Ofgem
Senior Economist
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Job summary
Ofgem is Great Britain’s independent energy regulator. We are working to create a fairer, more resilient and more competitive energy market, helping combat the challenges facing consumers while shaping the policies that will power the transition to Net Zero. We’re looking for Senior Economists to join us and provide the analytical expertise that will influence major regulatory decisions across Great Britain's energy sector.
We’re offering four permanent opportunities to join our newly established Markets Cluster, where you'll be providing economic expertise to priority projects across the Markets Group, to help deliver our vision and strategy for energy markets.
You'll collaborate with other economists, policy professionals, legal advisers and senior leaders across Ofgem, applying economic insight to complex regulatory questions and helping shape responses to rapidly evolving market conditions. These roles offer significant variety, giving you the chance to contribute to major regulatory projects while helping build the capability and reputation of a new analytical team supporting the Markets Group.
We're looking for individuals with strong economic and analytical expertise, excellent project delivery skills and the ability to translate complex evidence into clear, practical insights. You'll be an effective communicator who builds collaborative relationships, works confidently across multidisciplinary teams and enjoys solving complex problems.
In return, you'll join an inclusive and collaborative organisation where your expertise will help shape decisions affecting households across the country. Alongside flexible working, an excellent pension and generous annual leave, you'll work with experts from across policy, regulation, law and economics while contributing to work that delivers meaningful benefits for consumers and the wider energy sector. Join us in supporting fair competition, protecting consumers and enabling a secure, affordable and sustainable transition to Net Zero.
Job description
Key Responsibilities
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- Undertake robust quantitative and qualitative analysis informing sound advice on key policy decisions.
- Assess the reliability of evidence and give objective advice.
- Provide clear and concise drafting for external and internal audiences, including contributions to briefings, internal decision documents, and consultations. Ensure robust project management and quality assurance processes are in place to deliver high-quality and timely behavioural science and research outputs.
- Ensure effective project planning and timely delivery of outputs.
- Constructive working relationships established with internal and external stakeholders.
- Work collaboratively across team boundaries.
- Contribute to building the team’s capability and reputation, for example through knowledge sharing, building strong relationships with stakeholders across Ofgem, or providing input into colleagues’ projects.
Key Outputs and Deliverables
- Provide expert economic advice and analysis in support of regulatory and policy issues across the Markets Group, helping senior leaders to understand market developments and ensuring that policy decisions are underpinned by high-quality evidence.
- Embed economic analysis in Ofgem’s policy and decision-making processes, working effectively with other analytical and policy functions.
- Ensure that the economic analysis is delivered to a high standard.
- Critically assess and interpret the evidence available and the weight that can be attached to it; identify economic risks and propose mitigations for them. Present the analysis clearly and accurately both orally and in writing.
- Work in close partnership with the other technical experts to ensure a coherent work programme that supports delivery of stronger analytical best practice, standards and building of expertise.
- Represent Ofgem at external events, conferences etc to showcase Ofgem’s work in this area and help shape the debate on regulatory economics to help increase our reputation as a leader in the field.
- Contributing to other strategic and reactive work undertaken by the team as it arises.
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Person specification
Essential Criteria
- Post-graduate degree or undergraduate degree in economics.
- Practical work experience in the economic analysis of markets or quantitative economics.
- Ability to distil complex subject matter into relevant messages for different audiences – both orally and in writing, combined with excellent drafting skills.
- Experience of the design, development, management and timely delivery of economic analysis.
- Skilled at developing strategic relationships and working collaboratively across a range of internal and external stakeholders at all levels to shape the debate.
More information about the role and the application process can be found in the attached candidate pack.
We would be delighted to invite you to attend an open event on 22nd July 2026 at 12:50 to learn more about this vacancy. Please register for a ticket using the following link: https://buytickets.at/ofgem/2306491
Benefits
Alongside your salary of £47,895 - £58,518 (National), OFGEM contributes £13,875 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).
Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.
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