US Power Market Modelling Analyst
RWE · Austin · $90,000–$140,000 (stated in the posting)
RWE Trading Americas Inc.
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).
Your powerful skills
- 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 skills and 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
- Salary: $90,000 - $140,000 + bonus
- Relocation package available
Any questions? Patrycja Muszynski, Patrycja.Muszynski@rwe.com (Recruiting)
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