Energy Market Analyst - Power

ICF; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

ICF is seeking an Energy Market Analyst in Bengaluru, India, focused on power sector modeling projects. The role involves extensive data analysis and requires a Master's degree in Power/Energy systems or a Bachelor's in electrical engineering. Candidates should have at least 1 year of relevant experience and proficiency in industry-standard modeling tools.

Key responsibilities include performing production cost modeling, conducting advanced quantitative analysis, and preparing high-quality reports. Strong skills in Excel and programming are highly valued.

Qualifications

• Master's degree in Power/Energy systems or Bachelor's in electrical engineering is required.
• 1+ years of experience in production cost modeling or economic power market analysis.
• Advanced skills in Microsoft Office, especially Excel and VBA.

Responsibilities

• Collect and analyze data for power sector modeling projects.
• Perform production cost modeling and transmission congestion analysis.
• Prepare high-quality written and electronic products.

Skills

Production cost modeling

Economic power market analysis

Data analysis

Linear optimization

Excel macro programming

Education

Master's degree in Power/Energy systems

Bachelor's in electrical engineering

Tools

GE-MAPS

PROMOD

GridView

PLEXOS

GE-PSLF

PSS/E

PowerWorld

CYMDIST

Job description

Energy Market Analyst

We are looking for an Energy Market Analyst to assist ICF in contributing to the development of innovative, accurate, timely, and high-quality products and services. The role typically involves working on multiple projects with all levels of staff, applying academic knowledge, gaining exposure to major projects, and interacting with experts and clients in the field to build content knowledge and consulting skills.

What You’ll Be Doing

• Collecting and analyzing data for power sector modeling projects such as technology characterizations, regional load and energy demand data, and emissions control technologies cost and performance.
• Perform production cost modeling and transmission congestion analysis of power markets.
• Assist in modeling and analysis of nodal power markets, including financial calculations and other standard asset valuation related tasks.
• Assist in load flow analysis of transmission and distribution systems, including steady state, contingency, and dynamic analysis.
• Lead data input and output processes and maintain datasets and templates required for nodal power markets modeling.
• Research and keep the broader group updated on the latest power market developments in prominent ISO/RTO markets that influence power price forecasts, electric transmission congestion, and other factors affecting power price fundamentals.
• Perform advanced quantitative analysis of transmission systems worldwide to assess and forecast the future of electric reliability, transmission bottlenecks, and regulatory effects.
• Support modeling and policy analysis related to transmission, renewable energy, smart grid, and distribution.
• Develop code and macros to process and manage large datasets.
• Prepare high-quality written and electronic products.

What You’ll Need

• Master's degree in Power/Energy systems or Bachelor's in electrical engineering (required).
• 1+ years of production cost modeling and/or economic power market analysis experience (including internships).
• Experience in production cost modeling using industry-standard models such as GE-MAPS, PROMOD, GridView, or PLEXOS.
• Basic knowledge of industry-standard power flow tools such as GE-PSLF, PSS/E, PowerWorld, or CYMDIST.
• Strong quantitative and/or modeling skills, specifically database management and data analysis skills.
• Knowledge of linear optimization and energy and environmental markets is an advantage.
• Advanced Microsoft Office (Excel and VBA) skills.
• Knowledge of Excel macro programming and other programming languages.
• Good research skills.
• Strong analytical and organizational skills.
• Ability to prioritize and work on multiple projects under strict deadlines in a fast-paced environment.
• Excellent written and oral communication skills.
• Collaborative work style with project teams and clients to achieve established goals.

Location: New Delhi, India.