Energy Market & Macro Insights – Research Analyst

Baringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding.

The firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence – all powered by advanced technology, data, AI and digital innovation.

Clients value Baringa’s collaborative approach and the way its teams integrate seamlessly – all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors.

Certified as a Great Place to Work around the world, Baringa has been recognised by the Financial Times in 22 categories of its UK Leading Management Consultants rankings, and by Forbes for four consecutive years as one of the World’s Best Management Consulting Firms.

In this role, you will be based out of our Sofia office, working at the forefront of the energy transition alongside market specialists with deep industry knowledge where you will be able to deploy and then broaden your skill set and sector expertise.

Baringa’s Power Markets Modelling Experts leverage the latest market intelligence, deep energy market expertise, and advanced modelling tools to deliver valuable power forecasts to the energy industry. These reports help our clients deploy and build energy assets as well as navigate the energy transition.

The Energy Market & Macro Insights team at Baringa delivers cutting-edge analysis and thought leadership on energy and climate-related topics, using economic and political analysis to support our power market subscribers, broader client base, and media presence. Drawing on Baringa’s proprietary models and third-party data, the team distils complex market dynamics into accessible, compelling insights with a strong emphasis on storytelling through data.
We produce both short- and long-form content to track and interpret emerging trends in energy markets. Recent reports have included:

• →Middle East Conflict: Scenarios and Power Asset Implications
• →The investment attractiveness of battery storage assets
• →The implications of elections and policy changes to the energy transition
• →The impact of a global trade war on European power markets
• →The increasing prevalence of negative power pricing and its implications

In addition, the team is also responsible for generating Baringa’s macroeconomic and financial market assumptions used in our energy system models, including forecasts for FX, interest rates, inflation, and the cost of capital. We publish regular macroeconomic outlooks across Baringa’s key geographies.

• →Conducting primary and secondary research across a wide range of topics, including energy deployment, technologies, geopolitics, macroeconomics, policy developments and investor trends
• →Supporting the development of models, data insights, and methodologies to identify emerging market dynamics
• →Writing high-quality, data-driven reports tailored for investors, policymakers, and commercial clients
• →Developing a strong understanding of the macroeconomic context and the energy transition ecosystem
• →Engage with internal stakeholders to shape and refine research outputs, ensuring insights are accurate, relevant and actionable

What success looks like:

To succeed in this role, you will bring a combination of curiosity, analytical rigor, and communication skills. You should be comfortable working with data, developing your macro and energy market knowledge, and delivering impactful research that helps clients navigate a fast-evolving energy landscape.

• Deeply passionate about the energy transition, macroeconomic developments, geopolitics, and energy and climate policy.
• Curious and analytical, with a strong ability to connect macro-level events - from the war in Ukraine to populism and re-militarisation - to developments in the energy market.
• Self-starter with an entrepreneurial mindset; thrives under pressure and takes ownership to deliver during peak periods.
• Record of being a team player and meeting deadlines.
• Excellent written and verbal communication skills, with the ability to craft compelling narratives through data-led research, both in long-form reports and short-form, journalist-style notes.
• Highly data literate, confident in interpreting modelling results and manipulating data sets.
• Strong academic background, with high performance in undergraduate or master’s studies (preferably with some economics component).
• Fluent in written and spoken English.
• Some experience working with Excel/R/Python (or similar tools) and AI for data analysis and modelling is a plus but not a prerequisite.
• Candidates should be comfortable with international travel, which may be required for up to 30% of the time. Candidates must be able to travel and work within the EU/UK.

We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people. 

You can be a part of our ‘Great Place to Work’ – with our commitment to women and well-being in the workplace for all. Click here to see some of our recent awards and how we’ve achieved this. 

We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act. We report our progress publicly and ensure that we are also externally assessed and scored through organisations like CDP and EcoVadis - helping us to continually identify where we can improve. 

We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts. Our Corporate Social Responsibility (CSR) agenda is about giving back to the communities in which we live and work by sharing our skills, talent and time. In essence, we aim to empower and encourage everyone in the firm to contribute to the things we care about, and support registered charities and organisations with a clear social or environmental purpose to increase the positive impact they can have.

All applications received will be reviewed by a member of our Talent Acquisition team. We never rely solely on automated screening or AI tools to make hiring decisions. Your application will be considered for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed. Please contact a member of our Recruitment Team to discuss further.

For UK & EU

Your personal data will be retained by Baringa for up to two years, in accordance with our UK Recruitment Privacy Notice / EU Recruitment Privacy Notice, to evaluate your application and meet our legal and reporting obligations. In line with the General Data Protection Regulation (GDPR), you have the right to request access to, rectification, or erasure (subject to legal limitations) of your personal data. For more information, please contact us at privacy@baringa.com

For the USA

Your personal data may be retained by Baringa for up to two years, as outlined in our Recruitment Privacy Notice (AMER & APAC), to support the recruitment process and internal reporting requirements. Where applicable, and in accordance with relevant federal and state laws, you may have the right to request access to or correction of your personal information. For further details, please contact privacy@baringa.com

For Australia & Singapore

Your personal data will be retained by Baringa for up to two years, in accordance with our Recruitment Privacy Notice (AMER & APAC), to assess your application and meet applicable reporting and legal obligations. In line with the Australian Privacy Act and Singapore’s Personal Data Protection Act (PDPA), you may have rights to access, correct, or request limited deletion of your personal data. For more information, please contact us at privacy@baringa.com