Senior Specialist BESS Economics and Analysis (2L)

Con Edison Co.; New York (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

Con Edison's UDR Procurement team seeks a results-driven analyst to model the economics of energy storage projects in New York. The role centers on quantitative analysis, forecasting wholesale market scenarios, and developing insights to support multi-year contracts under the Utility Dispatch Rights framework.

The successful candidate will build and run simulations, create tariff and market models, and grow subject matter expertise in wholesale market rules, NY State and FERC policy, and the

Responsibilities

• Build and run analytical simulations in Excel and other tools to assess the economics of potential projects for Con Edison.
• Create models to evaluate tariff rates, wholesale markets and perform other data analysis tasks to support the program.
• Develop and support subject matter expertise related to wholesale market rules, regulatory frameworks governing infrastructure including energy storage deployment and operation in New York State as well as applicable FERC policies.
• The use and evaluation of company storage evaluation tools.

Job description

The Utility Dispatch Rights (UDR) Procurement team at Con Edison conducts competitive procurements with third party battery energy storage system developers to enter into contracts for up to 15 years during which Con Edison will have the right to dispatch the batteries into NYISO wholesale energy markets. In this role, the chosen candidate would have the opportunity to:

• 1) Build and run analytical simulations in Excel and other tools and platforms to assess the economics of potential projects for Con Edison, including analysis to help support forecasts and scenarios of wholesale markets.
• 2) Create models to evaluate tariff rates, wholesale markets and perform other data analysis tasks to support the program.
• 3) Develop and support subject matter expertise related to:
  • a. Wholesale market rules, principles, practices and policies.
  • b. Regulatory frameworks governing infrastructure including energy storage deployment and operation in New York State as well as applicable FERC policies.
  • c. Roles and use cases for energy storage to enable the clean energy transition.
• 4) The use and evaluation of company storage evaluation tools.

The chosen candidate will have a unique opportunity to explore the role of batteries authorized under the Utility Dispatch Rights framework in New York. This work will require extensive quantitative work, provide opportunity to develop innovative program structures to assess the value of assets, and to explore how grid, policy, and market constraints may influence asset opportunities. This is a unique and exciting role sitting at the intersection of many key utility functions including storage development, interconnection, operations, strategy, wholesale market scheduling, accounting, engineering, and policy-oriented teams.