Consultant – Power Markets Advisory | Iberia

Our Markets & Transactions practice is looking for Consultants to join our Madrid team, focused on Iberia power markets, renewables and battery storage.

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 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.