Research Analyst - Power Market

woodmac; Gurugram District; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Wood Mackenzie in Gurugram, India, is seeking a Research Analyst to join our Power & Renewables team focusing on South Asia power market analysis and modelling. You will build deep understanding of market dynamics across India and the region.

The role involves market research, policy analysis, model maintenance, and turning complex outputs into clear client insights for reports, with opportunities for client engagement, cross‑disciplinary collaboration, and exposure to cutting‑edge topics like

Qualifications

• 3–6 years of work experience in utilities, developers, consultancy/research providers, universities or think-tanks.
• Strong analytical/quantitative skills with modelling or commercial analysis in power markets.
• Experience in market research or policy/regulatory analysis in India or South Asia is highly desirable.
• Experience with optimisation models such as Plexos, Aurora or SDDP is a plus.
• Comfortable handling large datasets and using Python, SQL and Power Query for data work.

Responsibilities

• Track supply, demand and investment trends in India and South Asia markets.
• Analyze policy and regulatory landscapes and their impact on market outcomes.
• Run and maintain regional power market models to produce technology and price outlooks.
• Translate model outputs into clear, actionable insights for research reports.
• Support client engagements by responding to queries and presenting findings to stakeholders.
• Collaborate with a global team of power and renewables experts on cutting-edge topics.

Skills

Intellectual curiosity

Collaboration

Attention to detail

Client service focus

Analytical skills

Modelling

Python

SQL

Power Query

Plexos/Aurora/SDDP

Tools

Plexos/Aurora/SDDP

Job description

Wood Mackenzie is the global leader in analytics, insights and proprietary data across the entire energy and natural resources landscape.

For over 50 years our work has guided the decisions of the world's most influential energy producers, utilities companies, financial institutions and governments.

Now, with the world's energy system more complex and interconnected than ever before, sector-specific views are no longer enough. That's why we've redefined what's possible with Intelligence Connected.

By fusing our unparalleled proprietary data with the sharpest analytical minds, all supercharged by Synoptic AI, we deliver a clear, interconnected view of the entire value chain. Our trusted team of 2,700 experts across 30 countries breaks siloes and connects industries, markets and regions across the globe.

This empowers our customers to identify risk sooner, spot opportunities faster and recalibrate strategy with confidence - whether planning days, weeks, months or decades ahead.

Wood Mackenzie

Intelligence Connected

WoodMac.com

Wood Mackenzie Brand Video

Wood Mackenzie Values

• Inclusive - we succeed together
• Trusting - we choose to trust each other
• Customer committed - we put customers at the heart of our decisions
• Future Focused - we accelerate change
• Curious - we turn knowledge into action

The role offers a chance to join Wood Mackenzie's highly respected Power and Renewables (P&R) Research team, focusing on South Asia power market analysis and modelling. Our P&R team is known for producing market-leading research, delivering integrated, in-depth power curves and market outlooks. We conduct thorough analysis and collaborate across disciplines, combining extensive data with deep knowledge of conventional fuels and renewable supply chains.

Our models provide valuable insights into the price impacts of policy, economics, and supply chains, offering clear scenario outlooks that help users align with their business risk criteria. With expertise in market dynamics, renewable power supply chains, cost trends, and investments, we support our clients in making informed commercial and strategic decisions in a rapidly changing energy landscape.

The Role

We are seeking a Research Analyst to join our team in Gurugram, India. The successful candidate will support the regional Power & Renewables team through market research, policy and regulatory analysis, power market modelling, insights creation, and client support for India and other South Asian power markets.

As a Research Analyst, you will build a deep understanding of power market dynamics across India and South Asia and contribute across five core areas: conducting market research to track supply, demand, and investment trends; analyzing the policy and regulatory landscape and its impact on market outcomes; running and maintaining our regional power market models to produce technology and price outlooks; translating model outputs and market intelligence into clear, actionable insights for our research reports; and supporting client engagements by responding to queries and presenting findings to clients and industry stakeholders. You will collaborate with a global team of power and renewables experts, work on cutting-edge topics such as battery storage and curtailment forecasting and stay current on market developments to keep our modelling and research at the leading edge.

This role also offers opportunities to build and maintain relationships with clients and industry experts. Along with industry-leading training and learning opportunities, it has significant career development potential, paving the way for thought leadership and strategic roles in the power and renewables sector.

Requirements

Intellectual Curiosity & Collaboration:

• Intellectually curious, collaborative, and highly organized, with a strong attention to detail.
• Focused on delivering exceptional service to clients and committed to our research's continuous growth and improvement.

Qualification/Experience:

• Work experience of 3-6 years with any - utility, developer, consultancy/research provider, university, think-tank, or another market/investment-focused organization
• Exceptional analytical/quantitative skills, including experience in modelling or commercial analysis in power markets.
• Experience conducting market research or policy and regulatory analysis in the Indian or South Asian power sector is highly desirable.
• Experience in optimisation models (such as Plexos, Aurora, SDDP etc) will be an added advantage
• Comfortable working with large datasets, databases, and APIs, and familiar with tools like Python, SQL, and Power Query to handle and analyse data

Knowledge & Skills:

• Strong understanding of power and renewable market dynamics
• Familiarity with the enablers and implications of decarbonization in the energy sector
• Knowledge of key commercial and regulatory frameworks relevant to India and South Asia, such as support/incentive regimes, power purchase agreements, capacity and ancillary m