Flexibility Markets Developer
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Flexibility Markets Developer

Date: 24-Nov-2021

Location: London-Newington, Elephant and Castle, GB

Position

Flexibility Markets Developer – New products

Reporting to

Energy Markets Lead

Function

Smart Grid Development, Asset Management

Location

London, Crawley or Bury St Edmunds

Reference Number

64266

Employment Period

Permanent

Contract Type

Collective

CiP Level / Bonus

3%

Starting Salary  

£58,804 – Plus benefits and bonus

Closing Date

08/12/2021

 

All applications will be reviewed after the closing date

 

We also offer : 

Annual leave 25 days

Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%)

Tenancy Loan Deposit scheme 

Tax efficient benefits: cycle to work scheme

Season ticket loan

Occupational Health support

Switched On – scheme providing discount on hundreds of retailers products.

Supplier discounts, such as O2, EE, Vauxhall cars, Universal tyres

Discounted access to sports and social clubs

Employee Assistance Programme.

 

Job Purpose

The jobholder will be part of the Energy Markets Team within the DSO team, which is responsible for developing and implementing the business strategies and flexibility products required for enabling a smarter, flexible, active distribution system. UK Power Networks aims to maintain and grow the leading position in Flexibility Markets for the remaining part of ED1 and into ED2.

 

The jobholder will lead the development of distribution flexibility markets by coordinating new product development, manage the development of the markets forecasting capability within UK Power Networks and supporting the operation of efficient DSO energy markets within wider electricity system market. This involves working with the Energy Markets Lead, the Network Development & Operability Manager and others to develop new flexibility products, relevant applications such as markets forecasting applications to meet the distribution system operational and development needs, supporting and taking ownership of commercial activities.

Principal Accountabilities:

  1. Assist the Energy Markets Lead in developing the UK Power Networks flexibility markets and work with the rest of the team.
  2. Lead key commercial development activities, such as establishing new products and services regarding distribution system markets.
  3. Assess the evolution of other energy markets across the UK and Europe and the interactions with flexibility markets at distribution level.
  4. Lead and review analysis required to develop the UK Power Networks flexible services. Contribute towards pricing, valuation and economic assessment of potential flexibility bids – e.g. what should we offer as compensation for a service from a DG customer/storage customer for proactive response.
  5. Establish market designs for the whole electricity system and drive the implementation of products
  6. Maintain & develop relationships with existing and future flexibility providers. This involves generating and maintaining customer-oriented commercial material and leading the engagement with flexibility providers.
  7. Pricing, valuation and economic assessment of potential flexibility bids – e.g. what should we offer as compensation for a service from a DG customer/storage customer for proactive response.
  8. Produce & review tender and legal documentation, supporting bidders, valuation of tenders, and managing contracts.
  9. Lead work with internal stakeholders to develop enabling technology solutions and market platforms in the area of flexibility, such as EVs and peer to peer energy trading.
  10. Develop market analytics capabilities such as market forecasting, models, and reporting.
  11. Engage and build relationships with internal and external stakeholders.

 

Nature and Scope

The way electricity is consumed and generated is significantly changing. 

Government policy has led an unprecedented growth in renewable energy installations such as wind farms and solar panels over the last few years (over 3GW connected onto UKPN’s network in the last four years).  Electricity storage technology is advancing and we expect it to play a major role in the years to come.  Electric vehicles prices are reducing and supported by their environmental benefits have the potential to take over London’s streets.  Smart meters are being rolled out and will be in every household in the UK by 2020.  Our networks are already transforming into platforms that can allow the distributed energy resources such as renewable generation, electricity storage and electric vehicles to consume, export and trade electricity whilst maintaining affordable and reliable electricity supplies.

In this changing environment, the Smart Grid Development department has been created within the Asset Management function to accelerate the deployment of innovative technical and commercial solutions that can provide benefits both to customers by providing affordable access and the shareholder through enhancing customer / market reputation, exploring commercial opportunities and delivering the smart grid benefits.  In addition, it will drive the development of the organisation capabilities that are required for transition to the role of Distribution System Operator.

Flexibility is a mechanism to change generation and consumption to bring benefits to the system, and currently it is used to defer reinforcements and allow generation customers to connect quickly and cheaply into congested areas. The area of flexibility is fast evolving and so the jobholder will be in a unique position to contribute to the development of commercial and market frameworks for flexibility. Whilst this is focused on distribution level markets, there are wide ranging implications on the energy supply chain as a whole and the individual will need to be able to appreciate the interactions with the energy, capacity, and ancillary services markets. The individual will need to engage with external parties to develop new solutions, work internally and cross-directorate with engineers, procurement, and legal amongst others to develop and implement new commercial solutions.

 

Skills, Qualifications and Experience

Essential skills, qualifications and experience

  • Strong analytical, quantitative and commercial skills;
  • Strong understanding of the GB regulatory framework and Energy Markets, i.e. pricing and dynamics between wholesale, ancillary services and flexibility markets;
  • Experience from developing energy or related products in energy markets, such as in the context of electricity retailers or aggregators;
  • Ability to develop purchase pricing structures and strategies from first principles and market knowledge;
  • Experience developing purchase pricing structures and strategies from first principles and market knowledge;
  • Experience of full contract and/or heads of terms drafting;
  • Degree level qualification in a relevant quantitative technical or commercial field, i.e. power systems/electrical engineering, economics;
  • Excellent project and stakeholder management skills;
  • Understanding of power systems engineering principles;
  • Strong IT proficiency including advanced use of MS Office (Excel, Word, PowerPoint).

 

Beneficial skills, qualifications and experience

  • Post-graduate qualification in a relevant engineering or commercial field, i.e. MEng, MSc, Mphil, MBA, PhD engineering with focus on Distributed Energy Systems and Resources;
  • Understanding the impact of low carbon technologies (solar, wind, EVs, storage) are having on the distribution network;
  • Experience of key business account management;
  • Experience of presenting analysis work at a senior level;
  • Awareness of industry codes such as the Distribution/Grid Code and Connection and Use of System Code (CUSC);
  • Understanding of physical asset management practices and regulatory requirements;
  • A project management qualification such as APMP or Prince2.

 

The successful candidate should possess the following qualities:

  • Self-motivation and the ability to work under own initiative;
  • Excellent team working skills including the ability to learn and adjust in a complex, multi-disciplinary and fast moving environment while maintaining focus on the end objectives and priorities;
  • Strong interpersonal skills and an ability to communicate clearly and confidently at all levels of the organisation including presenting technical and financial arguments to internal and external audiences;
  • Strong analytical skills and the ability to problem solve;
  • Be proactive and look for innovation and continuous improvement opportunities;
  • Safety and environmental awareness.

 

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

 

Employees will ensure they fully understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and particularly where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.

Employees need to be aware that for some craft and operational roles that work at height, or use fall arrest devices, there is an upper weight limit of 116Kg due to maximum safe working load of the safety equipment that is used.

If in doubt ask!

 

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.