Gas Portfolio Analyst

We’re Revolutionizing Energy to Change the World

At Octopus Energy, we’re not your typical utility company. We’re a team of passionate people working every day to make energy 100% renewable, accessible, and fair for everyone.

We believe technology and innovation are key drivers of change . Our mission is to transform the way the world consumes energy breaking down barriers, simplifying processes, and delivering a more human and transparent service.

That’s why our commitment is clear: clean energy should be the norm, not the exception. To achieve this, we combine sustainability with a people-first approach, delivering outstanding service and building a team that shares our vision.

But none of this would be possible without people like you. To keep growing and transforming the energy sector, we’re looking for talent that wants to make a real difference. If you want to be part of this change, bring your energy, and help build a greener future, we want to meet you!!

What Are We Looking For?

We're looking for a Gas Portfolio Analyst to join our Procurement team. In this role, you'll be key to analyzing and managing Octopus Energy Spain's gas portfolio, providing direct support to the Energy Markets team in tracking exposures, designing hedging strategies, and forecasting portfolio consumption.

You’ll work at the intersection of energy markets, risk management, data analytics, and finance, helping us mitigate exposure to price volatility in a dynamic environment shaped by constant regulatory change. If you love making data‑driven strategic decisions, understand gas market fundamentals inside and out, and want to own a high‑impact position, this opportunity is for you!

We Call It the ‘Octopus Effect’

Working at Octopus Energy means being part of a company where culture and people truly matter.

We support flexibility and work‑life balance.

We want you to reach your full potential.

We believe in a fairer, cleaner, and more sustainable energy model.

We’re waiting for you!

What You'll Do

• Monitor and adjust the company’s gas portfolio positions on a daily basis across PVB, TVB, and AVB, ensuring accurate tracking of physical and financial exposures, including Mark‑to‑Market, P&L, hedge coverage, and open position.
• Develop, validate, and improve short‑, medium‑, and long‑term gas consumption forecasts, incorporating customer growth, churn, seasonality, weather effects, and portfolio mix.
• Track and analyse key gas market fundamentals, including LNG flows, storage levels, demand, supply disruptions, weather patterns, geopolitical events, spreads, and forward curve movements.
• Support gas tariff pricing, translating market costs, consumption forecasts, and risk assumptions into competitive retail offers aligned with growth objectives.
• Collaborate with Finance, Data and Commercial teams to ensure gas market assumptions are reflected in tariffs, forecasts & budgets.
• Drive continuous improvements through internal tools, data automation, and reporting optimisation.
• Stay up to date with changes in Spanish and European gas regulation, market rules, balancing mechanisms, and reporting obligations that may affect the portfolio.

What You’ll Need to Shine in This Role

• Proven track record (typically 3‑5+ years) in energy markets, portfolio risk management focused on natural gas.
• Solid understanding of Iberian and European gas markets, including MIBGAS, TTF, LNG dynamics, storage levels, forward curves, price drivers, and hedging products.
• Strong analytical mindset, with experience working with market prices, consumption data, forecasts, portfolio exposures, P&L, Mark‑to‑Market, or risk metrics.
• Hands‑on experience with forecasting, time‑series analysis, portfolio modelling, ideally applied to energy consumption or commodity markets.
• Advanced programming skills in SQL, Python and/or R for data analysis, automation, modelling, or reporting.
• Full professional proficiency in Spanish and fluent, working‑level English to coordinate effectively in an international environment.

Nice to Have

• Postgraduate degree in Quantitative Finance, Energy Economics, Engineering, or a highly quantitative discipline.
• In‑depth knowledge of Spanish and Iberian gas sector regulations (CNMC, CORES, ENAGAS & MIBGAS).
• Experience building dynamic dashboards and BI tools (Lightdash, Power BI, Tableau) for strategic decision support.

Perks & Benefits

• Location: Valencia - Madrid - Barcelona.
• Schedule: Full‑time 40 hours per week.
• Share options in Octopus Energy.
• Breakfast and fresh fruit in the office.
• Flexible benefits (meal vouchers, transport, childcare, health insurance…)
• Support for purchasing electric vehicles.
• Pension plan.
• Product training & professional development.
• Fun, dynamic and inclusive work environment.
• Events: Family Dinners and many more team experiences.

Why You’ll Love Working Here

• At Octopus Energy, we do things differently. We believe in a work environment where you can be yourself, grow professionally, and feel part of a team that truly wants to change the world.
• We’re a Great Place to Work! On Glassdoor, we’ve been ranked among the top 50 best companies to work for, and our culture has been recognised time and time again.
• Curious about how we work? Check out this podcast episode with our CEO talking about our culture and values.

Ready to Join the Change?

If you're excited about building a more sustainable future with us, we’d love to hear from you!

Send us your CV , and if your profile fits, we’ll be in touch.

We can’t wait to meet you!