Senior Market Fundamentals Specialist

Current ENMAX employees are encouraged to apply through their internal Workday access.

Posted: September 8, 2025

Closing Date: September 21, 2025

Position Type: Permanent

Union: Exempt (MP) ENMAX Values

– Safety, Integrity, Accountability, Service, Teamwork, Agility, Innovation

The

Senior Market Fundamentals Specialist

serves as ENMAX’s senior subject matter expert on Alberta’s Restructured Energy Market (REM), leveraging deep expertise in market design, congestion and transmission dynamics, and provincial and federal environmental policies to produce high-value forecasts and insights. This role, with direction from management, leads strategic initiatives, provides mentorship, and delivers enterprise-wide intelligence that shapes ENMAX’s long-term outlook and commercial strategy.

Major Responsibilities

- Lead the development and communication of long-term Alberta electricity market outlooks using PLEXOS, Aurora XMP or other production cost modeling platforms, ensuring robust forecasts that guide corporate strategy.

- Mentor and coach market specialists, providing guidance in analytical methodologies, market fundamentals, and best practices to build team capability.

- Serve as ENMAX’s subject matter expert on the Restructured Energy Market (REM) and Clean Electricity Regulations (CER), with expertise in congestion management, Financial Transmission Rights (FTRs), transmission dynamics, and provincial and federal environmental policy frameworks.

- Deliver timely and high-quality analyses by adapting scope and priorities to meet tight deadlines, ensuring decision-makers have actionable insights when needed most.

- Identify and quantify commercial and regulatory risks through comprehensive scenario and sensitivity analyses that inform trading, retail, generation, regulatory advocacy, and strategic planning.

- Build and defend ENMAX’s proprietary market views on supply-demand dynamics, price formation, and bidding behavior, aligning perspectives across trading, retail, strategy, and operations.

- Translate complex data and policy analysis into clear, executive-ready narratives that support the Board, senior leadership, and external stakeholders.

- Represent ENMAX in industry consultations, stakeholder engagement, and regulatory forums, providing thought leadership on Alberta market design and evolution.

- Oversee and continuously improve core forecasting and reporting processes, driving efficiency and innovation through automation and advanced modeling approaches.

- Lead cross-functional initiatives that integrate market fundamentals with broader business objectives, creating value across multiple business units including trading, retail, generation, regulatory, and commercial operations.

Education Required

- Master’s degree in Engineering, Economics, Analytics, Computer Science, Finance, or related field (PhD or MBA an asset).

Qualifications

- 7–10 years of industry experience in competitive electricity markets.

- Comprehensive expertise in Alberta’s Restructured Energy Market (REM), with deep knowledge of congestion management, Financial Transmission Rights (FTRs), and evolving market design and compliance rules.

- Strong understanding of provincial and federal environmental and climate policy frameworks, including Clean Electricity Regulations (CER), GHG compliance, carbon pricing, and renewable energy credits (REC) markets.

- Expertise in Alberta electricity and natural gas markets, including dispatch control, unit bidding behavior, generation cost structures, and key supply-demand drivers.

- Advanced statistical and econometric modeling skills, with ability to forecast market outcomes, quantify sensitivities, and translate fundamentals into actionable commercial insights.

- Proficiency in production cost modeling and scenario analysis; strong skills in Python, SQL, and Excel/VBA (Databricks and Azure an asset).

- Strong background in financial and market analysis, including valuation, portfolio optimization, and risk assessment.

- Strong grasp of weather–supply/demand relationships and their impact on market volatility.

Competencies

- Proven problem-solving, collaboration, and stakeholder engagement skills,

- Strong time and task/project tracking skills with the ability to manage competing priorities and deliver under tight timelines.

- Self-starter, adaptive, detail-oriented, and tenacious with a keen interest in the energy market, a passion for data analytics, and a drive to innovate and grow.

- Excellent written and verbal communication skills with the ability to clearly communicate complex market and policy concepts to executives and stakeholders.

Did we mention the ENMAX Advantage?

We offer competitive compensation including a comprehensive flexible benefits program, non-downtown location that includes great building amenities such as free onsite fitness facility with programming geared to employee’s needs, onsite childcare centre (upon availability, offered from our ENMAX Place location 141 – 50 Ave. SE), free parking and much more. If you share our values and would like to make a difference with your career, join the team and see where the ENMAX possibilities can take you.

Location:

This role will be part of our hybrid (home and office) workforce with office workspace located at ENMAX Place

(141 - 50th Avenue SE, Calgary, AB)

. You will work from home on Mondays and Fridays and in the office on Tuesdays, Wednesdays, and Thursdays.

Note

- This position may be filled at either the Senior Market Fundamentals Specialist or Market Fundamentals Specialist level, depending on candidate skills and experience.

- If we can provide an accommodation or adjustment to make the process more accessible for you, please let us know. ENMAX welcomes all qualified applicants to apply and is committed to a safe and respectful workplace. It is our aim to have a workplace which is inclusive and values safety, diversity, personal integrity, respect for individual differences, and encourages ownership and accountability for our actions.

- Every ENMAX employee is responsible to take reasonable care to protect the health and safety of themselves, of all other workers, and of the public. Each employee must become familiar with safety procedures and rules applicable to their job and are required to follow them while working at ENMAX.

- Must be legal to work in Canada and requires the successful completion of a criminal background check. Two pieces of valid Government issued ID will be required.

In the spirit of reconciliation, we respectfully acknowledge that we live and work on the traditional lands of Indigenous Peoples. ENMAX headquarters is in Calgary, Alberta, the traditional territory of the Blackfoot Confederacy, comprised of the Siksika, Kainai, Piikani, and Amskapi Piikuni Nations; the Tsuut’ina Nation; and the îyârhe Nakoda Nations of Chiniki, Bearspaw, and Goodstoney, and home to the Métis Nation of Alberta, as well as many diverse Indigenous people who have made the city their home. We are committed to strengthening relationships with Indigenous Nations and peoples in all communities where we operate, through respect and collaboration.

Please visit our careers page to learn more about other opportunities at ENMAX Corporation.