Power Congestion Sr Analyst_TRPC1I

What You Can Expect

As a Power Congestion Senior Analyst, you will report to Director Congestion Trading and provide quantitative and fundamental analytics for US electricity markets to improve grid modeling and congestion analysis. Every day, you will perform cost modeling by using DAYZER to forecast nodal electricity price components and analyze weather patterns and fuel prices to predict the base electricity prices. 

 

Electric Reliability Council of Texas (ERCOT) and Pennsylvania New Jersey Maryland Interconnection (PJM) or Midcontinent Independent System Operator (MISO) congestion analysis

Execute production cost models (Dayzer preferred) by systematically analyzing and updating the inputs as appropriate

Develop and execute appropriate scenario studies pertinent to the period of study and systematically analyzing the results

Develop systematic and repeatable approach to form fundamental views with respect to congestion trading

Analyze and determine drivers of Day Ahead and Real Time congestion market outcomes based on macro-fundamentals (supply, demand, renewables) and micro-fundamentals (specific transmission and generation outage impacts, bids, facility limits).

Develop and test innovative trade ideas and strategies

Identify model gaps by calibrating the model results to market outcomes and determine appropriate solutions

Recommend and implement process improvements to the enhance fundamental trading

Participate in ISO meetings as appropriate and assess commercial impacts

Collaborate with IT personnel to maintain and improve trade tools

Develop and maintain dispatch and flow models, communicating fundamental developments and views to stakeholders

Build models to track market fundamentals and regularly benchmark against actualizations

 

 

What You’ll Bring

A minimum of Bachelor’s Degree in which you completed courses in Engineering/Business/Finance or relevant disciplines

Two years of work experience with production cost modeling, congestion analysis or wholesale electricity market experience in the relevant ISO

Minimum of five years of work experience in the energy or finance industry

Experience in ERCOT, PJM or ISO congestion market

Strong understanding of power grid optimization, powerflow shift factors, line-outage distribution factors and contingency analysis

Strong analytical skills

Willingness to engage in dialogue and debate with colleagues

Proficient in coding such as Structured Query Language (SQL)/ Python

Knowledge of statistical techniques

Ability to meet highest attendance requirements

Ability to communicate effectively, both written and verbally

Ability to handle multiple assignments on a timely basis with a high degree of accuracy

 

Additional Details

• This role is eligible for our hybrid work policy, 4 days working in the office Monday through Thursday
• Must be willing and able to comply with all ENGIE ethics and safety policies 

 

Compensation

Salary Range: $99,000 – $151,800 USD annually

 

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

 

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors. 

 

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

 

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

 

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match.