Ofgem
Senior Economist
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Job Summary
At the forefront of the fight to ensure Britain’s energy markets remain competitive, fair and fit for a Net Zero future, Ofgem is shaping the economic frameworks that protect consumers and drive innovation. We’re looking for a Senior Economist to join us and apply advanced competition economics to high-profile market assessments, enforcement activity and strategic regulatory design.
Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers, especially vulnerable people.
We’re offering a permanent opportunity within our Strategy, Economics, Research and Net Zero Directorate, joining a respected and growing economics community at the heart of regulatory decision-making. You’ll work on complex, high-impact projects that shape market frameworks and influence how competition operates across the energy sector. As part of our Analysis Profession, you will also have the opportunity to contribute across directorates, supporting cross-organisation priorities and broadening your impact.
This is a role where your expertise will directly inform major policy and enforcement decisions, embedding rigorous economic thinking into our strategic direction. You’ll help shape market studies and competition cases, contribute to analytical best practice and strengthen our reputation as a leader in regulatory economics. Working collaboratively with policy, legal and other technical experts, you’ll ensure that economic analysis sits at the centre of robust, evidence-based regulation.
We’re looking for someone with a strong academic background in economics and practical experience applying economic analysis to real-world markets. You’ll bring the ability to design and deliver high-quality analysis, critically assess evidence and communicate complex insights clearly to varied audiences. You will also be confident building effective relationships and shaping debate across internal and external stakeholders.
In return, you’ll join an inclusive organisation that values analytical excellence and thoughtful challenge. You’ll benefit from hybrid working, a generous benefits package, and the opportunity to contribute to nationally significant work. As part of a strong professional community, you’ll collaborate with leading economists while helping to set the standard for regulatory best practice.
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We have a critical purpose to embed robust competition economics at the heart of energy market regulation, ensuring markets work effectively for consumers while supporting the transition to Net Zero. In this role, you will help safeguard fair competition, strengthen market design and ensure economic evidence underpins the decisions that shape Britain’s energy future.
Key Responsibilities
- Undertake robust quantitative and qualitative analysis informing sound advice on key policy decisions.
- Assess the reliability of evidence, including that gathered by more junior team members 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 analysis.
- Ensure effective project planning and timely delivery of outputs.
- Constructive working relationships established with internal and external stakeholders.
- Work collaboratively across team boundaries.
Key Outputs and Deliverables
- Application of technical expertise in competition economics to carry out market studies, competition enforcement cases and provide robust recommendations.
- Provision of expertise to individuals and projects to ensure that competition economics considerations are applied appropriately and effectively, providing guidance and support staff to consider new and innovative methods.
- Responsible for planning and managing the delivery of the economic analysis on projects or workstreams. Provide a detailed specification of the economic analysis to be undertaken and agree timetables for delivery. Monitor progress and review the work plan as the case develops; and ensure that the economic analysis is delivered on time.
- 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
- Qualifications: Post-graduate degree or undergraduate degree in economics. (Lead Criteria)
- Experience: Practical work experience in the economic analysis of markets, preferably with some direct exposure to competition assessment. (Lead Criteria)
- Analytical skills: Experience of the design, development, management and timely delivery of economic analysis.
- Evidence synthesis and communication: Ability to distil complex subject matter into relevant messages for different audiences – both orally and in writing, combined with excellent drafting skills.
- Stakeholder engagement: Skilled at developing strategic relationships and working collaboratively across a range of internal and external stakeholders at all levels to shape the debate.
Qualifications
- Post-graduate degree or undergraduate degree in economics.
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.
- 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.
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