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Industrial Placement - Economist - Warwick - NESO

Applications are closed

  • Internship
    Full-time
    Placement Program
  • Business, Operations & Strategy
    Data
  • £24.3K
  • Warwick, GB

Requirements

  • You’re on track to achieve a minimum 2.2 degree in any STEM or any Data Scientist related degree. 
  • You must be in your penultimate year at university.
  • Ideally, you will also have a valid full UK Driving Licence. 

Responsibilities

  • Drive and develop existing and new economic assessment methods for investment in the GB power system and perform cost-benefit analysis to justify new transmission developments & investments  
  • Assess high-level economics of current and future market arrangements for the markets that we operate or are proposing to operate, e.g., assessment of voltage, stability, and storage markets 
  • Work collaboratively with our power systems engineers, markets specialists and data scientists throughout the business to interrogate and analyse our databases of billions of data points and provide recommendations with a succinct justification. 
  • Collaborate closely with industry stakeholders to build and deliver strong cost-benefit analyses to support strategic decisions that help shape the future of the energy system and ultimately deliver our GB goal of net zero carbon emissions by 2050. 
  • More generally, take novel and/or complex economics problems and solve them while providing a simple explanation to the business and wider stakeholders 

FAQs

What is the duration of the Industrial Placement for the Economist position?

The Industrial Placement for the Economist position is a 12-month opportunity.

Where is the location of the Industrial Placement?

The Industrial Placement is based at Warwick, with hybrid working options available depending on business requirements.

What qualifications do I need to apply for this role?

You must be on track to achieve a minimum 2.2 degree in any STEM or Data Science related degree and be in your penultimate year at university.

Is a driving license required for this position?

Ideally, a valid full UK Driving Licence is preferred, but it is not explicitly required.

What type of work will I be doing during the placement?

You will be involved in researching, data collection, economic assessment methods, cost-benefit analysis, and collaborating with various specialists within the energy industry.

What is the starting salary for this Industrial Placement?

The starting salary for the Industrial Placement is £24,300.

What benefits will I receive during the placement?

You will receive 26 days of annual leave plus statutory holidays, support from a buddy during your placement, and the opportunity to join a Graduate Development Programme.

Is prior experience in the energy industry required to apply?

No prior experience in the energy industry is required to apply, but a passion for economics and a willingness to learn are essential.

How will this placement help in my career development?

This placement will provide hands-on experience, insight into the energy sector, exposure to industry challenges, and opportunities for networking and professional growth within the National Energy System Operator.

Will I be working alone or collaboratively during the placement?

You will be working collaboratively with power systems engineers, market specialists, data scientists, and industry stakeholders throughout your placement.

NESO manages the balance of energy across the UK grid. NESO also advises the UK government on achieving Net Zero.

Energy
Industry
1001-5000
Employees

Mission & Purpose

We are the National Energy System Operator for Great Britain, making sure that Great Britain has the essential energy it needs by ensuring supply meets demand every second of every day. The UK’s 2023 Energy Act established an independent system planner and operator to help accelerate Great Britain’s energy transition; creating the National Energy System Operator (NESO).

Culture & Values

  • Accelerate Progress

    We deliver better outcomes at pace when we take accountability, are courageous and progress the bigger picture.

  • Be Curious

    We achieve more when we demonstrate a growth mindset, being curious, asking questions beyond and within our organisation to develop, learn and innovate.

  • Create Belonging

    We perform at our best when we can be our true selves, embrace diversity and are truly inclusive.

  • Build Trust

    We build trust when we listen to and understand the needs of our colleagues, consumers, customers and stakeholders, are transparent with our actions and deliver on our commitments.