Energy Revenue & Cost Forecasting Analyst

Join us as we work to unlock the value of offshore wind! JERA Nex bp is a new joint venture between JERA, Japan’s largest power generation company, and bp, one of the world’s leading energy companies. Established to unlock the potential of offshore wind across the globe, our talented team, exciting pipeline and solid capital commitment give us the potential to become one of the world’s most successful offshore wind companies. 

We entered the market with a portfolio of operational and development assets, alongside the resources, capabilities and resilience to deliver offshore wind energy at scale. 

Why this role matters 

As part of the Investments Team and reporting to the Head of Commercialisation & Energy Portfolio, you’ll contribute to the evolution of our capability in energy revenue/cost forecasting. Initially we will expand our capability in sourcing, analyzing and challenging 3rd party forecasting providers. Over time, this capability is expected to evolve, including development of own input assumptions for 3rd party forecasts, and/or the build-out of our in-house modelling capability.    

In this role you will: 

• Lead relationship management of 3rd-party forecast and market data providers, including procurement responsibility 

• Challenge third-party forecast providers on their outputs, highlighting weaknesses. Intellectual curiosity to understand and challenge: 

• Input assumptions  

• Consistency of methodology/assumptions across different forecasts 

• Consistency of assumptions within forecasts  

• Improve market awareness within stakeholder groups with market updates and commentary 

• Drive evolution of team capability from sole reliance on 3rd party providers to development of in-house modelling capability 

• Support the production of crucial inputs to JNBP investment decisions,  spanning financial assumptions (interest rates, fx, etc.), energy market curves (gas,  baseload Power, offshore wind capture rate) and capacity build-out (offshore wind, other generation technologies, storage capacity, demand capacity) 

• Evaluate input from regional commercialization leads, using own judgement to challenge or incorporate such ‘market-facing’ input into forecasting.

To be successful in the role you will bring: 

• Degree qualified in a quantitative discipline, preferably economics or engineering 

• 5+ years in energy markets across consulting, utilities or investments, with some focus on renewable energy 

• Strong problem-solving, quantitative, analytical skills and attention to detail 

• Strong experience using analytical and data manipulation tools such as Excel, SQL, Python 

• Presentation and communication skills, ability to distil complex subjects into fundamental drivers 

• Ability to evolve team capability, responding to needs of the business and developing best practice from own initiative 

• Experience gained within a top-tier energy market consultancy would be beneficial. 

• Intellectual curiosity to understand and challenge assumptions 

• Confidence to challenge the third-party curve providers on their outputs.

What you can expect from us: 

Working at JERA Nex bp means being part of a global leader in offshore wind, where innovation, collaboration, and sustainability drive everything we do. You’ll enjoy: 

• A collaborative and inclusive work culture, with space for team-building and social activities 

• Flexible working hours and the opportunity to work from home, with regular in-person connection 

• Opportunities for career growth and professional development in a fast-growing international company. 

As we build our company, we are driven by:  

Care for each other and our world – we leave egos at the door, are inclusive, collaborative and open to new ideas 

A spirit of ingenuity - we are pioneers and innovators making the impossible possible 

A commitment to unlocking value from offshore wind – we aim to make offshore wind sustainable, affordable and accessible to the countries & communities we serve. 

About JERA Nex bp 

JERA Nex bp is a purpose-built offshore wind company committed to unlocking the power of offshore wind by developing high-quality, competitive projects. 

A 50:50 joint venture between JERA Co. and bp, JERA Nex bp is an end-to-end developer, owner and operator with more than fifteen years of experience in operating offshore wind projects.  

Headquartered in London, with offices across Europe, Asia, US and Australia, JERA Nex bp has a portfolio of operational and development projects across nine countries, and draws on a rich heritage of pioneering offshore wind in Asia Pacific and the North Sea.