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Posted 1mo ago

Manager, Transmission Market Analysis

@ Scout Clean Energy
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Boulder, Colorado, United States
$135k-$155k/yrHybridFull Time
Responsibilities:Analyze pricing, Forecast trends, Collaborate teams
Requirements Summary:6-8 years in energy market analysis with SCED modeling; strong data skills; degree in engineering/economics/math/finance; proficiency with market analysis tools; programming skills; strong communication; travel 10%+.
Technical Tools Mentioned:PROMOD, Encompass, Dayzer, PLEXOS, AURORA, UPLAN, PROBE, VelocitySuite, YesEnergy, Python, SQL, R, Excel
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Job Description

As the Manager, Transmission Market Analysis, you will be responsible for helping enhance, elevate, and drive our in-house market analysis and forecasting capabilities. This role will help shape the future of our projects by leveraging historical market and pricing data as well as in-house and third-party forecast data to inform future strategies. You will help implement industry software tools and collaborate closely with cross-functional teams to ensure our analyses are robust, accurate, and actionable. 

 

As a critical driver behind our market analysis efforts, you will play a key role in helping to shape the 

direction of Scout's greenfield development and acquisitions targets. As a SME with experience in production cost modeling, stochastic dispatch analysis, and/or transmission congestion assessment, you will be instrumental in providing analysis and insights that drive key decisions across our development, origination, structuring, M&A, financing, and asset management teams. By aiding in the continued calibration of industry-leading software and bringing additional technical depth to the Scout team you will empower us to forecast market trends with accuracy and efficiency. You will report to the Director, Transmission Market Analysis. 

 

Key Responsibilities 

 

1. Market Analysis, Forecasting, and Support: 

  • Analyze and forecast nodal pricing and broader market trends, utilizing historical data analysis ("backcasts") and future pricing predictions. 
  • Identify potential risks related to grid reliability and economic feasibility of projects, advising on necessary upgrades and system improvements. 
  • Assist in implementation and use of advanced software tools for price forecasting and market analysis, ideally with experience using nodal production cost modeling software like PROMOD, Dayzer, PLEXOS, EnCompass, or similar tools. 

2. New Project Development and Origination Support: 

  • Assist in identifying new sites by analyzing historical data and forecast data to infer strategic opportunities. 
  • Evaluate historical and forecast nodal prices at substations to determine the strength or potential issues from a nodal pricing perspective. 
  • Collaborate with third-party data providers to process historical data, integrating their insights to form comprehensive opinions on site viability. 
  • Facilitate renewable energy project developer access to market analysis, providing necessary insights without requiring them to be experts in locational marginal pricing (LMP) or SCED (security-constrained economic dispatch). 

3. Structuring, Asset Management, M&A, and Financing Support: 

  • Assist with early-stage project analysis, providing historical and future pricing data for RFPs and bilateral arrangements. 
  • Analyze formal reports from third parties, (i.e. ICF, Transmission Analytics, and nFront), as projects advance, refining covariance, basis, and curtailment assumptions. 
  • Develop models to forecast future covariance risk, allowing for better-informed decisions and reducing reliance on third-party studies. 
  • Support the M&A team with nodal analysis and pricing evaluations for existing projects, ensuring competitive pricing and risk assessment for new offtake agreements. 
  • Provide detailed market analysis and pricing forecasts to support M&A activities and collaborate with the financing team to assess market risks and opportunities. 

4. Cross-functional Collaboration: 

  • Work closely with transmission consultants and internal teams to analyze transmission reports, validate assumptions, and ensure accuracy. 
  • Interface with various internal departments to provide market opinions and strategic insights, supporting the creation and management of pricing tools. 
  • Contribute to interconnection studies by providing market price inputs and assisting in the economic analysis of project feasibility. 
  • Manage relationships with external consultants like nFront and ICF to ensure the delivery of high-quality and relevant market studies. 
  • Possess a technical and commercial blend, proactive and analytical mindset, collaborative approach, and openness to exploring new technologies and methodologies to enhance forecasting accuracy and efficiency. 

5. Team Building and Leadership 

  • Aid in hiring process for new analysts and associates as this new function is established, ensuring alignment with organizational goals and culture. 
  • Act as a mentor to integrate new team members effectively and provide ongoing training to ensure their development and success in the role. 
  • Collaborate with cross-functional teams to aid in the development of key performance indicators and help establish workflows that optimize team performance and growth.