What is OFGEM ?
Ofgem, short for the Office of Gas and Electricity Markets, is the regulator for the electricity and downstream natural gas markets in Great Britain. It operates independently and is accountable to the UK Parliament. Ofgem’s primary responsibilities include:
- Regulation: Ofgem regulates the electricity and gas markets to ensure they operate fairly, efficiently, and competitively. This involves setting price controls, licensing energy companies, and monitoring market activity to prevent anti-competitive behaviour.
- Consumer Protection: Ofgem works to protect the interests of energy consumers by ensuring they have access to reliable and affordable energy services. This includes overseeing energy suppliers’ conduct, handling complaints, and promoting consumer engagement and empowerment.
- Market Development: Ofgem promotes innovation and investment in the energy sector to support the transition to a low-carbon economy. It encourages the development of renewable energy sources, smart grids, and other technologies that contribute to sustainability and decarbonization.
- Infrastructure Investment: Ofgem regulates the transmission and distribution networks that deliver electricity and gas to homes and businesses. It sets price controls and incentives to encourage network operators to invest in maintaining and upgrading the infrastructure to ensure security of supply and accommodate new technologies.
Ofgem plays a crucial role in ensuring that the energy markets in Great Britain are competitive, efficient, and responsive to the needs of consumers while supporting the transition to a more sustainable energy system.
Applications for our 2024 Ofgem Graduate Programme are now open. You can apply for one of the two-year programmes:
- Ofgem Graduate programme
- Ofgem Digital Graduate programme
Why you should apply
The 2024 Ofgem Graduate programmes are for those who want to make a lasting impact on the UK energy landscape and to help OFGEM reach Net Zero.
You will gain insights into the challenges and opportunities within the energy sector.
From day one, you’ll be part of a vibrant community of professionals and other graduates, working on projects that matter. Ofgem’s commitment to mentorship stands out. We will pair you with seasoned experts who are dedicated to guiding your journey and will provide you with a learning environment that is both supporting and challenging.
What truly differentiates these schemes are their emphasis on real-world impact. You’ll be involved in policies that protects consumers, encourage fair market competition, and promote green energy initiatives. You will also help with projects that affect millions of people’s lives which offers a sense of purpose and achievement unmatched by many other graduate programmes.
What they are looking for ?
You must have at least a 2:2 degree (obtained or expected) in a numerical, analytical, energy or business-related discipline. This includes but is not limited to:
- economics
- engineering
- business
- public policy
- finance
- geography
- sciences
- climate science
- computer sciences
- other energy or sustainability-related subjects
If you are applying for the performance management business analyst within the Digital Graduate programme you may well have studied humanities, social science or journalism.
About the programmes
If successful, you will be offered a two-year fixed term contract, starting from September 2024. During the two years, you will complete four rotations of six months, depending on which programme you have applied for.
During the Ofgem Graduate programme you will rotate across the different work areas:
- policy and strategy
- analysis
- compliance and enforcement
- operational delivery or project delivery professions
Benefits
We offer an attractive package including a competitive starting salary of £32,500 for those based in London and £29,500 for those based in Glasgow or Cardiff alongside a range of other benefits.
How to apply
Apply before 11:55pm, 7 April 2024.
You can get both the Ofgem Graduate programme application pack or the Ofgem Digital Graduate programme application pack on the Civil Service jobs website.