Regulatory and Commercial Economics Manager

Job Description

Leading regulatory submissions to enable SP Transmission to meet the government’s Clean Power 2030 and Net Zero targets - enabling success by leading an expert team to manage all major project submissions to the regulator Ofgem including regulatory mechanisms and cost inputs considering industry benchmarking. This includes joint ventures with other TOs requiring working in partnership through close co-ordination and engagement. Leading the identification of relevant commercial impacts of regulatory risks and opportunities for SP Transmission across the major project portfolio, working with major projects teams to lead regulatory solutions Leading on the development of all SPT’s major projects regulatory portfolio investments of c.a. £1.5bn per annum , including supporting the business to interpret and communicate complex policies and guidance into clear lobbying or messaging. This includes supporting ad hoc initiatives. Leading regulatory and strategic engagement with internal project teams, the regulator and working with the government affairs team to support targeted engagement with the government Manage a specialist team of analysts to support project teams in regulatory submissions

What you’ll be doing

• Leading an expert team of analysts who will provide direct support to the SP Transmission Project teams and across joint ventures with other TOs on associated regulatory submissions.
• Managing a portfolio of regulatory submissions of over £1.5 bn annual strategic investment across SPT, providing regulatory solutions to commercial and delivery opportunities and challenges
• Leading the interpretation of complex regulatory issues to deliver in-depth analysis on the potential financial or operational impact on SP Transmission, alongside mitigation proposals.
• Proactively providing lobbying/messaging within Transmission Network Planning and Regulation Team for internal and external audiences
• Leading all major projects-related engagements with Ofgem and developing our major projects policy positions, for example mitigating the regulatory impact of project delays.
• Supporting all internal briefings on transmission major project matters by providing all economic and regulatory inputs to SPT’s Head of Regulation and Policy.
• Leading the development of major project inputs into related responses to transmission consultations from Government and Ofgem, working with relevant business contacts to provide technical/ specialist input where needed.
• Leading the facilitation of all major projects’ economics related external interactions with Ofgem and other strategic stakeholders.
• Leading the development of economics led calculators to support the wider SPEN business with current strategic major project commercial initiatives.

What you’ll bring

• Economics qualification and experience
• Self-motivated and driven individual competent at managing own workload with limited supervision.
• Ability to influence and collaborate at a senior level across SPEN and the wider industry.
• Experience of engaging with stakeholders and regulators in a regulated environment;
• Advanced Microsoft Office, Excel, PowerPoint and Word Skills (all packages)
• Excellent written and oral communication skills, including the abilities to influence and persuade effectively
• A track record of delivery, ideally in a relevant area of activity

Minimum Requirements

• Commercial and/ or regulatory experience essential
• Economics qualification and related experience desirable

What’s in it for you

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.

At ScottishPower, we believe it’s the little things we do in life that make a big difference. From helping you look after your family’s wellbeing, save for your future and take personal steps for climate action – our benefits are designed to help you do just that - so that you have everything you need to take care of your world – today and tomorrow.

That’s why our benefits include:

• 36 days annual leave
• Holiday Purchase – perfect your work/life balance with extra annual leave
• Share Schemes
• Payroll Giving and Charity Matched Funding
• Technology Vouchers – save more and spread the cost of your technology purchases
• Electric Vehicle Schemes – to help you transition to green/clean driving
• Cycle to Work scheme and Public Transport Season Ticket Loans
• Healthcare benefit options including: Dental Insurance, Private Medical Insurance, Health Cash Plan and annual Health Assessments
• Life Assurance (4x salary)
• Access to Savesmart financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks

SP Energy Networks is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England. We operate over 4000km of cables and lines that make-up the transmission network – connecting infrastructure like wind farms into the electricity system. It’s a role that puts us right at the heart of Scotland’s ambition to be Net Zero by 2044. And we’re taking it very seriously.

We’re investing >£5.5 billion into our transmission network, directly supporting the rapid growth needed in renewable energy. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.

Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in.

We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to [email protected].

Mobility

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.