Transmission and Congestion Analytics Associate

Job Summary

The Transmission and Congestion Associate (P3) will lead and support modeling transmission systems and pricing congestion risk across Leeward’s portfolio. Working with the Manager of Congestion and Market Analytics, Basis Traders, and Director of Portfolio Management, the Associate will help implement the LRE Congestion Plan and identify congestion risks and opportunities through advanced market and transmission analysis.

Responsibilities

• Research, model, and price congestion fundamentals (sources and sinks) in multiple ISOs.
• Validate and analyze congestion models for accuracy and completeness.
• Manage/mine large data sets to identify and price trading opportunities that mitigate basis risk and enhance/protect expected revenue.
• Perform quantitative analyses and econometric studies of energy markets and translate wholesale market changes into strategic opportunities.
• In collaboration with the Transmission group and Manager of Congestion and Trading Analytics, maintain, execute, and calibrate power flow optimization models (e.g. YES, Powerworld, Dayzer) needed to develop trading strategies.
• Provide daily analysis of market congestion set-up to inform congestion risk assessments and support virtual and PTP transaction decision-making.
• Develop, update, and participate in the execution of the LRE Congestion Plan.
• Contribute to the LRE’s research and innovation activities supporting development of new techniques and/or analytical tools, enhancing LRE’s transactional capabilities.
• Produce nodal LMP forecasts across multiple ISOs for short-term and long-term cases.
• Collaborate with trading teams to run ad-hoc sensitivity cases.
• Able to lead analytical preparation for congestion products auctions, including pricing analysis, scenario modeling, and risk evaluation.
• Establish and maintain working relationships with internal and external contacts that support the development of data driving the LRE models.

Qualifications

• 3 to 5 years’ experience in congestion, transmission, or energy market analytics, including experience supporting FTR-related analysis.
• Experience with transmission modeling, virtual transactions and FTR auctions across multiple ISOs, PJM, ERCOT and CAISO preferred.
• Knowledge of wholesale markets power markets and general ISO operations.
• Strong understanding of transmission systems, drivers of nodal pricing changes and associated power flows.
• Strong understanding of transmission shift factors, statistics and probabilistic analysis.
• Can run, scope and interpret power flow models such as Pro-Mod, Power World and/or others.
• Critical thinker with strong analytical skills capable of identifying risk mitigating and revenue enhancing strategies.
• Experience with transmission modeling tools (Dayzer, YES, etc.).
• Experience working within SQL and database structures preferred.
• Must hold bachelor’s degree in STEM or a business discipline.