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OFTO Regulation Manager

The move towards Net Zero and the maturing of the offshore sector has led to rapid growth in this sector for which the existing OFTO Regime, with its dedicated radial connections, is no longer viable. BEIS has launched the Offshore Transmission Network Review, amongst other initiatives, to develop an appropriate regulated offshore regime in Great Britain (“GB”) for the future.

We are seeking a new team member to enhance its OFTO regime capabilities, to provide support and insight regarding current OFTO Transmission Licence arrangements, OFTO transactions and help to shape the future of offshore grid connections.

Contact

Location

United Kingdom

Type

Permanent

Requirements

  • Several years’ relevant experience in the energy industry with a sound knowledge of the operation of the OFTO regime.
  • A broad understanding of the legislative environment, including relevant Codes and Licences, as they relate to offshore connections and the OFTO regime. This includes, but is not limited to, the CUSC, Grid Code, SQSS, STC, OFTO Transmission Licence and The Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2015.
  • Knowledge of the commercial drivers for offshore wind farms at different stages of development and during operations, how these link to the current offshore regulatory regime, including the OFTO regime, and how this impacts our projects and approach.
  • Analytical skills to identify and evaluate the implications of regulatory change, both proposed changes and initiatives in the early stages of consideration by stakeholders.
  • Strong interpersonal and communication skills; able to tailor messages and deliver to stakeholders from a broad range of organisations and backgrounds; and in varying levels of detail as needed.
  • Strong influencing and negotiating skills, in particular experience of leading discussions in meetings, forums, and virtual teams.
  • Ability to forward plan and anticipate, identify, and resolve problems.
  • Have an enthusiastic and adaptable attitude to a changing and challenging work environment. With the ability to work effectively with autonomy, and as part of a multi-functional team.

We Offer

  • Several years’ relevant experience in the energy industry with a sound knowledge of the operation of the OFTO regime.
  • A broad understanding of the legislative environment, including relevant Codes and Licences, as they relate to offshore connections and the OFTO regime. This includes, but is not limited to, the CUSC, Grid Code, SQSS, STC, OFTO Transmission Licence and The Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2015.
  • Knowledge of the commercial drivers for offshore wind farms at different stages of development and during operations, how these link to the current offshore regulatory regime, including the OFTO regime, and how this impacts RWER’s projects and approach.
  • Analytical skills to identify and evaluate the implications of regulatory change, both proposed changes and initiatives in the early stages of consideration by stakeholders.
  • Strong interpersonal and communication skills; able to tailor messages and deliver to stakeholders from a broad range of organisations and backgrounds; and in varying levels of detail as needed.
  • Strong influencing and negotiating skills, in particular experience of leading discussions in meetings, forums, and virtual teams.
  • Ability to forward plan and anticipate, identify, and resolve problems.
  • Have an enthusiastic and adaptable attitude to a changing and challenging work environment. With the ability to work effectively with autonomy, and as part of a multi-functional team.

Your Tasks

  • Engage with a number of stakeholders across the offshore operations and development areas, advising the business on the implications of the offshore regulatory regime (e.g. OFTO framework, TNUoS, licencing) and how it applies to specific projects. The role holder will be supporting and creating strategies to respond to opportunities and threats to projects both reactively and proactively.
  • Work collaboratively with the OFTO Transaction Manager to support the OFTO tender process, ensuring the project’s interests are protected during the tender process and transaction negotiations.
  • Work closely with the Regulatory Affairs team to inform and support their lobbying on live OFTO-related issues, and to ensure that the evolution of the new offshore grid regime developing under the Offshore Transmission Network Review is built on lessons learned from the existing regime.
  • Hold and maintain excellent knowledge and understanding of our client’s portfolio of offshore assets and associated OFTO arrangements.
  • Establish and maintain a cross-industry database on historic OFTO transactions, including their technical and commercial characteristics.
  • Hold and maintain excellent knowledge of the broader marketplace on offshore generation and OFTO assets, and the exposure to offshore portfolio because of relevant market changes.
  • Contribute to the preparation of Offshore Local TNUoS forecasts by estimating the expected levels of OFTO annual revenue prior to transactions and verifying the correctness of TNUoS calculations. Work with colleagues in finance and asset management to ensure Local Offshore TNUoS forecasts for operational projects are using suitable methodology.

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