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2026_AE Grad Scheme JD - OFGEM

Ofgem

Government office

Role Profile

Role details

Role Title	Assistant Economist
Band	Level 2A
Division and Directorate	Office of Research and Economics (ORE)
Location	London, Cardiff, Glasgow
Number of positions & contract types	1
Salary	National: £34,123; London: £36,824

Purpose

As an Economist at Ofgem, you will apply robust economic thinking to help shape decisions that support a fair, affordable and sustainable energy system. You will contribute to the assessment of policy options, regulatory design choices, market issues, and the performance of the gas and electricity sectors. Your work will provide clear and evidence‑based insights that inform Ofgem’s statutory duties: protecting consumers, promoting effective competition, enabling decarbonisation, and supporting system resilience.

You will work as part of multi‑disciplinary teams, working closely with policy, engineering, legal, digital and data colleagues. You will help design and deliver analysis that stands up to internal scrutiny and external challenge, including by Government, industry and consumer bodies. You will regularly translate technical insights into simple, accessible messages to support senior decision‑makers and ensure that high‑quality economic reasoning shapes regulatory outcomes.

This role is designed to stretch and develop economists at an early career stage. You will deepen your understanding of regulatory economics, energy markets and applied microeconomics, while also building capabilities in impact assessment, model review, competition analysis and quantitative methods. You will have access to Ofgem’s Analysis Profession, helping you grow professionally and contribute to an expert economics function.

Key Responsibilities

Provide advice with regards to appraisal, impact assessments, policy analysis and evaluation.

Undertake analysis of qualitative or quantitative data for the purposes of producing evidence for policy advice.

Assess the reliability and relevance of evidence and give objective advice.

Review economic models, challenge input data and assumptions, and interpret output data.

Ensure that all assumptions are transparently presented with results and that key risks and sensitivities are assessed.

Contribute to producing both internal and external documents specifically presenting or communicating analysis in ways which non-economists can readily understand.

Key Outputs and Deliverables

Well‑structured analysis to support policy appraisal, option development and evaluation

Contributions to impact assessments and regulatory decisions (e.g. licence changes, price controls, consumer protection measures)

Clear written briefings, slide decks, analytical notes and consultation content for non‑technical audiences

Quality assurance of data, assumptions, modelling inputs and outputs

Economic insight to support senior colleagues in internal steering groups, governance boards or external stakeholder events

Contributions to cross‑Ofgem analytical groups and the broader Ofgem economics community of practice

Key Stakeholder Relationships

Internal

Colleagues in ORE including senior managers and SCS

Policy colleagues across the organisation

External

Government stakeholders including DESNZ and HMT

Energy industry participants including electricity and gas network companies, generators, suppliers, flexibility providers and emerging low‑carbon technology firms

Consumer and citizen-interest bodies such as Citizens Advice, Vulnerability groups, Ombudsman Services

Role Criteria

Essential

A degree in economics, or equivalent qualification/expertise.

Good analytical skills, both quantitative and qualitative.

Proven ability to apply economic concepts to policy appraisal and evaluation using a broad range of techniques.

Proven ability to communicate economics and analysis in writing and verbally to a variety of audiences, incl non-economists

Intermediate or advanced Microsoft Office skills, eg Word, Excel, Power Point.

Desirable

Familiarity with statistical programmes and programming languages, eg R, Stata (desirable).

Knowledge of regulatory economics, econometrics / statistics (desirable).

Experience or a working knowledge of the GB electricity and gas markets (desirable).