Sr. Analyst, Energy Markets

Capital Power; Calgary; On-site; CAD 90,000 - 140,000; Full time

Job summary

Capital Power is seeking a Senior Analyst, Energy Markets to deliver expert market analysis and forecasting to support investment, asset management, commercial, and trading decisions across North American power markets.

You will lead development of market assumptions, coordinate internal and external teams, and present clear recommendations to senior leadership on market outlooks, risks, and opportunities.

Qualifications

• Degree in economics, engineering, mathematics, statistics, or commerce.
• Master’s degree or professional designation is an asset.
• 5+ years of experience in North American power and gas markets.
• Proven ability forecasting wholesale electricity prices and asset revenues.

Responsibilities

• Own long‑term fundamental power market forecasts (energy, capacity, ancillary services, environmental products) for assigned regions.
• Review, develop, and defend key market assumptions including supply, demand, fuel prices, emissions pricing, and CONE.
• Support asset‑level gross margin projections, dispatch modeling, and financial proformas for budgeting and planning.
• Support business development and expansion by delivering price forecasts, dispatch analysis, and due diligence for new investments.
• Provide strategic market insights to Commercial and S&T teams to support hedging and contracting strategies.
• Coordinate work across internal teams and external consultants, overseeing scope and quality of results.

Skills

Market forecasting

Quantitative modeling

Excel

Python

Executive communication

Independent work

Education

Degree in Economics, Engineering, Mathematics, Statistics, or Commerce

Master’s degree or professional designation (asset)

Tools

Excel

Python

Job description

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system. We’re a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower‑carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We’re here to partner with you so you can learn, grow, and forge a career that’s meaningful to you. Join us in powering North America!

Your Opportunity:

The Senior Analyst, Energy Markets provides expert analysis and market insight to support Capital Power’s investment, asset management, commercial, and trading decisions. This role is accountable for market fundamentals, electricity price forecasts, asset gross margin projections, and strategic market assessments across assigned North American power markets. The Senior Specialist leads market assumptions development across teams, directs consultant/internal work, and delivers clear, decision‑ready recommendations to senior leadership

You Will Contribute to Our Team By:

• Owning long‑term fundamental power market forecasts (energy, capacity, ancillary services, and environmental products) for assigned regions.
• Reviewing, developing, and defending key market assumptions including supply, demand, fuel prices, emissions pricing, policy impacts, and cost of new entry (CONE).
• Supporting asset‑level gross margin projections, dispatch modeling, and financial proformas to support budgeting, long‑term planning, and project valuations.
• Supporting business development and expansion initiatives by delivering price forecasts, dispatch analysis, and due diligence assessments for new investments.
• Providing strategic market insights to Commercial and Supply & Trading teams to support origination, hedging, and contracting strategies.
• Coordinating work across internal teams, managing external consultants, including scope definition, assumption review, quality control, and interpretation of results.
• Preparing and delivering presentations and briefings to cross-functional teams, senior management and executive teams on market outlooks, risks, and opportunities.
• Monitoring regulatory, policy, and market design developments, assessing their commercial, financial impacts and incorporating their implications into price projections.
• Designing and implementing market dashboards for consumption across the company.

What You Will Bring to the Role:

Education & Experience

• Degree in Economics, Engineering, Mathematics, Statistics, or Commerce.
• Master’s degree or professional designation (or progress toward one) is an asset.
• 5+ years of experience in North American power and gas markets.
• Demonstrated experience forecasting wholesale fundamental electricity prices and asset revenues.
• Proven ability to translate complex market dynamics into actionable business recommendations.

Technical & Professional Skills

• Strong understanding of power market structures and regulatory frameworks.
• Ability to work independently, manage ambiguity, and exercise sound judgment.
• Excellent written and verbal communication skills, including executive‑level presentations.
• Advanced quantitative and financial modeling skills (CONE, LCOE, dispatch, gross margin)
• Proficiency in Excel, Python and data analysis tools; exposure to market models is an asset.

Applicants with disabilities who require a reasonable accommodation to complete your application can request accessible formats, communication support, or other accessibility assistance by contacting [e-mail].

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.