Regulatory Affairs Manager - Energy Trading Regulation
The Energy Trading Regulatory Affairs & Policy team is the centre of expertise on regulatory and market design knowledge on wholesale energy markets, balancing and capacity markets for both gas and electricity across the UK and Europe, as well as carbon and certificates trading. The team adds value by anticipating regulatory and policy changes and enabling the commercial teams to avoid risk and maximise opportunities originating from regulatory reforms. The team supports Centrica Energy Marketing and Trading (EM&T), the trading arm of Centrica Plc.
We offer an exciting opportunity to be involved in developing EM&T’s policy position on a variety of topics and shaping British and European energy policy and regulation as we move to a decarbonised energy system over the coming years.
As a Regulatory Affairs Manager, you would support our Energy Marketing and Trading (EM&T) business, primarily focussing on GB wholesale power, the balancing market and other flexibility-related regulation, as well as the UK and EU ETS schemes.
You will provide timely, succinct policy and commercial regulation support to the energy trading, origination, asset management and business development teams. You’ll also understand, analyse and interpret the GB electricity market design and trading regulation as well as rules impacting our renewable asset management and optimisation business.
The role location is in our London office, with occasional travel to other UK locations (mainly Windsor), Denmark (Aalborg, Copenhagen), and other locations in the EU as required for external meetings. Flexible working is encouraged, as agreed with the Head of Energy Trading Regulation.
About the Role:
The role requires leading on understanding, analysing and interpreting of power (and gas) regulation in the UK impacting our trading activity, as well as rules impacting our renewables origination and asset optimisation businesses.
The Regulatory Affairs Manager will be expected to:
Monitor the relevant regulatory landscape and communicate this effectively to the commercial teams
Forge and defend the company’s positions and interests in various internal and external decision-making bodies
Pro-actively intervene to change market rules in electricity balancing, wholesale and carbon markets with primary focus in UK and EU
Engage with internal stakeholders e.g. originators and Front Office staff on a regular basis to identify and prioritise regulatory reforms that are key to the company interests
Collaborate with other support functions e.g. Public Affairs, Legal, Compliance, Risk, Finance, to enable EM&T to maximise its commercial and strategic objectives
Complete regulatory due diligence for new deals, business cases and operational readiness for market entry
Establish and maintain relationships with key external stakeholders including regulatory authorities, system operators, trading venues, service providers and other parties
Represent Centrica’s interests across a range of trade association workstreams, contributing to consultation responses and developing policy positions. On important issues, identify proactive policy positions to advocate directly with national TSOs, regulators and governments
About You:
A Regulatory expert with high quality strategic, technical, economics or legal qualification(s) and energy sector experience
Relevant experience in the commodities sector would be desirable
An excellent understanding of wholesale energy markets, balancing markets, trading, origination and the policy framework within which commercial companies like Centrica EM&T operate
In-depth knowledge of UK and European energy and carbon regulations is highly desired
Knowledge of UK and EU policy-making processes
Knowledge of regulatory frameworks related to market entry and infrastructure access e.g. licensing and balancing rules
Proven ability to anticipate and keep abreast of external developments that may influence the evolution of wholesale energy markets
Ability to think and act strategically, identifying regulatory risks and opportunities and managing these effectively
Ability to synthesise complex technical and regulatory documentation
A commercial thinker able to priorities value added activities with demonstrable experience in adding value to commercial initiatives
Strong stakeholder management skills: excellent verbal, presentation and reasoning skills adaptable to the audience, ability to build constructive relationships at all levels and excellent analytical and conceptual thinking skills
Demonstrable track record of advocating with TSOs, exchanges, regulators and governments to deliver regulatory change to enable commercial opportunities
Able to work flexibly, across a wide range of high profile and fast-moving commercial and strategic issues
Our customers come from all walks of life, and so do we. We hire great people from a wide variety of backgrounds, not just because it’s the right thing to do, but because it makes our company stronger. We will continue to champion inclusivity, develop future skills and invest in our local communities to create a better, more sustainable world, for everyone.
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At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it!
PLEASE APPLY ONLINE by hitting the 'Apply' button.
Applications will ONLY be accepted via the ‘Apply’ button.
This role is being handled by the Centrica recruitment team and NO agency contact is required.