage and build relationships with internal and external stakeholders
  • Support innovation projects in the areas of local energy markets and peer to peer energy trading

Nature and Scope

The way electricity is consumed and generated is significantly changing. Government policy has led an unprecedented growth in renewable energy installations such as wind farms and solar panels over the last few years (over 3GW connected onto UKPN €™s network in the last four years).  Electricity storage technology is advancing and we expect it to play a major role in the years to come.  Electric vehicles prices are reducing and supported by their environmental benefits have the potential to take over London €™s streets.  Smart meters are being rolled out and will be in every household in the UK by 2020.  Our networks are already transforming into platforms that can allow the distributed energy resources such as renewable generation, electricity storage and electric vehicles to consume, export and trade electricity whilst maintaining affordable and reliable electricity supplies.

In this changing environment, the Smart Grid Development department has been created within the Asset Management function to accelerate the deployment of innovative technical and commercial solutions that can provide benefits both to customers by providing affordable access and the shareholder through enhancing customer / market reputation, exploring commercial opportunities and delivering the smart grid benefits.  In addition, it will drive the development of the organisation capabilities that are required for transition to the role of Distribution System Operator.

Flexibility is a mechanism to change generation and consumption to bring benefits to the system, and currently it is used to defer reinforcements and allow generation customers to connect quickly and cheaply into congested areas. The area of flexibility is fast evolving and so the jobholder will be in a unique position to contribute to the development of commercial and market frameworks for flexibility. Whilst this is focused on distribution level markets, there are wide ranging implications on the energy supply chain as a whole and the individual will need to be able to appreciate the interactions with the energy, capacity, and ancillary services markets. The individual will need to engage with external parties to develop new solutions, work internally and cross-directorate with engineers, procurement, and legal amongst others to develop and implement new commercial solutions.

Skills, Qualifications and Experience

Training will be provided, in addition to:

  • Minimum of a 2.1 degree classification in a numerical discipline (such as Economics, Finance, Mathematics) or closely related subject or Electrical Engineering or a closely related subject.
  • Good understanding of energy market fundamentals and regulatory frameworks;
  • Strong numerical, analytical and commercial skills;
  • Strong proficiency IT proficiency including advanced use of MS Excel;

The successful candidate should possess the following qualities:

  • Safety and environmental awareness;
  • Self-motivation.
  • Ability to work efficiently with individuals from various disciplines while maintaining focus on the end objectives.
  • Ability to multi-task in an ever-changing environment and prioritise effectively;
  • Good negotiating, analytical and problem solving skills;
  • Willingness to learn and adjust in a complex and fast moving environment,
  • Good team working skills;
  • Good report writing skills - conveying complex issues simple on paper.
  • Strong interpersonal skills and an ability to communicate clearly and confidently at all levels of the organisation including presenting technical and financial arguments to internal and external audiences;
  • Be proactive and look for innovation and continuous improvement opportunities;

The Graduate Programme

Year 1: The programme begins with an eight-week induction during which time you will gain an in depth insight into our business and will also receive training in additional areas such as finance, accounting and successful negotiation.

You will also attend some engineering specific courses to introduce you to the technical aspects of our industry.

Throughout your first year you will have a home base location which for this role will be our Newington House office which is near the Elephant and Castle rail and tube station. You will divide your time during this year between your home base and shorter rotational placements in other business areas across the network.

Year 2: In your second year, you €™ll then be placed into your first supported role in the business. During this time, you will receive all of the mentoring and support you need to ensure you succeed. You will gain valuable work experience  €“ not to mention the opportunities you need to gain the professional qualifications to become a future leader in your field.

At the end of the two years, you will then have the choice to continue working in your home base location and business area or at another location. Our graduate career progression policy will ensure that you continue to be supported in your professional development.

Over the course of the programme, you €™ll be reviewed on a quarterly basis to monitor your progress and development. You will also have access to exciting opportunities such as attending external industry conferences and site visits.

If you share our values, want to play a role influencing the energy industry €™s future and want to join a critical sector at a critical time of change then we believe our unique combination of classroom training, hands €on work and real life experience as well as competitive benefits will get your career with us off to a flying start!  

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

Employees are responsible for ensuring they fully understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and particularly where there are legal requirements, employees are responsible for understanding those impacts and the controls they must ensure are applied.

If in doubt ask!

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