Power Market Engineer

Burns & McDonnell; India; On-site; INR 600,000 - 1,200,000; Full time

Job summary

A leading consulting firm is seeking an Engineer of Resource Planning and Market Assessment. This role involves performing economic analyses, researching US power markets, and modeling for power supply planning. Candidates should have a Master’s in Power/Energy systems or a Bachelor’s in electrical engineering, along with 2-3 years of experience in production cost modeling. Strong data management and analytical skills are essential, as well as proficiency in tools like Excel, Power BI, and industry-specific models.

Qualifications

• Master's degree in Power / Energy systems is preferred or bachelor’s in electrical engineering is must.
• 2-3 years of experience in production cost modeling, and/or power market economics analysis.
• Strong attention to detail and problem-solving skills required.

Responsibilities

• Perform economic analysis to support electric utilities and asset developers.
• Research US power markets and assist in cost & capacity modeling.
• Analyze life-cycle costs and evaluate risks associated with regulations.

Skills

Power / Energy systems knowledge

Production cost modeling

Power market economics analysis

Data management

Statistical analysis skills (Excel VBA, Power BI, R, Python)

Excellent communication skills

Problem-solving skills

Education

Master's degree in Power / Energy systems

Bachelor’s in electrical engineering

Tools

PROMOD

PLEXOS

Excel

PowerPoint

Power BI

R

Python

Job description

Description

The Resource Planning and Market Assessment (RP&MA) team is responsible for economic analysis of various electric utilities across the US, with a focus on integrating renewables and storage to plan for the clean energy grid of the future. We advise our development team, company leadership, and external clients on optimal resource planning decisions. We contribute to investment decisions in solar, wind, battery storage and hydrogen. We are a data-driven team that believes in continuous improvement and collaboration. This means that we are always looking to develop better tools, processes, and modeling approaches through learning and knowledge sharing. We are looking for someone who enjoys challenges, works well in a collaborative team environment, and revels in seeking answers through data analytics. The Engineer of RP&MA Planning is part of a highly skilled professional team and reports to the Manager of the department.

Responsibilities

• Perform a broad range of studies and other consulting services to support electric utilities and asset developers to make decisions backed by business and engineering analysis regarding their investments and power supply requirements, such as integrated resource planning, market assessments, valuations, and power supply RFP evaluations.
• Researching about the US power markets (PJM, MISO, NEISO, SPP, CAISO, WECC, SERC, ERCOT, NYISO) and assisting for the production cost & capacity expansion models development which can be utilized for the power price forecasting and congestion & curtailment risk evaluation.
• Perform forecasts and evaluations utilizing power supply planning software such as capacity optimization and hourly dispatch software models.
• Extracting key operational characteristics and market assumptions from internal sources and third-party databases like S&P Global and Velocity Suite.
• Analyze life-cycle costs by developing and incorporating technical assumptions regarding capital costs, operation and maintenance costs, performance estimates, and economic assumptions and forecasts.
• Conduct technical and business-related risk assessments that evaluate impacts associated with rules implemented by regulatory agencies.
• Developing presentation materials that communicate clearly the analyses performed and conveying insights that help developers better serve their utility customers.
• Support multiple ad hoc projects inclusive of those above, completing them in a timely manner.

Qualifications

• Master's degree in Power / Energy systems is preferred or bachelor’s in electrical engineering is must.
• Prior experience associated with electric utility operations, planning, or consulting is preferred.
• 2-3 years of experience in production cost modeling, and/or power market economics analysis using industry-standard models such as PROMOD or PLEXOS.
• Knowledge of the US power market is preferred.
• Strong understanding of the economics underlying electric power generation and background in power sector modeling, resource cost-benefit analysis, or related complex system modeling.
• Experience in evaluating complex technical and financial issues independently, developing recommendations, action plans, and managing multiple complex assignments simultaneously.
• Strong attention to detail, facilitation, team building, collaboration, organization and problem-solving skills.
• Ability to work methodically and analytically in a quantitative problem-solving environment.
• Strong data management, analysis, and presentation skills (Excel, PowerPoint)
• Excellent written and oral communications skills.
• A willingness to learn new service offerings as client needs and the market requires changes to the service offerings provided by our group.
• Experience with production cost models (PLEXOS, PROMOD, etc.) is preferred.
• Strong understanding of US power market economics.
• Sophisticated data management and statistical analysis skills using Excel VBA, Power BI, R and Python