Market Analyst, Market Power Mitigation
Company: ISO New England
Location: Holyoke
Posted on: January 23, 2023
|
|
|
Job Description:
Market Analyst, Market Power Mitigation
ISO New England Inc., One Sullivan Road, Holyoke, Massachusetts,
United States of America
Req #679
Monday, December 19, 2022
This role is with the internal market monitoring (IMM) group in ISO
New England. Market monitoring is responsible for protecting both
consumers and market participants in the wholesale electricity
markets by mitigating the impacts of uncompetitive bidding,
identifying and reporting market design issues and market
manipulation, and evaluating market performance. In fulfilling this
role, we rely on a multidisciplinary team with expertise in
economics, financial analysis, engineering, data science and
law.
How You Will Make an Impact
This analyst will play an important role in implementing the market
power mitigation rules in the wholesale energy markets, and thereby
helping to ensure that prices are set at competitive levels. You
will get a unique insight into the capital and operating costs of
generators, ranging from existing fossil fuel generation to
emerging new technologies such as battery storage, as the grid
transitions to clean energy. The analyst will interact with project
owners and existing participants, and conduct production cost and
financial analysis in the evaluation of offers in the energy and
capacity markets. You will also have a role in conducting empirical
analysis assessing the effectiveness of the mitigation rules,
developing and reviewing market reports and screens, and monitoring
participant behavior for compliance with the market rules.
*Paid participation in the monitoring and mitigation on-call
rotation, which includes some weekend on-call duties
*Hybrid work schedule with up to 2 days remote
How you will make an impact
Create and analyze large datasets containing generator offers, fuel
input and operational data
Develop screening tools to identify tariff violations and market
manipulation in the energy market
Perform the energy market mitigation duties as set out in the
market rules
Create production cost models for existing and new resources used
to determine competitive benchmarks (reference levels) in energy
market mitigation assessments. Assess the reasonableness and
veracity of inputs into the reference level calculations, such as
heats rates, and variable operation and maintenance costs
Review and develop market reports providing situational awareness
of market outcomes, competitiveness and mitigation
Evaluate the offers of new generators seeking to enter the capacity
market and existing capacity generators seeking to exit the
capacity market
Perform due diligence quality reviews of financial reports, project
financing models, risk assessments and engineering studies
associated with the development of new resources and the exit of
existing capacity resources from the capacity market
Assist in the development, testing and implementation of tools
required to operate and develop the mitigation functions in the
energy and capacity market
What We Are Looking For
Bachelor's degree in Economics, Finance, Engineering, Business
Administration or related field.
Experience or interest in wholesale electricity markets or in the
electric utility industry
Familiarity with wholesale electricity and gas markets, as well as
an understanding of inputs and drivers of production and
opportunity costs. Knowledge of costs across the power plant asset
life cycle (build -> operation -> retire) desirable
Ability to thoroughly analyze data, and assess power buying and
selling strategies from the perspective of a profit maximizing
market participant
Financial analysis skills - understanding of discounted cash flow
models and modeling techniques
Ability to identify anomalous outcomes and behavior, identify
potential gaps in the current electricity market rules, and assess
how participants could exploit such gaps
Demonstrated ability to work to tight deadlines, and efficiently
and collaboratively with others.
Experience with Excel, SAS, SQL or other relational database
software to perform analysis on large databases (desirable)
Experience with risk evaluation techniques (desirable)
Excellent written and oral communication skills, and ability to
communicate technical concepts to a broad audience
The position is open to qualified candidates at various levels,
ranging from Associate to Senior Analyst. The level depends on a
number of considerations, including, but not limited to:
experience in a similar role
technical proficiency
academic background
ability to manage and lead projects
ability to mentor analysts, and
level of communication and interpersonal skills
Clarity of purpose is the starting point for all success. The ISO's
mission, vision, and values define our purpose-these values serve
as the cultural cornerstones of theorganization.
Mission: Through collaboration and innovation, ISO New England
plans the transmission system, administers the region's wholesale
markets, and operates the power system to ensure reliable and
competitively priced wholesale electricity.Vision: To harness the
power of competition and advanced technologies to reliably plan and
operate the grid as the region transitions to clean energy.Values:
Expertise, Respect, Innovation, Dependability and CollaborationWhat
We Offer: Located in Holyoke, MA amid the picturesque Pioneer
Valley of Western Massachusetts, our employees get the best of both
rural and urban living, enjoying day-to-day local community culture
and conveniences with drivable access to big city amenities. Our
competitive base salaries, performance-driven bonus incentive
offering, as well as a variety of health, wellness, and
professional development benefits underscore the value we place in
our employees. Beyond our comprehensive medical, dental, and vision
plans, we encourage continuous learning through our training and
tuition reimbursement programs and support work-life balance with
flex hours, hybrid work models for most roles, and paid vacation
and holidays. Our benefits strive to fulfill the needs of our
employees across life's stages, with paid parental time off, health
and wellness programs, 401k with company match, and a retirement
plan. For the convenience of our employees, we offer complimentary
access to our onsite fitness center and a cafeteria with free
coffee. COVID-19 Policy: Employee safety and well-being is a
priority at ISO New England. To safeguard our teams and the
important work they do, ISO New England has a mandatory COVID-19
vaccination policy.Equal Opportunity: We are proud to be an EEO/AA
employer. Applicants for employment are considered without regard
to race, creed, color, citizenship, religion, sex, sexual
orientation, marital status, national origin, age, disability,
status as a veteran, Vietnam Era Veteran, or being a member of the
Reserves or National Guard.
Drug Free Environment: We maintain a drug-free workplace and
perform pre-employment substance abuse testing.
Social Networking Notice: ISO New England reserves the right to
review the candidate's postings on any social networking site
accessible in the public domain as part of the candidate assessment
process.
Other details
Pay Type
Salary
Telecommute %
40
Apply Now
Share this job:
Keywords: ISO New England, Springfield , Market Analyst, Market Power Mitigation, Professions , Holyoke, Massachusetts
|
Click
here to apply!
|
