Senior Specialist BESS Economics and Analysis (2L)

Con Edison; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Con Edison is seeking a professional to analyze the economic value of proposed battery storage projects and to develop models assessing tariffs, wholesale market dynamics, and deployment opportunities. The role involves collaborating with internal SMEs to schedule assets in NYISO markets and to communicate findings to stakeholders.

Applicants should have strong Excel, economics, and policy analysis skills, with experience in energy storage regulatory contexts.

Qualifications

• Bachelor's Degree and 3 years of relevant experience or Master’s Degree and 2 years of relevant experience.
• Preferred: Bachelor's in engineering, finance, economics or related field with 5 years in Energy/Engineering/Finance/Strategy/Consulting.
• Preferred: Master’s in engineering, finance, economics or related field with 3 years in Energy/Engineering/Finance/Strategy/Consulting.

Responsibilities

• Analyze the economic value of proposed storage projects using company models and optimization tools.
• Develop content for engagement with NY DPS, NYSERDA, and market participants.
• Conduct quantitative analyses to support team activities.
• Draft analyses of regulatory proceedings and explain impact on energy storage markets.

Skills

Advanced Excel

Quantitative analysis

Energy market modelling

MS Office suite

Education

Bachelor's degree

Master's degree

Tools

MS Office

Job description

Overview

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:

• 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.
• 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, principles, practices and policies.
• Regulatory frameworks governing infrastructure including energy storage deployment and operation in New York State as well as applicable FERC policies.
• Roles and use cases for energy storage to enable the clean energy transition.
• 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.

Responsibilities

Core Responsibilities

• Analyze the economic value of proposed storage projects using company models and optimization tools and collaborating with company SMEs that schedule assets in NYISO markets
• Development content for engagement with stakeholders, such as NY DPS, NYSERDA, and market participants.
• Conduct quantitative analyses as needed to support team and company activities
• Draft analyses of regulatory proceedings and explain how they will impact energy storage markets and deployment opportunities
• Contribute to authoring white papers, rate case filings and other regulatory filings.
• Commit to the ideals of developing a proactive, customer-centric culture to foster trust and confidence among customers (both internal and external) and improve value for all our stakeholders.
• Perform other related tasks and assignments as required.

Qualifications

Required Education/Experience

• Bachelor's Degree and 3 years of relevant experience or
• Master's Degree and 2 years of relevant experience

Preferred Education/Experience

• Bachelor's Degree in engineering, finance, economics or related field and 5 years' work experience in Energy, Engineering, Finance, Corporate Strategy, or Management Consulting.
• Master's Degree in engineering, finance, economics or related field and 3 years' work experience in Energy, Engineering, Finance, Corporate Strategy, or Management Consulting.

Relevant Work Experience

• Proven leadership skills, innovation, and ability to adapt to change, required.
• Advanced Excel skills including database organizing and analysis functions, required.
• Experience in policy research and interpretation, required.
• Strong quantitative skills with demonstrated work around economic modeling or optimization, required.
• Policy and regulatory context related to energy storage deployment in New York State, required.
• Excellent verbal and written communication and interpersonal skills, demonstrated by experience in facilitating cross-functional meetings, crafting and delivering presentations to internal and external stakeholders, including executive audiences, required.
• Ability to conduct presentations to audiences of senior utility leaders, government stakeholders, and energy thought leaders, required.
• Ability to do both independent, rigorous research and also contribute to a fast‑paced, cross‑functional team environment is essential, required.
• Strong knowledge of computer applications such as MS Office (Word, Excel, PowerPoint, Outlook, Access, Projects), required.
• Knowledge of clean energy technologies and business models with demonstrated experience leading strategy development and business alignment, required.
• Knowledge and experience in energy market modelling including capacity, energy, and ancillary services values and NY State incentive structures, preferred.
• Prior experience working with or for electric or gas utilities and understanding of business model, required.

Licenses and Certifications

• Driver's License Required

Additional Physical Demands

• The selected candidate will be assigned a System Emergency Assignment (i.e., an emergency response role) and will be expected to work non‑business hours during emergencies, which may include nights, weekends, and holidays.
• The selected candidate will be assigned a System Emergency Assignment (i.e., an emergency response role) and will be expected to work non‑business hours during emergencies, which may include nights, weekends, and holidays.
• Great skill and interest in performing complex quantitative and economic analysis.
• Strong written and verbal communication skills.
• Excellent organizational skills.
• Develops and delivers effective presentations.
• Well organized, detail oriented and flexible to handle multiple assignments.
• Must be proficient in Microsoft Office including Word, Excel, Outlook and PowerPoint, etc.
• Sit or stand to answer a phone for the duration of the workday.
• Sit or stand to use a keyboard, mouse, and computer for the duration of the workday.
• Stand to use/operate office equipment for the duration of the workday.