The electric power industry is facing significant challenges as new threats face the industry in the form of new competitors for serving utility customers directly (i.e. aggregation services); new technology that allows a third party to insert itself between the utility and its customers (i.e. NEST, Internet of Things, smart meters, etc.); lower cost and improved technology that is accessible to the customer directly (i.e. improved cost and operation of rooftop solar, micro-grids); expanding markets (expansion of organized markets into new areas such as CAISO expansion outside of California, consortium of western states looking at SPP, new market in the southeast); new market products (i.e. capacity markets, expansion of demand reduction); opportunity for new utility grade supply resources (Clean Coal, Carbon Black, etc.); and changing state and Federal regulations impacting the utility industry, to name just a few. The challenge for The Energy Authority’s (TEA) Portfolio Analysts on the Strategic Innovations & Analytics team will be to perform the necessary modeling to capture the risks and opportunities for TEA’s Members and Partners through participation in the energy and congestion rights markets.
ESSENTIAL DUTIES & RESPONSIBILITIES include the following. Other duties may be assigned.
The desired analytical skills within TEA’s Strategic Innovations & Analytics Department include:
This position has no direct supervisory responsibilities. Position is expected to provide mentoring and career development to other analysts as assigned.
EDUCATION and/or EXPERIENCE
Bachelors of Science degree in engineering, any discipline; sciences such as (but not limited to) advanced mathematics, physics, and chemistry; computer sciences; finance; economics; or other appropriate degree; Relevant industry experience; Master’s Degree is preferred. PhD is a plus.
CERTIFICATES, LICENSES, & REGISTRATIONS
Professional Engineering License is preferred for candidates with a background in engineering; Certifications such as Certified Financial Analysts, PRIMA or GARP Professional Risk Manager Certification for individuals with financial background is desirable.
Ability to read, analyze, and interpret both general and complex business periodicals, professional journals, technical procedures, and governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of statistical test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
Candidate must have the ability to apply principles of logical thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs etc.). Ability to deal with a variety of abstract and concrete variables.
OTHER SKILLS & ABILITIES
Expertise needed with Microsoft Word, Excel/Visual Basic, and other analysis tools. Experience with Machine Learning, eSmart Systems’ Connected Grid, R, Python, Gurobi, MatLab, Cambridge Energy Solutions’ Dayzer, ABB’s PROMOD, EPIS’ AuroraXMP, YES Energy, Genscape, and ABB’s Velocity Suites is desired. Ability to apply techniques of decision analysis, such as decision trees, influence diagrams, etc.
The ideal candidate will posses the following competencies:
The ideal candidate will possess the following values: