Power Fundamental Analysis - Manager or Senior Manager

Houston, TX 77002 | Work from home flexibility

Posted: 06/06/2024 Industry: Energy-Front Office Job Number: 1792

Job Description

An international energy company in Houston seeks a Manager/Senior Manager of Power Fundamental Analysis to support its IPP/Power, Renewable Power, and LNG businesses. This newly created role will continue building the power fundamentals infrastructure for the U.S. business. The Fundamental Analysis team provides internal POV on key power markets, aids corporate strategy initiatives, including capital projects and M&A activity, and supports asset trading. This role reports to the Head of Fundamental Analysis and extensively interacts with the Commercial Operations, Quantitative Analysis, and Market Risk teams.

Responsibilities include:
  • Fundamental Analysis responsibilities for conventional and renewable energy power plants (PJM, NYISO, NEISO, ERCOT) and natural gas and LNG assets. Develop and maintain best practices in reporting and analytics for the business units.
  • Mentor and manage a small fundamental analysis team of senior analysts and analysts while serving as a working Manager/Senior Manager.
  • Build, maintain, and run zonal and nodal dispatch models and BI reporting tools.
  • Develop short and long-term regional supply and demand models, focusing on a 5-20-year modeling horizon that supports forward margin analysis and PPA / M&A activity.
  • Provide internal points of view on key fundamental drivers of the East and ERCOT power markets. Ad hoc analysis on CAISO and MISO.
  • Track market rule changes, plant retirements, new builds, transmission upgrades, near-term demand, and fuel prices.
  • Provide power price forecasts, market drivers, and related congestion impacts.
  • Forward view on generation, transmission, load, and impact on power prices and heat rates.
  • Enhance or develop capacity market, stack, and REC models by region.
  • Identify market inefficiencies, price opportunities, and strategies for the asset traders.
  • Monitor industry regulations, writing/ presenting white papers to key stakeholders.
  • Work directly with the Quantitative and Market Risk Heads (also in the CRO group) to build “enhanced” analytics and sensitivities.
  • Assist the Head of Fundamental Analysis with KPIs and board reporting.

Professional and Educational Requirements:
  • A bachelor's degree in a business discipline with an advanced degree preferred.
  • Minimum 5+ years of professional experience in power fundamental modeling for the North American power markets at a utility, IPP, merchant trading firm, or energy consulting firm
  • Desire to be a part of a high-performing and analytical team.
  • A detailed understanding of the North American power supply/demand and infrastructure fundamentals.
  • Experience with one or more markets: CAISO, ERCOT, MISO, NEISO, NYISO, PJM or SPP.
  • Experience with market dispatch software, including PLEXOS, AURORA, DAYZER, GE-MAPS, PROMOD, PSO, or similar software packages.
  • Model-building skills; experienced with analytical and data manipulation applications.
  • Experience with programming with at least one software language generally used in financial models like VBA, MATLAB, Python, R, SAS, etc. (highly desired).

Employees work three days in the office and two remotely.

Job Requirements

power, renewable power, power generation, fundamental analysis, fundamental modeling, PLEXOS, supply & demand, electricity

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