Power Congestion Analyst II

What You Can Expect

As a Power Congestion Analyst II, 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) Independent System Operator (ISO) 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

Assist with ad-hoc fundamental analyses

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

A minimum of two (2) years’ work experience in congestion markets analysis, power plant economics, price forecasting, trading, or a related discipline

Six (6) months of experience with production cost modeling, congestion analysis or wholesale electricity market experience in the relevant ISO

Experience in ERCOT or PJM 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

Compensation

Salary Range: $74,900 – $131,040 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. But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

We value internal mobility and will offer sponsorship for this role to internal candidates only.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.

Business Unit: GEMS

Division: GEMS - BP AMERICAS

Legal Entity: ENGIE ENERGY MARKETING NA, INC.

Professional Experience: Junior (experience < 3 years)

Education Level: Master's Degree

Why this matters to us

Our organisation is an equal opportunity employer and is committed to fostering a diverse and inclusive workplace. We offer reasonable accommodations upon request for individuals with disabilities.