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National Grid Lead Analyst - PJM Market Fundamentals in Waltham, Massachusetts

About us

The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reduce the cost of energy delivery today and pioneer the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.

National Grid plays a leading role in the push to increased production of clean, fair and affordable energy for all. Reflecting those key targets, National Grid Renewables develops, owns and operates renewable energy assets across the United States – including solar, onshore wind and battery energy storage – and also partners with clean energy innovators.

National Grid Renewables has developed over 2,400 megawatts of wind and solar projects that are either operational or currently under construction throughout the United States. National Grid Renewables has a multi-gigawatt development pipeline of wind and solar projects in various stages of development throughout the United States.

Job Purpose

The Lead Analyst will provide insight and expert analysis of US electricity markets. The role holder will perform market research, analysis and electricity market modeling to support project development, origination, strategic decision making, and risk appraisals associated with renewable energy and energy storage projects. As part of a matrix team, the role holder will be responsible for developing in-depth insights, market knowledge, and key assumptions around specified regions and topics.

Key Accountabilities

  • Lead nodal modeling & analysis of specified US electricity markets to support investment decisions, business planning, strategic planning & new business opportunities;

  • Manage, maintain & continuously improve in-house electricity market models ensuring they are fit for purpose;

  • Articulate & explain market model inputs/outputs to stakeholders in project development, origination, corporate affairs & commercial operations with market analysis, modeling & assessments of market impacts;

  • Monitor market developments and provide analysis of critical changes;

  • Track key regulatory changes within specific markets through research and attending conferences and ISO meetings.

  • Become a leading electricity market expert internally and externally.

Qualifications

  • Bachelor’s in Electrical Engineering Mathematics or related quantitative field (power system emphasis desired).

  • High level of quantitative & analytical skills with 5+ of relevant work experience providing quantitative analysis, electricity market modeling, consulting and/or energy trading

  • Advanced Excel skills, and Python, VBA, SQL, or other programming skills;

  • Broad knowledge of US power industry structures, policies, regulations & market fundamentals;

  • Familiarity with recent trends in conventional generation, renewables, gas, energy storage, transmission & distributed generation;

  • Strong understanding of transmission system and power flow fundamentals and LMP formation

  • Ability to translate model outputs into business insight & articulate impact of results on the business;

  • Experience in developing & employing market and/or financial models, as well as with commercial production cost modeling software: ProMOD, PLEXOS, Aurora, Gridview, GE MAPS, PSO, Dayzer, etc.

  • Familiarity with linear algebra, linear programming & optimization theory;

  • Specific experience in PJM market is strongly desired.

More Information

Preferred location is flexible in thePJM RTO, Minneapolis or Boston areas.

National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.

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