Energy Market Analyst - The Energy Authority : Job Details

About The Energy Authority

The Energy Authority (TEA) is a nonprofit energy trading corporation with over 240 employees based in Jacksonville, Florida and Bellevue (Seattle), Washington. We are owned by 7 public power utilities, and our mission is to serve public power clients across the United States. Currently, we service over 60 public power clients by providing access to advanced resources and technology systems so they can respond competitively in the everchanging energy market landscape.

SUMMARY

TEA's Corporate Analytics team uses their diverse backgrounds and skillsets to solve highly technical and challenging problems related to energy markets. We are looking for a motivated, self-driven individual to join the Corporate Analytics team as an Energy Market Analyst. In this role, you will manage the financial transmission rights (FTR) portfolios of TEA's members and clients, provide expertise, analysis, and strategy recommendations for client participation in the FTR allocation and auction processes, forecast nodal/zonal energy prices, as well as perform transmission pricing studies and power network modeling. You will help drive innovation by developing and maintaining in-house software tools for energy market analysis, building your market domain knowledge, and cultivating strong relationships with our external clients and internal stakeholders. This is a high-impact role in which your work will be visible, your contributions will make a difference, and you will have the opportunity to learn something new every day.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Perform ongoing congestion rights analysis for one or more RTO markets

• Build and maintain a suite of in-house software tools and data pipelines for energy market analysis using R, Python, SQL, and/or other programming languages
• Model and evaluate the impact of market design changes and topological changes such as new generation, new storage, and transmission line buildouts on future energy prices
• Forecast nodal/zonal energy prices for energy markets (RTO and bilateral) across both short-term and long-term time horizons using fundamental models as well as data science models
• Assist clients in evaluating request for proposals (RFPs) for existing and proposed renewables, storage, and transmission projects
• Monitor RTO market working groups for rule changes related to congestion rights and day-ahead energy markets
• Communicate clearly and succinctly with audiences of different backgrounds during meetings and presentations

EDUCATION

• Bachelor of Science in Electrical Engineering (Power Systems), Quantitative Finance, Computer Science, Data Science, Operations Research, Economics, Math, or other quantitative fields of study.
• If no prior full-time work experience, Master of Science or higher is preferred.

EXPERIENCE

• For a junior-level position, minimum 6 months of relevant work experience in the electric utility industry (e.g. ISO/RTO, utility, energy trading firm, software vendor, consulting, etc.). Experience with congestion rights (e.g. ARRs, FTRs, CRRs, TCRs, and/or TCCs) is preferred.
• For a senior-level position, minimum 3 years of relevant work experience in congestion rights and/or power system software development is required. Experience with congestion rights (e.g. ARRs, FTRs, CRRs, TCRs, and/or TCCs) in one or more RTO markets is expected.
• Proficiency (must be able to understand and write code) in one or more programming languages. Advanced proficiency in R and/or Python is preferred.
• Proficiency with modeling the transmission network in a commercial production cost modeling / SCED / power flow software tool.
• Coursework in at least one of the following areas: power system analysis, power system economics, power system operations and planning, optimization, data analysis, and object-oriented programming. If no relevant coursework, relevant work experience is also considered.
• Knowledge about organized electricity markets, especially the ARR/FTR/CRR/TCR/TCC market, day-ahead market, and real-time market. Working knowledge of at least one ISO/RTO market is preferred.
• If you do not meet 100% of the above qualifications but see yourself contributing to our team, please submit your resume.

OTHER SKILLS & ABILITIES

• Hands-on programming experience is required.
• Software experience with large-scale power flow and production cost simulation tools, such as PSS/E, PowerWorld, CES Dayzer / Tranzer, PROMOD, GE MAPS, AURORA, and/or PLEXOS, is preferred.
• Ability to work independently as well as collaboratively.
• Ability to be detail-oriented and thorough during projects.

COMPENSATION

This position can sit in our Jacksonville, FL office or Bellevue, WA. Our base salary ranges are determined by role, level, and location. Within the range, individual pay is determined by job-related skills, experience, and relevant education or training. If sitting in Bellevue, WA, you may be hired at entry, mid, or senior level - $ 75,396 - $102,006; $86,705 - $134,903; $113,338 - $176,341, with an annual target short-term incentive rate of 15% of base salary based on corporate, team, and individual performance.

Benefits include paid time off beginning at the rate of 17 days per year, nine paid holidays, 401(a) employer contribution and 457(b) deferred compensation retirement savings plans, medical, dental, vision, life, AD&D, and disability insurance, and health savings and flexible spending accounts.

In addition, we offer great work-life balance and company culture with exposure to clients and high visibility to senior executives. Learn new things every day – you will never be bored!

TEA is willing to consider full-time remote employment for qualified candidates.

TEA is willing to provide employment sponsorship (H1B / Green Card) for qualified candidates.