Houston, TX

A wholesale power generation company is looking for a Fundamentals Manager to join the CRO organization. This role undertakes power fundamental forecasting to develop internal points-of-view on key fundamental drivers of the East power markets (PJM, NEISO and NYISO) and to support Risk & Commercial decision-making. Additionally, fundamental analysis aids in corporate strategy initiatives including capital projects and M&A activity. This role reports to the Chief Risk Officer with extensive interaction with the commercial teams.

 

Key fundamental research responsibilities include:

  • Developing short and long-term regional supply and demand models with a focus on 1-5 year modeling;
  • Developing supply and demand model for quantifying internal point-of view on regional capacity pricing:
  • Tracking market rule changes, plant retirements, new builds, transmission upgrades, near-term demand and fuel prices;
  • Providing power price forecasts, market drivers and related congestion impacts;
  • Forwarding view on generation, transmission, load and impact to power prices and heat rates;
  • Developing Stack Models in the East power markets;
  • Identifying market inefficiencies, price opportunities and strategies for the traders;
  • Monitoring industry regulations, writing/ presenting white papers to key stakeholders; and
  • Developing ad hoc trader tools.

 

Educational and professional requirements include a bachelor’s degree in a numerate field (master’s/MBA degree is a plus); 5-10+ years of professional experience of power fundamental modeling in the North American markets at a utility, IPP, merchant trading firm or energy consulting firm; strong modeling/programming skills; an understanding of North American power supply/demand and infrastructure fundamentals; proven ability to build analytical tools; and ability to think commercially with strong communication skills. The candidate must have market knowledge in PJM, NEISO and NYISO; and experience with Aurora, DAYZER, GE-MAPS, PROMOD, PSO or similar software package. Submit resumes to chynes@salthillgroup.com.