Permanent

Economist

Ireland

Background
EirGrid plc. is a leading Irish energy business, dedicated to the provision of transmission and market services for the benefit of electricity consumers.  EirGrid is committed to delivering high quality services to all customers, including generators, suppliers and consumers, across the high voltage electricity system and via the efficient operation of the wholesale power market. It puts in place the grid infrastructure needed to support competition in energy, to promote economic growth, to facilitate more renewable energy, and to provide essential services.

EirGrid holds licences as the independent electricity Transmission System Operator (TSO) and Market Operator (MO) in the wholesale trading system in Ireland, and is the owner of the System Operator Northern Ireland (SONI Ltd), the licensed TSO and market operator in Northern Ireland. The Single Electricity Market Operator (SEMO) is part of the EirGrid Group, and operates the Single Electricity Market on the island of Ireland.


Role Description
EirGrid Group is at the forefront of innovation in the energy industry, enabling the transition towards a low-carbon, technology-enabled smart future.  The group plays a critical role through the development and safe operation of the electricity transmission grid in Ireland and in Northern Ireland (through its ownership of SONI i.e. the System Operator for Northern Ireland). The transmission grid brings power from where it is generated to where it is needed, supplying large industrial customers and the distribution networks, which in turn supply homes, farms and businesses across the island. The group also operates the wholesale Single Electricity Market (SEM) and the East West Interconnector, a high voltage link between Ireland and Great Britain.

The External Affairs function comprises highly skilled professionals with diverse backgrounds. EirGrid is currently delivering a significant programme of connections for customers connecting either directly or indirectly to the transmission system in Ireland and Northern Ireland. 

Group Regulation is an all-island team comprised of highly skilled professionals with backgrounds in engineering, economics, business and commerce.  

Group Regulation is responsible for all of EirGrid’s regulatory dealings across its licenced activities. The team is also responsible for the development of policy for connection to and use of the transmission system and for the calculation of charges for connection to Ireland’s Transmission System.

The team requires a senior subject matter expert to provide advanced economic and regulatory economic input across the EirGrid business.

The role holder will be responsible for leading economic thought in respect of the business’s regulatory revenue controls and overseeing the delivery of that thought leadership through the revenue control process.

The role holder should be familiar with established regulatory revenue concepts but also prepared to lead and shape new thinking in this area working with, and overseeing the work, of the business’s professional advisors.




Key Responsibilities:
  • Provision of regulatory economic leadership and input to the revenue controls for the business.
  • Assist in shaping the regulatory strategy for maximum effectiveness and ensure alignment with the EirGrid business strategy to achieve optimal outcomes.
  • Management and oversight of the company’s annual tariffing process.
  • Develop incentives aligning the business’s performance with the value delivered to customers.
  • Research in relation to regulatory approaches elsewhere and their applicability to the EirGrid group of businesses.
  • Primary point of contact in respect of financial models and modeling by reference to EirGrid’s regulated businesses.
  • Develop and manage strategic stakeholder relationships; such as with the Regulatory Authorities.
  • Coordinate and review the work of external economic consultants and the management of the appropriate budget.
  • Supervise and develop any assigned junior support staff.






Knowledge, Skills and Experience

Essential
  • Degree in Economics or a closely related discipline.
  • Minimum of 6 years experience in an economic/analyst role, in a multidisciplinary environment.
  • Excellent qualitative and quantitative analytical abilities, coupled with the ability to make reasoned judgments based on available information.
  • Ability to draft documentation in a rational, evidence-based, clear and concise manner.
  • Strong verbal communications e.g. to express key economic concerns or new ideas clearly.
  • Knowledge of regulation/ regulatory economics.
  • Knowledge of and experience in regulated price controls for a regulated utility/ regulator.
  • Demonstration of economic thought leadership in development of and support of an organisation’s strategic objectives.
  • Excellent interpersonal and organisational skills.
  • Financial and commercial awareness.
  • Demonstrated flexible working approach with ability to lead and prioritise a wide range of demands and activities whilst maintaining a professional and positive focus.
  • Ability to guide, persuade and influence others through developed skills of communication and diplomacy.

Desirable:
  • Masters/Ph.D. in Economics, ideally with components in regulatory or competition economics.
  • Experience of advising a sector-specific regulator or governmental organisation, and/or of working in an energy environment.
  • Experience of drafting policy papers independently and as part of a team for publication.
  • Willing to independently diversify knowledge base to appreciate the legal/technical aspects of economic regulation.
  • Project management experience.

Note:  Please have your application (CV and cover letter) in one word document for easy uploading to our applicant tracking system.

EIRGRID IS AN EQUAL OPPORTUNITIES EMPLOYER