Responsibilities
- Designs data science models for forecasting and supports the formulation of market policies and design improvements.
- Conducts descriptive analysis of energy market operations, including day-ahead and real-time markets, reliability services, congestion revenue rights, and system performance metrics.
- Creates and deploys business solutions such as new market products, constraints, or procedural enhancements.
- Addresses moderately complex engineering challenges and provides technical support for market software to assess solution optimality.
- Supports production processes for default energy bid calculations and commitment cost assessments, analyzing all bid components for accuracy and market impact.
- Applies engineering fundamentals and production cost modeling to assess requests for adjustments to maintenance adders, considering unit behavior and market dynamics.
- Uses mathematical optimization techniques to calculate opportunity costs for gas-fired generation units in compliance with regulatory standards.
- Assists in evaluating and negotiating custom default bids and opportunity costs, aligning analytical rigor with market rules to enhance efficiency.
- Tracks, evaluates, and reports on market outcomes, focusing on performance and operational effectiveness.
- Identifies emerging trends such as price fluctuations and cost surges, diagnosing underlying structural issues in market design.
- May design long-term performance indicators and detect systemic challenges within market operations.
- Prepares reports and develops interactive dashboards and visual tools to convey analytical findings and trends.
- Engages in cross-functional project teams as assigned.
- Works with market participants, regulators, and stakeholders to build analytical frameworks supporting decision-making and market development.
- Delivers technical analysis, reporting, and data support to internal departments and external organizations.
- Contributes to the creation of new data-centric offerings related to energy market operations.
- Maintains current knowledge of advancements in energy markets, data science, and analytical technologies.
Responsibilities
- Develops data science algorithms for predictive analytics and supports the successful development of market design and policies.
- Performs descriptive analytics for the energy market including day-ahead and real-time, energy and reliability services, congestion revenue rights as well as operational performance.
- Develops and implements business solutions such as new market products and/or new market constraints and procedures.
- Works on moderately complex engineering problems and provides engineering support in the market software as needed to determine optimality of market solutions.
- Supports the production activities for default energy bid (DEB) calculations, commitment costs, including complex analysis of all components of the default bids and commitment costs, to ensure the accuracy of the inputs and the calculation of the bids, and its impact on the market outcomes.
- Leverages engineering principles, production cost modeling, and generation simulation to evaluate market participant requests for adjustments to major maintenance adders, while analyzing resource operating characteristics, market operations, and price volatility.
- Utilizes complex mathematical optimization models to compute opportunity costs for gas-based units, ensuring adherence to ISO Tariff regulations and business practice manuals.
- Supports the evaluation and negotiation of custom DEBs and opportunity costs, balancing analytical precision with market compliance to optimize overall market efficiency and operational performance.
- Monitors, analyzes and reports on market results, its efficiency and effectiveness.
- Monitors and detects emerging market trends, such as prices and cost spikes, and identify root causes of market design gaps.
- May develop and implement long-term market metrics and identify systemic market issues.
- Develops and presents reports; builds interactive dashboards, and visualizations to communicate insights and trends.
- Participates in cross functional teams as assigned.
- Collaborates with market participants, regulators and other stakeholders to develop analytics to support business decisions and market design.
- Provides technical, analytical and reporting support to internal business units and external entities.
- Supports the development of new data-driven products and services related to energy markets.
- Stays up-to-date with the latest developments in energy markets, data science, and technology.
