Regulatory Economist

About us

National Grid is at the heart of the UK energy network keeping people connected and society moving. We develop, own and maintain the physical infrastructure, such as pylons and cables needed to move the electricity generated from windfarms and power sources around the country. Every time a phone is plugged in, or a switch is turned on, we’ve played a part, connecting you to the electricity you need - and we’re leading the transformation towards a greener future, dreaming bigger to bring a more affordable energy future to everyone.

But it’s our people that provide our true superpower. They drive and sustain our growth, their unique differences only making us stronger. But it’s no small feat – and we need the best to join us in our mission. So, join us and power the future of energy.

About the role

We’re National Grid Electricity Distribution (NGED), the owner and operator behind the electricity distribution systems for the Midlands, the Southwest of England and South Wales. Serving communities of more than 8 million people, our expert teams deliver heat, light and power for homes and businesses.

Working today in regulation in the UK energy sector comes at an important time as we transition towards Net Zero. At NGED, we work with the regulator (Ofgem) to secure the best regulatory package to deliver these commitments. This means balancing our business need for the necessary funding to invest in the infrastructure to achieve Net Zero targets, with keeping bills affordable for our customers. We also need to ensure we comply with all aspects of our Licence and statutory obligations.

NGED has an important task of keeping the lights on for 8 million customers across the South-West, South-Wales and the East- and West-Midlands. You will work within the NGED Regulation team to ensure the wider business understand and comply with our Licence and statutory obligations, to ensure NGED is on track to deliver against the RIIO-ED2 regulatory package, and support us as we prepare for our next price control period, RIIO-ED3.

Reporting to the Regulation & Compliance Manager, the Regulatory Analyst will work within various parts of the NGED Regulation team to gain an understanding of the role of the Regulation team within National Grid and how we add value to delivering core NGED business values and objectives

As part of your internship, you will develop and become competent in aspects of the below throughout your placement (depending on deliverables during this period):

Working with the Regulatory Compliance team to monitor compliance with the Licence and communicating changes to the business

Supporting input to regulatory consultations, co-ordinating with internal teams where required; and managing the response process

Supporting production of RIIO-ED2 re-opener submissions

Supporting production of reporting to Ofgem, including RRP (regulatory reporting packs) and PCD (price control deliverables) reporting, and ensuring all reports are submitted to Ofgem as required.

Supporting in the preparation of messaging and presentation materials for meetings with Ofgem

Working with the ED3 Regulation team on development of the ED3 price control; this could involve data analysis, or co-ordinating inputs from across the business.

10,000 Black Interns

We're offering a 8-week summer internship in collaboration with 10K Black Interns to give you an opportunity to kickstart your career within the energy sector and discover your unique superpower. The internship structure provides you with key exposures and experiences depending on workstream. As well as direct Line Management support, interns are matched with a Mentor within the NGED business. Throughout your internship, you’ll also receive tailored training to support your growth and development. This also includes a combination of in-person and virtual training sessions led by our development team, as well as access to a range digital learning tools to help further enhance your skills.

Throughout your placement you’ll have opportunity to make connections amongst your cohort as well as regular check ins with a mentor and our Early Careers Team. Day-to-day, your placement manager will provide you access to a variety of on-the-job opportunities where you’ll take on real assignments and projects to make a genuine impact within your respective function. By the end of your placement, you’ll have developed your understanding of our business and the energy sector for your future career.

What you'll need to apply

There are no specific degree requirements for the role and we welcome applications from other backgrounds. We just need you to be eager to apply your knowledge in a real-world setting.

Location

This role is based in Castle Donnington within our Pegasus office: Herald Way, Pegasus Business Park, Castle Donington, DE74 2TU

What you'll get in return

As a first step to your career in the energy industry, our Summer Internship programmes are like no other. You’ll gain an insight into how we work at National Grid, providing you with a taster of the opportunities that await you. In addition, you’ll also receive some great rewards and benefits:

Starting salary of £24,109 (pro-rata)

26 days holiday (pro-rata)

A chance to land a place on our Graduate Programme subject to your performance during your placement.

3 days development training, volunteering opportunities, close mentorship and regular feedback

You’ll gain more than just experience. We believe in nurturing talent and recognising exceptional performance. If you excel during your placement, you may receive an offer to join our Graduate Programme after you successfully complete your degree.

Application & Deadline

Deadline for applications is the 6th November. We kindly ask that you review all our opportunities and apply for the one that aligns closest with your aspirations and interests.

Assessment centres will be held 28th November 2024 & 2nd December 2024 in Taunton, Somerset.

At National Grid, it’s our people that provide our true superpower. They drive and sustain our growth, their unique differences only making us stronger, so we pride ourselves on placing diversity, equity and inclusion at the heart of who we are and what we do and are committed to building a workforce of the future which represents the communities we serve.

We welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office where and when needed.

All our offers are based on the right to work in the UK, qualifications, the innovation from creating diverse teams and perspectives, as well as business need.