Siemens Energy
Regulatory & Cost Efficiency Analyst
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A Snapshot of Your Day
As the demand for energy sector infrastructure is rapidly increasing, we are seeking a knowledgeable and proactive Regulatory & Cost Efficiency Analyst to support our Substations UK&I Business deliver a portfolio of complex High Voltage Substation and FACTS Projects.
The successful candidate will act as a conduit between the business, our Customers, our Joint Venture Partners and UK Transmission System Operators (TSOs), helping to demonstrate cost efficiency, regulatory compliance, and value for consumers under the Ofgem Framework.
This role is critical in supporting price-control obligations, evidence-based reporting, regulatory submissions and continuous improvement in the delivery of high-voltage substation projects across the UK.
How You’ll Make An Impact
- Interpret and report on relevant Ofgem regulatory requirements / guidance, pricing policy, licence conditions and consultation documents.
- Support TSOs in demonstrating efficiency, economic justification and value for money in line with regulatory expectations.
- Produce structured cost benefit analyses, variance assessments, benchmarking and regulatory justification summaries which aim to demonstrate cost effectiveness.
- Draft high-quality ‘demonstrating efficiency’ reports for internal leadership, TSOs and regulatory stakeholders.
- Provide responses to regulatory queries to the required deadlines.
- Support our operational teams with Customer Open Book Pricing Policies and associated KPIs. Act as our lead for OBP Audits during the tender and execution phases; providing timely evidence-based substantiation and the review & response to published Audit reports. Ensure that we provide transparency, whilst also protecting business critical commercially sensitive information.
- Provide support to our proposals team with the business response to pre-qualification questionnaires that relate to cost mitigation, cost efficiency, regulatory requirements, value engineering, value add and related topics.
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What You Bring
- A relevant bachelor’s degree or equivalent, with professional qualification.
- Strong understanding of Ofgem regulation obligations, reporting expectations, commercial drivers & incentives and price control governance. Awareness of energy policies and RIIO / ASTI frameworks within the UK energy sector.
- Experience working with, or alongside TSOs, DNOs, regulators, or major energy infrastructure organizations would be beneficial.
- Familiarity with high voltage substation design & construction would be beneficial.
- Excellent analytical skills with the ability to interpret financial and operational project data.
- Outstanding written communication skills, particularly in drafting well-structured regulatory or technical reports.
- Knowledge and competence in analyzing cost data, financial models, benchmarking, performance metrics, commercial trends and pricing & tax regulations.
- Background in finance, regulatory affairs, economics, engineering, or commercial management would be desirable.
- Experience contributing to Ofgem submissions or other regulatory bodies would be desirable.
- Demonstrable proficiency in IT, adoption of digital tools and presentation abilities.
- Strong problem-solving abilities and a commitment to high quality documentation and evidence-based decision making.
About The Team
This role sits within our Operational Excellence Department. You will report to our Operational Excellence Manager and will work closely with our Proposals, Finance, Engineering, Procurement, Commercial Sales, Legal and Project Management & Commercial execution teams, across our Customer Frameworks.
The role is based within our Newcastle-upon-Tyne office and will involve occasional business travel to our Customers, Stakeholders and Project Sites located within the UK.
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Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With +100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.
Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.
Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo
Our Commitment to Diversity
Lucky for us, we are not all the same. Through diversity, we generate power. We run on inclusion, and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character—no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences.
Rewards/Benefits
Here are examples of the rewards and benefits Siemens Energy offers:
- Opportunities to work with a global team
- Opportunities to work on and lead a variety of innovative projects
- Medical benefits
- Remote/Flexible work
- Time off/Paid holidays and parental leave
- Continual learning through the Learn@Siemens-Energy platform
- Access to a variety of employee resource groups
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