Market Fundamentals Analyst

Alberta Electric System Operator (AESO); Calgary; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Paid vacation

Flex time

Health and dental benefits

Mental health support

Defined contribution pension plan

Learning and development opportunities

Job summary

The Alberta Electric System Operator (AESO) is seeking a Market Fundamentals Analyst to lead forecasting and market analysis in Alberta's evolving electricity market. You will develop long-term outlooks, run simulations, and support decisions with data-driven insights for grid reliability and market design initiatives.

Ideal candidates have 4–8 years in energy market forecasting, strong quantitative skills, and experience with REM models.

Qualifications

• Undergraduate degree in Economics, Mathematics, Engineering, Business, or a related field.

Responsibilities

• Lead the development of Long-Term Outlook components, market assessments, and ad hoc analyses using production cost, resource adequacy, and market simulation models.
• Deliver analytics and insights to support Alberta's evolving electricity market and transmission planning frameworks.
• Manage the scope, timelines, and delivery of forecasting and analysis for internal and external stakeholders.
• Analyze and provide insights on Alberta and interconnected electricity markets, including related commodity markets.
• Research industry trends and emerging market developments.
• Support data collection, analysis, and reporting initiatives for a variety of stakeholders.
• Document methodologies, assumptions, processes, and customer requirements.
• Identify and implement process improvements to enhance forecasting and analytical capabilities.
• Build and maintain strong stakeholder relationships, while fostering collaboration, knowledge sharing, and teamwork.

Skills

Quantitative analysis

Modeling

Programming

Data interpretation

Education

Undergraduate degree in Economics, Mathematics, Engineering, Business

Graduate degree asset

Tools

Spreadsheets

Databases

Statistical tools

Programming languages

Simulation software

Job description

The Alberta Electric System Operator (AESO) is responsible for the safe, reliable, and economic planning and operation of the Alberta Interconnected Electric System. We provide open and non-discriminatory access to Alberta’s interconnected power grid and also facilitate Alberta’s competitive wholesale electricity market.

The AESO strives to foster an inclusive, diverse and equitable workplace where people feel respected and welcomed for who they are, together we deliver high performance and innovative results.

Job Description

Reporting to the Manager, Generation Forecasting & Resource Adequacy, we are looking for a Market Fundamentals Analyst to lead and support forecasting and market analysis initiatives that inform Alberta’s evolving electricity market. You will conduct market assessments, forecasting, simulation modeling, and resource adequacy analysis to support strategic decision-making, market design initiatives, and grid reliability.

Working across the AESO, you will develop long-term market outlooks, analyze industry trends and policy impacts, prepare forecasting reports, and provide data-driven insights through market simulations, financial modeling, and research. To succeed in this role, you will possess strong analytical capabilities, initiative, and the ability to manage multiple projects and priorities in a dynamic environment.

This full-time opportunity offers a competitive salary. We also have paid vacation and flex time, health and dental benefits, mental health support, a defined contribution pension plan, and learning and development opportunities as part of your overall compensation package. We support a hybrid work environment, where the team is in the office on Tuesdays, Wednesdays, and Thursdays. Mondays and Fridays are flexible for where you work best.

You will enjoy working with us if:

• You value flexibility. We support work life balance with a flexible work approach, recognizing that some weeks may require more onsite presence during key business or operations events.
• You enjoy working with bright, engaged professionals and appreciate learning in a diverse, inclusive environment with teammates who bring a range of backgrounds, experiences, and perspectives.
• You thrive in a dynamic, evolving environment and are energized by opportunities to lead and contribute to transformative change.
• You have strong presentation capabilities, and an ability to interact with senior level stakeholders.
• You demonstrate flexibility, and enjoy being a hands-on self‑starter within a team setting.
• You use critical thinking, quantitative aptitude, and analytical capability when finding solutions to problems.
• You are skilled in communicating with others, both verbally and written.

Accountabilities include but are not limited to:

• Lead the development of components of the Long-Term Outlook, market assessments, and ad hoc analyses using production cost, resource adequacy, and market simulation models.
• Deliver analytics and insights to support the implementation of Alberta's evolving electricity market and transmission planning frameworks.
• Manage the scope, timelines, and delivery of forecasting and analysis for internal and external stakeholders.
• Analyze and provide insights on Alberta and interconnected electricity markets, including related commodity markets.
• Research industry trends and emerging market developments.
• Support data collection, analysis, and reporting initiatives for a variety of stakeholders.
• Contribute to the development and presentation of reports, briefing notes, and stakeholder materials.
• Document methodologies, assumptions, processes, and customer requirements.
• Identify and implement process improvements to enhance forecasting and analytical capabilities.
• Build and maintain strong stakeholder relationships, while fostering collaboration, knowledge sharing, and teamwork.

What you’ll bring to us:

• Undergraduate degree in Economics, Mathematics, Engineering, Business, or a related field; a graduate degree is considered an asset.
• 4-8 years of experience in energy market forecasting, analysis, or a related field.
• Experience developing and applying Restructured Energy Market (REM) models.
• Strong quantitative and modeling skills, including experience with spreadsheets, databases, statistical tools, programming languages, and simulation software.
• Solid understanding of power system operations, electricity markets, and forecasting methodologies.
• Strong analytical, problem-solving, and communication skills, with the ability to translate complex data into actionable insights.
• Experience with Optimal Transmission Planning, locational marginal pricing, and other market modeling approaches is an asset.
• Knowledge of generation asset financial modeling and electricity market development is an asset.
• Experience analyzing electricity, natural gas, or other commodity markets is an asset.

Application deadline: October 25, 2026

If you are contacted for a pre-screening and/or interview, please advise of any accommodation measures required to enable you to fully participate. Information received relating to accommodation measures will be addressed confidentially.

The Alberta Electric System Operator is unable to accept unsolicited agency resumes.

The Alberta Electric System Operator, and its members, officers, employees and agents (collectively, the "AESO") is committed to protecting personal information provided to it. When you submit your personal information to the AESO for the purpose of pursuing employment with the AESO, the collection, use and disclosure of personal information is in accordance with the provisions of the Protection of Privacy Act (POPA) of Alberta.

As noted, the AESO is mandated to maintain the safe and reliable operations of the provincial power grid. As part of meeting its obligations, the AESO may require the successful candidate to undergo a criminal background check for the position. This collection of personal information for the purposes of a check will be conducted in accordance with Section 4 of POPA.