Energy Market Analyst

Massachusetts Municipal Wholesale Electric Company (MMWEC); Ludlow (MA); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Competitive salary

Medical and dental benefits

Retirement plan

Job summary

Massachusetts Municipal Wholesale Electric Company (MMWEC) seeks an Energy Market Analyst to manage Forward Capacity Market (FCM) activities in Ludlow, MA. The role requires interpreting New England wholesale market rules and producing reliable reports for member utilities.

The ideal candidate has a BS in math/science/engineering/finance/economics or related field, 2–3 years of relevant experience, and strong Excel skills; SQL is a plus.

Qualifications

• Bachelor’s Degree in math, science, engineering, finance, economics, or related field.
• 2–3 years of job-related experience.
• Advanced knowledge of Microsoft Office products, specifically Excel.
• SQL knowledge is a plus.
• Experience in customer service is also a plus.
• Demonstration of sufficient analytical problem-solving skills is a must.
• Must have the ability to work efficiently within time constraints while meeting Member System demands.
• Strong interpersonal and organizational skills are also key.

Responsibilities

• Fulfill all Forward Capacity Market (FCM) related reporting requirements and obligations.
• Calculate and submit Self-Supply designations.
• Monitor and participate in the Forward Capacity Auctions.
• Oversee Assigned Portfolios of Power Costs Reports, Power Cost Forecasts and Asset Performance Reports of Member Systems.
• Prepare and analyze periodic Power Portfolio Cost Reports, Forecasts and Asset Economic Reports.
• Assist in communicating performance to member systems and internal audiences.
• Perform Daily Peak Demand Forecasting and Remote Dispatch Operations.
• Perform daily rotational duties such as duties involving asset generation and load demand bidding, peak alert forecasting and electronic vehicle charging scheduling.
• Other projects and duties as assigned.

Skills

Analytical problem solving

Time management

Interpersonal skills

Organizational skills

Customer service

Education

Bachelor's Degree in math, science, engineering, finance, economics, or related field

Tools

Excel

SQL

Job description

The Massachusetts Municipal Wholesale Electric Company (MMWEC) brings a competitive edge to Massachusetts municipal utilities dedicated to providing their customers with low-cost and reliable electricity. We plan, develop and manage energy resources in an evolving marketplace that requires high levels of innovation and expertise.

We are currently seeking an experienced Energy Market Analyst for our Market Management and Planning Business Unit. This person will be responsible for managing all aspects of the Forward Capacity Market (FCM), with a working knowledge of the New England wholesale electricity market rules and procedures.

This is an in-person role in Ludlow, Massachusetts. Must have valid work authorization to work in the U.S. - no Visa sponsorship required now or in the future.

Primary Responsibilities

• Fulfill all Forward Capacity Market (FCM) related reporting requirements and obligations.
• Calculate and submit Self-Supply designations.
• Monitor and participate in the Forward Capacity Auctions.
• Oversee Assigned Portfolios of Power Costs Reports, Power Cost Forecasts and Asset Performance Reports of Member Systems.
• Prepare and analyze periodic Power Portfolio Cost Reports, Forecasts and Asset Economic Reports.
• Assist in communicating performance to member systems and internal audiences.
• Perform Daily Peak Demand Forecasting and Remote Dispatch Operations.
• Perform daily rotational duties such as duties involving asset generation and load demand bidding, peak alert forecasting and electronic vehicle charging scheduling.
• Other projects and duties as assigned.

Training And Experience

• Bachelor’s Degree in math, science, engineering, finance, economics, or related field.
• 2-3 years of job-related experience.
• Advanced knowledge of Microsoft Office products, specifically Excel.
• SQL knowledge is a plus.
• Experience in customer service is also a plus.
• Demonstration of sufficient analytical problem-solving skills is a must.
• Must have the ability to work efficiently within time constraints while meeting Member System demands.
• Strong interpersonal and organizational skills are also key.

MMWEC offers a competitive salary and benefits package including robust medical and dental benefits with low employee cost, a savings retirement plan with a 6% company contribution and up to an additional 3% company match, earned vacation time, sick time, and 11 paid holidays. Our company prides itself in creating an environment that challenges employees to be passionate, energetic, proactive, and progressive.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. So, if you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply. You may be just the right candidate for this or other roles.

Massachusetts Municipal Wholesale Electric Company (MMWEC) eagerly accepts applications for employment from all qualified persons without regard to race, color, religious creed, national origin, sex, sexual orientation, GINA, marital status, gender identity, age, ancestry, veteran status, mental or physical disability, and political belief or affiliation.

About Massachusetts Municipal Wholesale Electric Company (MMWEC)

The Massachusetts Municipal Wholesale Electric Company (MMWEC) is a leader in the energy industry, dedicated to supporting Massachusetts municipal utilities with innovative, sustainable, and reliable energy solutions. With 50 years of utilizing public power joint action, MMWEC prides itself on its forward-thinking strategies, collaborative approach, and commitment to serving local communities.