Senior Analyst - Market Analysis

EDF Energy Plc ,
Gloucester, Gloucestershire
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Job Description

The Opportunity The Opportunity: Market Analysis - Senior Analyst, Competitive Salary and Benefits, Croydon or Gloucester We're not your average energy company. As the energy market continues to evolve, so does our business. Our new ambition - to be Simply Better for Customers - reflects the higher expectations of all our customers in such a competitive market and ensures we're known for delivering a top-rated customer experience. We're also moving beyond supply - continuously developing new products and services to support the UK's transition to a low carbon future. Our Customers business unit supplies energy and energy services to over 4.9m residential customer accounts across the UK, serves over 200,000 business customers and are the largest supplier of electricity to business customers in Britain. The purpose of this role is to provide modelling, analysis and insight about wholesale commodity markets, with a focus on the GB electricity market. This analysis is a key input to the commercial optimisation of the EDF Energy portfolio, covering tactics and performance in the prompt and balancing markets, but also decisions across the whole trading horizon, such as expected asset running, hedging and the pricing of customer load. The team also performs modelling to understand and influence changes in wholesale market dynamics or regulation. Contextual Information and Operating Environment The Customers business has an annual turnover of c6.3bn with an Operating expenditure of c584m, Capex investment of c56m, Gross margin of c698m and EBITDA of c72m. Customers serve over 200,000 business customers and are the largest supplier of electricity to business customers in Britain. Customers also supplies energy and energy services to over 5.3m residential customer accounts across the UK. The Generation business extends from nuclear power stations to coal, gas, batteries and renewables, to the full energy mix. Generation is on a journey to change the way people use energy for generations to come. Our eight existing nuclear sites generate 60 TWh per year through various reactors. Our thermal generation assets generate around 10TWh per year. The plan is to secure strategic flexibility and maximise the long-term value of thermal energy within the EDF Energy portfolio. Wholesale Markets Optimisation (WMO) is responsible for managing the gas and electricity energy needs of our residential and business customers and for managing the needs of the Generation fleet. WMO also provides market access and asset optimisation services to third parties. The key activities within WMO include modelling and analysis, demand forecasting, portfolio hedging, short term optimisation and Generation liaison. The Market Analysis Team is at the hub of many key EDF Energy activities; using market intelligence to support trading activities in spot and prompt power & gas markets, and helping to originate new value adding strategies; interpreting market fundamental data, such as the impact of new build wind, batteries and solar, or variations in global commodity markets, and forecasting their impact upon market pricing; acting as a focal point across EDF Energy for knowledge and technical skills about the GB power market and providing a weather forecasting service to both the Generation and Customer sides of EDF Energy. The Person * The activities of the Market Analysis Team are split across short and long term markets as well as meteorology and gas. Team members receive intensive training in order to become experts in one area and capable across all others. * Short-term power market activities include providing the traders with forecasts of supply margins and commodity prices; helping to steer the trading strategies utilised by our fossil fleet and for battery optimisation. We work alongside the trading team to identify areas where commercial performance can be improved. * Long-term power market duties range from producing forward curves that reflect current market prices and trends (which are used across both the Customers and Generation businesses), forecasting the range of potential outcomes in Capacity Market auctions and tracking the behaviours & development of competitors. * Meanwhile the team's meteorology and prompt gas activities enable EDF Energy to provide our trading team with an accurate view of upcoming weather events; support optimal trading of customer's short-term gas requirements; and identify risks to the generation fleet arising from weather elements such as flooding, rainfall and wave height. * Outside of these crucial operational activities team members are also tasked with delivering change that seeks to further enhance the service we provide or help prepare us for pending market developments, including improved modelling of gas market fundamentals, batteries, continental interconnection and new-build renewable generation. * Finally, given the dynamic nature of the energy industry, team members will regularly become involved

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