Consultant – Power Markets Advisory | Iberia

Job description

### About Baringa 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. ## Our Markets & Transactions practice is looking for Consultants to join our Madrid team, focused on Iberia power markets, renewables and battery storage. Our Markets & Transactions practice supports leading energy companies, developers, investors, lenders and infrastructure owners in making strategic investment decisions and navigating the energy transition. We work across the energy value chain, including utilities, IPPs and developers, integrated energy companies, institutional investors and lenders, helping them make informed investment and strategic decisions in rapidly evolving markets. Our work combines market, technical, commercial and regulatory expertise, enabling us to support clients across the full investment lifecycle, from project development and capital deployment to commercial strategy and new business opportunities. Within this context, Iberia is one of Europe's most dynamic power markets and a key area of focus for our team. In this role, you will work extensively on renewables, battery storage and flexibility, helping clients understand how assets are valued, contracted, financed and operated across Spain and Portugal. Working alongside market specialists and directly with clients, you will contribute to strategic and investment decisions that support the continued development of the energy transition in the region. ### What you will be doing - **Iberian market expertise:** Develop and apply a deep, practical understanding of Spanish and Portuguese wholesale power markets, including market design, regulation, network access, balancing and ancillary services, and translate market insights into actionable client advice. - **Battery storage and flexibility:** Assess the value of standalone and hybrid storage projects, including revenue stacking across different markets, impact of current and envolving regulation, and contracted or tolling structures. - **Market and Transactions engagements:** Support strategic and transaction-related engagements with leading IPPs, developers, utilities and investors across Iberia, including growth strategy, investment and development strategy, portfolio value creation, commercial optimisation, route-to-market and market access. - **Quantitative analysis and modelling:** Build, run and challenge models of market fundamentals, asset revenues, dispatch and commercial performance, and interpret outputs from our in-house market models for clients. - **Transaction support:** Contribute to buy side and sell side commercial due diligence assignments across storage, renewables and low carbon infrastructure, helping clients evaluate value drivers, risks and routes-to-market. - **Portfolio and asset insights:** Analyse asset dispatch, hedging strategies and portfolio optimisation opportunities, working closely with developers and independent power producers. - **Client delivery and ownership:** Take ownership of analytical workstreams and produce clear, well-structured slides, reports and dashboards that turn analysis into practical recommendations. As you progress, you will increasingly lead workstreams, manage day-to-day client interactions and support the development of more junior colleagues. - **Building the Madrid team:** Contribute to proposals, thought leadership and the intellectual capital that underpins our Iberian offering, while helping shape the continued growth of the team. ### Your skills and experience The ideal candidate will have experience in several of the following areas: - **Experience:** Up to 3 years of relevant experience gained in consulting, energy markets or related industries, including developers, utilities, independent power producers, trading houses, investors or lenders. - **Iberian market knowledge:** Working knowledge of Iberian wholesale electricity markets, market design, regulation and commercial structures, together with a strong interest in developing this expertise further. - **Storage and flexibility:** Experience in, or strong interest in, the valuation of batteries and other flexible resources, routes to market, and the commercial models that support them. - **Strategy and transactions:** Experience in, or strong interest in, commercial due diligence, growth strategy, market entry and transaction-related work within the power and energy sector. - **Analytical skills:** Strong quantitative and structured problem-solving skills, with advanced in Excel and PowerPoint capabilities. Experience with Python, R, SQL or Power BI would be advantageous. - **Education:** Bachelor's or Master's degree in Engineering, Economics, Business Analytics, Mathematics or a related discipline. - **Communication:** Strong written and verbal communication skills, with the ability to translate analysis into clear, concise and compelling recommendations for senior audiences. - **Ways of working:** Organised, proactive and adaptable, with the ability to work effectively in collaborative, multidisciplinary teams. - **Languages:** Fluent English and Spanish are required. Portuguese would be highly desirable. ## What a career at Baringa will give you ### Putting People First. ### Baringa is a People First company and wellbeing is at the forefront of our culture. We recognise the importance of work-life balance and flexible working and provide our staff amazing benefits. Some of these benefits include: - Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service. - Flexible Working: We know that the ‘ideal’ work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave. - Corporate Responsibility Days: Our world is important to us, so all our employees get 3 days every year to help social and environmental causes and increase our impact on the communities that mean the most to us. - Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We’ve introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice. - Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success. ### Diversity and Inclusion 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. ### An award-winning workplace 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](https://www.baringa.com/en/impact/awards/) to see some of our recent awards and how we’ve achieved this. ### Using business as a force for good. 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. ### Join us 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. ### Baringa Privacy Notices **For UK & EU** Your personal data will be retained by Baringa for up to two years, in accordance with our [UK Recruitment Privacy Notice /](https://www.baringa.com/globalassets/careers/dp-004-ukrpn---uk-recruitment-privacy-notice-pdf.pdf) [EU Recruitment Privacy Notice](https://www.baringa.com/globalassets/careers/dp-005-eurpn---eu-recruitment-privacy-notice-pdf.pdf), 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](mailto:privacy@baringa.com) **For the USA** Your personal data may be retained by Baringa for up to two years, as outlined in our [Recruitment Priv](https://www.baringa.com/globalassets/careers/dp-007-nerpn-amer--apac-recruitment-privacy-notice-word.pdf)