Job Function: Legal, Regulatory and Compliance
Join us and help share clean energy between GB and the Netherlands.
National Grid Interconnectors is at the forefront of delivering low carbon electricity between Great Britain and Europe. We provide the infrastructure and the market arrangements to move power to where it is most needed, providing security of supply for the countries that we connect.
As a Senior Regulatory Analyst, within the BritNed Commercial Operations team, you'll form the interface between the regulatory side of our business and the operational implementation side.
You'll attend ongoing regulatory discussions with all relevant stakeholders (regulators, TSOs, market participants, etc.) and help to shape the regulatory framework by giving inputs from a commercial and operational point of view.
As part of the role, you'll ensure the correct translation of regulatory requirements and their implementation into the operational business processes. Therefore you'll attend relevant regulatory market framework working groups and will lead/participate in process and system implementation projects.
This role is based from Warwick, and you can enjoy our hybrid working from office and home. The role will involve regular travel throughout GB and Europe, and will include providing out-of-hours/on-call support.
Key accountabilities
Lead from a commercial perspective on all ongoing external regulatory discussions (Brexit TCA discussions, market framework topics, Single GB price creation, etc.) based on an in-depth understanding of our commercial operational setup and the wider EU and GB market frameworks. Work with stakeholders to identify regulatory challenges and possible improvements to define the required changes and requirements to implement them. Ensure that interconnectors operate in line with compliance requirements (e.g. applicable legislation, I/C licenses, Access Rules, GB codes etc.). Lead on regular regulatory processes such as Access Rules drafting from a commercial perspective. Develop business processes/procedures and lead implementation projects for regulatory implementations into BritNed’s wider operational business setup. Be part of the commercial response team that gets involved in the event that the interconnector fails to limit financial exposures. About you
We’re looking for someone who has: Knowledge about energy market regulation in GB and the EU. An understanding of imbalance pricing, electricity trading, ancillary services, electricity market contractual frameworks and stakeholders. Excellent verbal and written communication skills, particularly the ability to summarise complex processes and circumstances, weighing up all of the relevant factors and giving recommendations. An analytical mindset and the ability to translate legal requirements into operational processes to ensure compliance. Ability to self-motivate and take the lead in the delivery of complex negotiations and solutions. Experience within an energy market-related organisation or authority is an advantage. Master's or bachelor’s degree in the field of economics, engineering, politics or similar. If you’re excited about this role but your experience doesn’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one. What you'll get
A competitive salary between £52,000 - £67,000 – dependent on capability. As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few. About us
National Grid Ventures’ portfolio of electricity interconnectors allow zero-carbon electricity to flow efficiently between markets. They provide valuable flexibility for countries to import or export clean energy over long distances via sub-sea and land cables, strengthening security of supply and supporting affordability for consumers. BritNed is an independent joint venture with TenneT, connecting GB and the Netherlands since 2011 - with enough capacity to power 1 million homes. More information
This role
closes on 6 January 2025 at 23:59 , however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
Interviews to be held mid-end January. At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation and welcome and encourage applicants with diverse experiences and backgrounds. We are committed to building a workforce that represents the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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Lead from a commercial perspective on all ongoing external regulatory discussions (Brexit TCA discussions, market framework topics, Single GB price creation, etc.) based on an in-depth understanding of our commercial operational setup and the wider EU and GB market frameworks. Work with stakeholders to identify regulatory challenges and possible improvements to define the required changes and requirements to implement them. Ensure that interconnectors operate in line with compliance requirements (e.g. applicable legislation, I/C licenses, Access Rules, GB codes etc.). Lead on regular regulatory processes such as Access Rules drafting from a commercial perspective. Develop business processes/procedures and lead implementation projects for regulatory implementations into BritNed’s wider operational business setup. Be part of the commercial response team that gets involved in the event that the interconnector fails to limit financial exposures. About you
We’re looking for someone who has: Knowledge about energy market regulation in GB and the EU. An understanding of imbalance pricing, electricity trading, ancillary services, electricity market contractual frameworks and stakeholders. Excellent verbal and written communication skills, particularly the ability to summarise complex processes and circumstances, weighing up all of the relevant factors and giving recommendations. An analytical mindset and the ability to translate legal requirements into operational processes to ensure compliance. Ability to self-motivate and take the lead in the delivery of complex negotiations and solutions. Experience within an energy market-related organisation or authority is an advantage. Master's or bachelor’s degree in the field of economics, engineering, politics or similar. If you’re excited about this role but your experience doesn’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one. What you'll get
A competitive salary between £52,000 - £67,000 – dependent on capability. As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few. About us
National Grid Ventures’ portfolio of electricity interconnectors allow zero-carbon electricity to flow efficiently between markets. They provide valuable flexibility for countries to import or export clean energy over long distances via sub-sea and land cables, strengthening security of supply and supporting affordability for consumers. BritNed is an independent joint venture with TenneT, connecting GB and the Netherlands since 2011 - with enough capacity to power 1 million homes. More information
This role
closes on 6 January 2025 at 23:59 , however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.
Interviews to be held mid-end January. At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation and welcome and encourage applicants with diverse experiences and backgrounds. We are committed to building a workforce that represents the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
#J-18808-Ljbffr
