Sr. Specialist, Markets PJM

Capital Power Corporation; Edmonton; On-site; CAD 85,000 - 110,000; Full time

Job summary

Capital Power Corporation, located in Edmonton, Alberta, is looking for an expert analyst for PJM and Eastern power markets. Your role will involve analyzing market dynamics, supporting investment decisions, and enhancing market models while collaborating with various teams.

The ideal candidate will have over 5 years of experience in the power sector, along with strong analytical skills and a degree related to Economics or Engineering. The position offers a hybrid work environment with opportunities to impact energy strategies.

Qualifications

• 5+ years experience in power and gas market expertise in PJM.
• Experience forecasting US wholesale electricity market fundamentals.
• Strong analytical and modelling skills with attention to detail.

Responsibilities

• Provide expert analysis on PJM and Eastern power markets.
• Support investment and risk decisions with forecasts.
• Collaborate across teams to enhance fundamental market models.

Skills

Power and gas market expertise

Quantitative modelling

Financial analysis

Communication skills

Education

Degree in Economics, Mathematics, Statistics, Engineering or Commerce

Master’s degree or progress toward one

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 to power a lower-carbon future. 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.

Responsibilities

Reporting to the Director, PJM and Head of Energy Markets, this role provides expert analysis on the PJM and Eastern power markets. Responsibilities include supporting investment and risk decisions, collaborating across teams to enhance fundamental market models, and developing long‑term forecasts (e.g., hourly energy prices, capacity markets and asset revenue projections) to support corporate energy goals.

You will contribute to our team by:

• Monitoring external publications, market developments in market design and regulation change that could impact prices dynamics and translate and update fundamental model assumptions data set.
• Building and improving long term power markets fundamental modeling
• Analyzing and benchmarking trading model results (e.g. forwards) and proposing improvements and alignment with long term fundamental views.
• Supporting our Trading and Commercial teams in creating a profitable portfolio by providing modeling and analysis of the profitability and risks of its different businesses.
• Working cross‑functionally across the business to develop and improve quantitative fundamental models.
• Creating and updating presentations on market‑related topics and liaison with other corporate teams such as government relations, regulatory, compliance, environment.
• Directing and supporting consultant engagements as needed, analyzing third party forecasts while creating and implementing appropriate tools such as BI reports and AI tools.
• Working closely with Trading, Commercial, Regulatory and Energy Markets to ensure alignment of parties on key assumptions and assess potential risks and opportunities for that market through activities such as analysis, reports, P&L and scenario analysis.
• Managing internal and external resources, inclusive of activation and lead consultants to analyze, model, and construct market pricing forecast, cost of new entry (CONE), nodal prices, unit dispatches and gross margin projections of our assets in the jurisdiction.
• Carrying specific analyses and making recommendations to Management to support Asset Management Plans, Hedging strategy, Budget, Long Term Plan , investments, and contracting opportunities.

What you will bring to the role

• Education: Degree in Economics, Mathematics, Statistics, Engineering or Commerce. Master’s degree or progress toward one is an asset. Professional designation is an asset.
• Experience: 5+ years in power and gas market expertise in the PJM and eastern interconnect complex energy and capacity markets. Experience forecasting US wholesale electricity market long‑term fundamentals including demand, supply, energy prices and capacity prices. Experience forecasting prices, revenue and financial gross margins of thermal and renewable assets.
• Technical & Other Skills: Financial skills, able to model cost of new electric generating technology, CONE and LCOE modeling. Modelling and analytical skills with strong attention to detail with experience in quantitative modelling. Strong communication skills, ability to explain complex issues and present them in a clear and concise manner. Proactive, detail‑oriented, and capable of independent decision‑making. Able to manage ambiguity, conflict, and dynamic workloads. Provide strategic recommendations to senior management.

Working Conditions

Hybrid Office/Work from home position, with possible very minimal travel to meet business users at Capital Power facilities or other offices.

Additional Details

This position will remain open until a suitable candidate is found.

In order to be considered for this role you must be legally eligible to work in Canada.

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.