Regulatory Policy Analyst

  • Job Reference: 00002207-1
  • Date Posted: 23 December 2019
  • Employer: UK Power Networks
  • Location: Elephant & Castle, London
  • Salary: On Application
  • Bonus/Benefits: £39,000 – Plus benefits and bonus
  • Sector: Engineering & Technical
  • Job Type: Contract
  • Duration: Fixed Term Contract (18 – 24 months )
  • Work Hours: Full Time

Job Description

Position

Regulatory Policy Analyst

Reporting to

RIIO-ED2 CEG & Policy Manager

Function

Strategy & Regulation

Location

Newington House, 237 Southwark Bridge Road, London SE1.

Reference Number

47645

Employment Period

Fixed Term Contract (18 – 24 months )

Contract Type

Personal Contract

CiP Level / Bonus

5%

Starting Salary

£39,000 – Plus benefits and bonus

Closing Date

10/01/2020

 

All applications will be reviewed after the closing date

 

We also offer : 

Annual leave 25 days

Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)

Tenancy Loan Deposit scheme 

Tax efficient benefits: cycle to work scheme

Season ticket loan

Occupational Health support

Switched On – scheme providing discount on hundreds of retailers products.

Supplier discounts, such as O2, EE, Vauxhall cars, Universal tyres

Discounted access to sports and social clubs

Employee Assistance Programme.

 

JOB PURPOSE:

 

To help develop our strategy and RIIO-ED2 Business Plan, particularly on important issues such as, vulnerable customers, the health and condition of the network and customer preferences and priorities for the forthcoming price control period, RIIO-ED2. This will require collaborating with Ofgem, government and industry partners to demonstrate expertise, which will ensure UK Power Networks is well positioned to deliver for customers and partners in RIIO-ED2, and continuing to achieve high performance in the current RIIO-ED1 period.

 

DIMENSIONS:

 

UK Power Networks Regulated Asset Value (RAV): £6.2billion

Annual turnover: £1.5billion

Available annual incentives: £78million 

 

PRINCIPAL ACCOUNTABILITIES:

 

You will support the Regulation team by inputting and contributing to the following tasks: 

  • Policy and strategy related work that supports UK Power Networks’ vision, including:
  • Help develop the next price control framework and UK Power Networks’ RIIO-ED2 business plan
  • Assist with the co-ordination of regulatory engagement plans, ensuring that UK Power Networks has regular and meaningful interaction with Ofgem, BEIS, and main industry partners such as storage developers and aggregators
  • Aid with the management of returns to specific consultations, including the development of policy with the business experts and sign off of the responses to the consultations
  • Contribute to the drafting of our policy papers and responses to information requests
  • Produce material such as articles and briefing notes that align with our policy position and enhancing UK Power Networks’ reputation
  • Accompany the regulation team and present policy positions, effects and analysis to senior management
  • Lead UK Power Networks’ RIIO-ED2 Customer Research:
  • You will manage external consultants to provide a suite of customer research and engagement, both qualitative and quantitative, to help shape, guide and underpin UK Power Networks’ RIIO-ED2 Business Plan
  • Provide regular internal updates to the CEO, Executive Management Team and relevant senior managers on progress
  • You will engage with business leads to ensure all relevant material necessary to undertake the research is available promptly in a format agreed with the external consultants
  • Communicate the outputs from the research and engage with relevant business leads to make clear where refinements to UK Power Networks’ RIIO-ED2 Business Plan
  • Ensure close coordination of the CEG timetable with the wider RIIO-ED2 Business Plan timetable. This will require close and effective team-working with the RIIO-ED2 Business Project Manager
  • Provide specific analytical support in areas such as:
  • Ensuring UK Power Networks provides a high quality and reliable service to all network users and consumers, including those who are in vulnerable situations
  • Achieve a safe and reliable network that is efficient and responsive to change
  • Ensure the transition to a smart, flexible, low cost and low carbon energy system for all consumers and network users

 

NATURE AND SCOPE:

 

The role of the Regulation team in the Safety, Strategy & Support Services Directorate is to develop the regulatory strategy. This involves monitoring and reporting against regulatory obligations and achieving a fair regulatory settlement for UK Power Networks and its customers.

The Regulation team manage the following:

  • Positively influencing regulatory policy by engaging bodies such as Ofgem and BEIS. For example, this includes the management of responses to consultations by these bodies;
  • Manage the submission of all regulatory returns to Ofgem;
  • Identify regulatory compliance issues and the management of their resolution; and
  • Contribute to strategic projects to achieve the UK Power Networks’ vision of being an 'employer of choice', 'a respected corporate citizen' and 'sustainably cost efficient'.

 

SKILLS, QUALIFICATIONS AND EXPERIENCE:

 

  • Excellent interpersonal and presentational skills
  • Analytical and problem-solving skills also preferable as the role will include qualitative and quantitative elements
  • Successful involvement in advocacy related work that shows capacity to influence
  • Innovative and can bring new thinking to complex issues
  • Clear evidence of managing several projects concurrently and proactively taking forward pieces of work
  • Strong analytical and written skills are required to enable the ability to work across consultation and regulatory returns
  • The ability to work with all levels of the business adapting the level of detail and tone
  • A desire to want to understand more and ask questions to ensure data is correct and the answers being given are correct
  • Background in policy and regulation would be an advantage; most importantly can translate complex issues into accessible language
  • A degree in economics, accounting, engineering, or equivalent work experience

 

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

Employees will ensure they fully understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and particularly where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied. 

If in doubt ask

 

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.