Market Fundamentals Analyst (18-mos Fixed-Term)

Alberta Electric System Operator (AESO); Calgary; Hybrid; CAD 70,000 - 95,000; Full time

Benefits offered by this job

Health and dental benefits

Paid vacation time

4 fixed days off per year

Hybrid work environment

Job summary

The Alberta Electric System Operator (AESO) seeks a Market Fundamentals Analyst for an 18-month term to support forecasting, market analysis, and resource adequacy studies guiding Alberta’s electricity market.

You will work with the Generation Forecasting team to research trends, run simulations, prepare analytics, and deliver data-driven insights, with a hybrid work model (office Tue-Thu).

Qualifications

• Relevant forecasting/analysis in energy markets.
• Experience with market assessments and simulations is preferred.
• Experience with REM/OPF/LMP modelling is an asset.

Responsibilities

• Support development of long-term outlook and market analytics.
• Prepare insights to support Alberta’s electricity market and planning frameworks.
• Contribute to forecasting and analysis for stakeholders.
• Analyze Alberta/interconnected electricity markets and related commodities.

Skills

Energy forecasting

Market analysis

Power systems

REM models

LMP models

Education

Bachelors in Economics/Engineering/Math

Graduate degree asset

Tools

REM models

OPF models

LMP models

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 for an 18-month term. You will support forecasting and market analysis initiatives that inform Alberta’s evolving electricity market. You contribute to market assessments, forecasting, simulation modeling, and resource adequacy analysis to support market design initiatives, grid reliability, and strategic decision-making.

Working closely with the Generation Forecasting team and stakeholders across the AESO, you will research industry trends, develop market outlooks and reports, perform market simulations and financial analyses, and provide data-driven insights to support forecasting activities and business priorities. Success in this role requires strong analytical skills, adaptability, and the ability to manage multiple projects in a dynamic environment.

This fixed term opportunity offers a competitive salary. We also have paid vacation time, 4 fixed days off per year, and health and dental benefits 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 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:

• Support the development of the Long-Term Outlook, market assessments, and ad hoc analyses using production cost, resource adequacy, and market simulation models.
• Prepare analytics and insights to support Alberta's evolving electricity market and transmission planning frameworks.
• Contribute to the 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.
• Assist in the development of presentations, reports, briefing notes, and stakeholder materials.
• Document methodologies, assumptions, processes, and customer requirements.
• Identify and support 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.
• 2-5 years of experience in energy market forecasting, analysis, or a related field.
• Power systems operations and electricity market understanding.
• Experience coding Restructured Energy Market (REM) models, Optimal Transmission Planning models, and locational marginal pricing models is an asset.
• Generation financial modeling experience and business development experience is an asset.
• Experience in commodity markets (i.e., electricity, natural gas, oil) in a forecasting or commercial capacity is an asset.
• Modelling experience incorporating spreadsheets, databases, statistical software and programming languages is an asset; experience with production cost model simulation software 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.