Spirit Energy
Regulated Asset Economist
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Morecambe Net Zero (MNZ)
Morecambe Net Zero (MNZ) is one of the UK’s most ambitious decarbonisation projects, transforming depleted gas fields in the East Irish Sea into a world-class carbon storage hub. By safely capturing, transporting, and permanently storing CO₂ from heavy industry, MNZ will play a vital role in helping the UK achieve its net zero targets while supporting thousands of skilled jobs across the country.
The Opportunity – Regulated Asset Economist
Location: Aberdeen
Duration: 1 year contract
Contract Type: PAYE
Day Rate: TBC
For your application to be progressed, please ensure you provide a PAYE day rate banding expectation. Please only apply if you have existing right to work in the UK. Please outline notice period/availability to start.
Key Responsibilities
- Develop and maintain economic models, including the MNZ T&S Regulated Asset Base economic model.
- Ensure models are aligned with policy and regulatory parameters and leverage deep insights to ensure Spirit Energy maximises the value from its proposed developments.
- Provide deterministic and probabilistic economic analysis to inform key project decisions.
- Provide decision quality subject matter expertise to help ensure key decisions are high quality and timely.
- Provide discounted and undiscounted unit cost analysis to benchmark Spirit Energy’s opportunities and aid the optimisation of opportunities.
- Responsible for ensuring models are accurate and auditable to build trust in investment analysis and propositions.
- Remain abreast of the evolving energy transition landscape, including technology, policy, regulatory framework, and investor sentiment to position Spirit Energy’s projects for success.
- Interpret changes and reflect in relevant models.
- Maintain a positive relationship with relevant regulators and commercial interfaces such as Ofgem and LCCC.
- Responsible for readying the organisation for future phases of economic regulation including negotiations, price controls, and audits.
- Communicate complex economic analysis clearly to senior leaders, regulators, and cross-functional stakeholders.
- Any other associated duties as reasonably required.
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About You
To be successful in this role, we are looking for:
- Advanced Excel-based financial and economic modelling and data analytics.
- Unit cost and Levelized Cost of Abatement (LCOA) analysis.
- Whole-life cost and net present value (NPV) analysis.
- Deep understanding of regulated asset frameworks including incentives, penalties, allowed return, WACC, financing, and risk parameter modelling.
- Degree in economics, finance, engineering, energy, or related discipline.
- Postgraduate qualifications and/or professional accreditation (e.g., CFA, chartered accountant) are advantageous.
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As we move towards first operations, we are building a diverse and forward-thinking workforce to deliver this critical infrastructure. If this feels like the right match, we’d love to hear from you.
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We are a truly pioneering energy transition company with a portfolio and ambitions that span the breadth of the energy transition. We’re continuing to break new ground, collaborating, and thinking differently. We’re proud of our heritage. With more than 30 years of production, we’re maximising the potential of our existing assets and substantial gas reserves in the UK and Netherlands. Above all, we live by our commitment to safety in everything we do. Our portfolio is predominantly gas (96%), providing vital, primary energy to fuel our homes and businesses in the UK and Europe.
Our strategy is focused on:
- Safely delivering production from our existing assets;
- Meeting and de-risking our decommissioning obligations;
- Exploring strategic energy transition opportunities from our existing assets.
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