Opportunities within Economic Advisory - Power and Utilities - Open to flexibility

London (Greater)
04 Oct 2016
04 Nov 2016
Contract Type

Opportunities within Economic Advisory - Power and Utilities - Open to flexibility

Power and Utilities

Summary of role

Ernst and Young's Economic Advisory team of over 40 Economists, is now looking to expand significantly on its existing economics practice to capture exciting opportunities, particularly within the Power and Utility sectors. As a result, we are looking to fill a number of roles at a variety of levels with experienced Power & Utilities economists to grow our team to the next level.

Technical skills requirements

EY’s Power & Utilities Economic Advisory team combines expertise in economics and finance with deep sector knowledge to support regulated businesses, economic regulators, governments and investors design, influence and optimise regulatory and market arrangements across the energy and water sectors.

Accordingly, suitable applicants will have upwards of two years of experience as an economist in the power and utilities industries within either government, an economic regulator, a regulated company or another economic consultancy. In particular, we are seeking candidates with many of the following characteristics: 

  • a solid understanding of the principles of regulatory economics, regulatory finance/accounting and/or econometrics;
  • specific experience designing, influencing or optimising economic regulation (price controls) or market arrangements;
  • specific experience of the above in relation to Ofgem’s RIIO price control framework, Ofwat’s PR14 price control framework (and related Water 2020 programme) and/or wholesale energy markets;
  • in the context of wholesale energy markets (either electricity or gas), specific experience of forecasting prices and/or the operation of CFDs, capacity markets, the carbon price floor and other similar mechanisms;
  • in the context of price controls, specific experience of designing incentive mechanisms, assessing efficient expenditures, allocating costs and assets, estimating the cost of capital and/or determining access charges or network tariffs;
  • knowledge of the electricity system, how it is likely to evolve in future and the potential implications for system operator(s);
  • behavioural economics and customer engagement;
  • an ability to solve complex problems in a logical and structured manner;
  • excellent written and verbal communication skills, including an ability to explain complex technical issues to a non-technical audience;
  • excellent inter-personal skills and ability to work effectively within a team. 

 Additional skills requirements 

  • Builds relationships with clients and Ernst &Young teams that reflect credibly on the team
  • Ability to manage multiple engagement simultaneously
  • Actively promotes the sharing of knowledge
  • Delivers to demanding deadlines maintaining the quality of output 

Client responsibilities 

  • Effective management of client relationships and engagements
  • Ability to identify client opportunities and willingness to take the initiative to pursue these where appropriate
  • Effective business development, including through preparation of proposals
  • Provide or contribute to economic analysis and solutions as part of client engagements
  • Prepare and present clear reports to support these analyses and solutions


Please click Apply to continue.

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.