Senior Manager, Energy Economics

SN Aboitiz Power Group; Makati; On-site; PHP 2,400,000 - 4,200,000; Full time

Job summary

SN Aboitiz Power Group in Makati is seeking an experienced market and revenue analyst to lead development, testing and calibration of market models for energy markets and the company's asset portfolio.

You will provide updated short-, medium-, and long-term market outlooks to guide budgeting, contracting, and commercial activities, while coordinating with cross-functional teams and leveraging advanced simulation tools.

Qualifications

• Eight or more years in the energy market with leadership experience.
• Experience leading cross-functional groups and managing networks.
• Strong forecasting and market analysis capability.
• Background in project management and change leadership.
• Knowledge of hydroelectric operations and power systems is a plus.

Responsibilities

• Manage enhancement, development, back-testing and calibration of market models.
• Lead short-, mid-, and long-term market outlooks and price forecasts for planning and revenue decisions.
• Develop methodologies and tools for plant availability, demand forecasting, and fuel price projections.
• Create financial decision-support tools for strategic planning and investments.
• Provide strategic directions for the Energy Economics team aligned with company goals.

Skills

Market Analysis

Statistical and analytical skills

Optimization & market simulation tools

Research capability

Spot market & ancillary services

Office software

Communication

Hydro knowledge

Finance & math concepts

Working under pressure

Google Suite

Lean Six Sigma

Data Science

Education

Degree in Engineering, Mathematics, Statistics or Applied Sciences

Financial planning knowledge preferred

Master’s Degree in Engineering, Energy Economics or relevant

PhD advantageous

Tools

SDDP

PLEXOS

Crystal Ball

Monte Carlo simulations

Job description

Market and Commercial Operations Group (MCOG)/ Markets and Revenue Portfolio

Makati Full time

JOB DESCRIPTION

• Lead the conduct of developing, modeling, updating, testing and calibration of simulation
  tools for all relevant markets in the power industry and the company asset portfolio models.
• Lead the conduct of providing reliable and regularly updated short (one year), medium-term
  to long-term market outlook on the energy, ancillary services, renewable energy markets, and any other relevant markets in the power industry to serve as a guide in its budget and corporate strategic planning, contracting and other commercial activities.

QUALIFICATIONS

Skills:

• Market Analysis
• Statistical and analytical skills
• Optimization, Market Simulation Tools, Forecasting models (SDDP/PLEXOS/ Crystal Ball/ Monte Carlo simulations)
• Capacity to do research work: Markets, Plant technological advancements and cost, Contracts, Policies, Rules and, Regulations including External Relations / Customer Orientation
• Wholesale Electricity Spot Market and Ancillary Services Operations
• Computer literate, proficient in word processing, spreadsheet applications, and presentation/graphics tools.
• Excellent oral and written communication skills.
• With preference for candidates with substantial working knowledge of hydroelectric power plant operations, electric power system operation and analysis, and programming.
• Ability to understand and absorb broad business/regulatory issues, finance, and mathematical concepts
• Ability to execute under pressure and under tight time schedules
• With knowledge in Google Suite applications, Lean Six Sigma, and Data Science

Experience:

• At least eight (8) years of substantial experience in the energy market with technical and leadership background, and experience in planning, forecasting and market analysis.
• Experience in leading and managing cross-functional groups, operating in matrix environments, and developing strategic relationships and networks (both internal and external)
• Experience in Project Management and leading change successfully

Education:

• Degree in Engineering, Mathematics, Statistics or Applied Sciences
• Experience or knowledge in financial planning is preferred.
• Master’s Degree in Engineering, Energy Economics or any relevant degree
• PhD in any relevant discipline is an advantage.

Technical Competencies:
Market Analysis - Knowledge of the electricity spot market and its dynamics, and translate this into a representative model to forecast possible future movements or scenarios of these parameters individually and holistically, and provide sound and coherent economic, technical, financial, and risk analyses and recommendations.
Market Intelligence - Knowledge of and ability to identify, source and validate relevant market information, through possible networks or channels, such as but not limited to power plant data, pipeline of capacity investments, spot market data, macroeconomic data, and climate forecasts that are critical in producing market price and revenue forecasts.
Optimization and Market Simulation Tools (SDDP/Plexos/Crystal Ball) - Knowledge and understanding of mathematical optimization, statistical, probabilistic, power flow concepts and the ability to use applicable simulation tools such as SDDP, PLEXOS, and Crystal Ball to create a model of the electricity market.
Macro Economics - Ability to understand the behavior of the economy in general, its components and factors including but not limited to the relationship of the role of fiscal and monetary policies, level of investment activities, national production, global fuel prices and on how it affects energy consumption and the electricity market on a short to long term period.
Corporate Revenue Finance - Knowledge and application of financial principles required to formulate, set, and analyze corporate revenue targets considering industry dynamics in order to achieve business goals and mission.

RESPONSIBILITIES

• Management and review of the enhancement, development, regular back-testing, and
  calibration of all relevant market models for both existing and new markets.
• Management and review of regularly updated short (one year), medium-term (five years), and long-term market outlook with the corresponding market price forecast through in-depth understanding and extensive analysis considering updates on generator participants’ relevant operational constraints. This shall cover significant drivers including but not limited to structural and regulatory changes, power consumption behavior, fuel costs, hydrological conditions, and the portfolio of participants with consideration of the development of existing and new technologies, particularly on costs and technological advancements. Furthermore, this shall include sensitivity analyses on spot market prices and any financial decision support tools as deemed necessary with possible recommendations on revenue maximization for planning purposes with an in-depth outlook on the market and consideration of SNAP plant-specific operational constraints & capability.
• Management and review of the development and maintenance of methodologies and tools necessary for thermal plant availability profiling, demand forecasting, fuel price projections, and other significant drivers affecting market prices.
• Management and review of the preparation of financial decision-support tools necessary for corporate strategic planning, financial valuation of projects, expansions, mergers and acquisitions, refinancing activities, and refurbishments.
• Provide strategic directions in the overall conduct, sustainability, and business continuity within the Energy Economics team consistent with the strategic directions of the company, and technical/technological trends in the industry.