Senior Economist (Markets)

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

• 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.

Person specification

Essential Criteria

• Post-graduate degree or undergraduate degree in economics. [LEAD]
• Practical work experience in the economic analysis of markets or quantitative economics. [LEAD]
• 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

Qualifications

Post-graduate degree or undergraduate degree in economics.

Behaviours

We'll assess you against these behaviours during the selection process:

• Communicating and Influencing
• Making Effective Decisions
• Delivering at Pace
• Working Together

Technical skills

We'll assess you against these technical skills during the selection process:

• Please note that, as part of the interview process, you will be asked to complete a written assessment on the day alongside your interview. The assessment is designed to test your technical skills and capabilities.

Benefits

Alongside your salary of £47,895, 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.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.

When you press the ‘Apply now’ button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.

You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential and desirable criteria listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.

Please note that these are in-person interviews at one of our three offices.

The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [https://www.cifas.org.uk/fpn].

At Ofgem, we expect our staff to carry out their roles with honesty, fairness and openness. They should follow the Civil Service code and be free from any influence or bias. We are committed to making sure interests are recognised, declared and managed appropriately so that we can fulfil our duties as an energy regulator. Our Conflicts of Interest policy outlines the types of interests Ofgem staff must declare before onboarding, and the rules they must follow throughout employment so that we can clearly demonstrate that our decisions are not influenced by private interests.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Sandra Segal
• Email : recruitment@ofgem.gov.uk

Recruitment team

• Email : recruitment@ofgem.gov.uk

Further information

Appointment to the Civil Service is governed by the Civil Service Commission’s Recruitment Principles. You have the right to complain if you feel there has been a breach of these Recruitment Principles.

In the first instance, you should raise the matter directly via recruitment@ofgem.gov.uk. If you are not satisfied with the response, you may bring your complaint to the Commission. For further information on bringing a complaint to the Civil Service Commission, please visit their website.

Attachments

Senior Economist - Markets Role Profile Final Opens in new window (pdf, 168kB)Terms and Conditions April 2025 Opens in new window (pdf, 366kB)Senior Economist, Markets Candidate Pack 471071 Opens in new window (pdf, 729kB)