Britain’s energy industry currently stands on the cusp of great change, and Ofgem has a key role as industry regulator to help deliver a low-carbon future.
While energy policy is set by government, Ofgem – as energy regulator – will play a key role in the changes taking place in the energy industry.
Ofgem’s priority is to protect the interests of current and future consumers. For example, over the last few years we have taken the following actions to protect consumers.
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Who are we?
In 2010 we created a new regulation model for the monopoly companies who own and run the networks of gas pipes and electricity wires, RIIO (Incentives+Innovation+Outputs). This is the biggest change to the regulatory framework for 20 years. It will deliver over £30 billion of investment needed over the next 10 years. And it will save customers £1 billion, compared to the old way of regulation. We also launched a new enquiry into the retail energy market, on behalf of consumers, to see if further reforms are needed.
In 2009 we created a separate business unit: Ofgem E-Serve. It focuses on the delivery of government sustainability projects such as offshore electricity transmission, as well as a growing range of environmental programmes which we administer for the Department of Energy and Climate Change (DECC).
These programmes are essential in helping the government beat climate change and meet the UK’s carbon emissions reductions targets.
Our graduate programme is no ordinary first step on the career ladder. This is an opportunity to work with some of the leading names in the field of Economics, to spend time in Europe learning about how regulation works on the continent and network with like-minded people at the Florence School of Regulation.
On the Ofgem E-Serve side, you will help to deliver a low-carbon future through the administering of a number of environmental programmes and the delivery of sustainability projects. E-Serve also designs and delivers regulatory regimes, such as the innovative offshore electricity transmission initiative, developed jointly with the Department of Energy and Climate Change and is responsible for tendering up to £17 billion of offshore transmission assets.
What we look for
We are looking for graduates with an interest in the energy sector and a minimum 2:1 in a numerical or analytical discipline. This can include Economics, Engineering, Business Studies, Business Management, Business Finance or other energy or sustainability related disciplines.
How to apply
See current opportunities.