US Power Market Modelling Analyst

RWE AG; Austin (TX); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Global energy trading

Trust-based culture

Team collaboration

Job summary

RWE AG in Austin, TX seeks a long-term US power market modeller to cover US electricity markets with in-house modelling and analytics. The role focuses on ERCOT, CAISO, and WECC, translating fundamentals into model inputs and scenarios, and communicating findings to stakeholders.

You will collaborate with the North America team and report to the Head of US Long-Term Power Modelling. A degree in a quantitative field is required, with strong programming and data visualization skills.

Qualifications

• University degree in engineering, economics, finance, math or physics.
• Strong quantitative and analytical skills; ability to translate data into insights.
• Experience with long-term electricity market modelling tools and data visualization.

Responsibilities

• Conduct long-term electricity market modelling for US markets such as ERCOT, CAISO, WECC.
• Translate market fundamentals into model inputs and scenarios.
• Collaborate across Strategic Market Analysis and present findings to stakeholders.
• Interface with databases and programming teams; build backtests and sensitivities.

Education

University Degree in Engineering, Economics, Finance, Mathematics, Physics or equivalent

Tools

SQL

Python

PowerBI

Tableau

PLEXOS

AURORA

PROMOD

UPLAN

Job description

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To start as soon as possible, full time / part time, permanent

Your future plans

Within RWEST’s Global Market Analysis department, Strategic Market Analysis is responsible for all long-term analysis, modelling and price forecasts across countries in Europe, Americas, and Asia . Our core competencies include power price modelling and forecasting for strategic and illiquid tenor considerations, sensitivities and bespoke scenarios modelling, forecasting scenarios for fundamental price drivers, such as macroeconomics, energy demand, commodity and carbon markets, investment cost and technological change, emissions targets & regulation.
RWE will benefit from de-carbonisation, renewables expansion and technological change with further investments into future technologies such as Renewables, Electrolysers and (Hydrogen or CCS-ready) gas generation.
To support RWE’s investment plans and growth strategy for the US, your responsibility as a long-term US power market modeller is to cover important US electricity or energy markets with in-house modelling and analytics. You will be joining the Long-term Modeling North Americas team based in Austin, and report to the Head of US long-term power modelling.

Responsibilities:

• Long-term electricity market modelling for the relevant US growth markets such as ERCOT, CAISO and WECC, eventually developing an expertise to lead analysis and modelling for one or more markets
• Analyze market fundamentals, policy and electricity market design, and translate it into model inputs
• Be on top of your markets’ fundamental and regulatory landscape, commodity and power prices, in order to keep your model intact; create backtests and relevant model scenarios and sensitivities
• Closely collaborate with your team members and other parts of Strategic Market Analysis to learn from experienced modelers and to assure that overarching or global long-term modelling concepts and assumptions are in line with established RWE principles
• Support the consistent application of US forecasts and modelling outputs across the RWE Group, and communicate key findings and implications to stakeholders in North America and at Group level, including Commercial Analysis, Strategy, Commercial Optimization, Regulatory Affairs, Controlling, and Finance, as well as the internal management team (Head of US Long-Term Power Modelling and Head of Strategic Market Analysis).
• University Degree in Engineering, Economics, Finance, Mathematics, Physics or equivalent. An advanced degree with an electricity market focus is a plus.
• Very strong quantitative and analytical skills (transfer of algorithms into model conduct).
• At least one year of work experience in (long-term) electricity market modelling and analysis, including experience with production cost-based modelling tools such as PLEXOS, AURORA, PROMOD, UPLAN. Knowledge and experience in commodities market is a plus.
• Ability to transfer knowledge between analysis and decision makers in other departments with an interdisciplinary approach.
• Experience in interfacing with databases, programming and data visualisation software (SQL, Python, PowerBI, Tableau).
• Good communication skillsand the ability to condense model results into presentations for different groups of stakeholders.
• Enthusiastic team player, high level of self-motivation and flexibility, ability to work in a competitive environment and to meet tight deadlines.

Benefits you can rely on

• Join an international leading energy trading house in a period of growth
• Find yourself in a motivating workplace that is built on mutual trust, values, and a feedback culture with a positive and inspiring working atmosphere
• Team work, support and openness, visibility and recognition of own work

We look forward to meeting you!

We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity. #inclusionmatters