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Power Market Engineer

3 months ago

Mumbai, Maharashtra, India Burns & McDonnell Full time

Perform a broad range of studies and other consulting services to support electric utilities and asset developers to make decisions backed by business and engineering analysis regarding their investments and power supply requirements, such as integrated resource planning, market assessments, valuations, and power supply RFP evaluations.


Researching about the US power markets (PJM, MISO, NEISO, SPP, CAISO, WECC, SERC, ERCOT, NYISO) and assisting for the production cost & capacity expansion models development which can be utilized for the power price forecasting and congestion & curtailment risk evaluation.

Perform forecasts and evaluations utilizing power supply planning software such as capacity optimization and hourly dispatch software models.

Extracting key operational characteristics and market assumptions from internal sources and third-party databases like S&P Global and Velocity Suite.


Analyze life-cycle costs by developing and incorporating technical assumptions regarding capital costs, operation and maintenance costs, performance estimates, and economic assumptions and forecasts.

Conduct technical and business-related risk assessments that evaluate impacts associated with rules implemented by regulatory agencies.


Developing presentation materials that communicate clearly the analyses performed and conveying insights that help developers better serve their utility customers.

Support multiple ad hoc projects inclusive of those above, completing them in a timely manner.

Knowledge of US power market is preferred.


Strong understanding of the economics underlying electric power generation and background in power sector modeling, resource cost-benefit analysis, or related complex system modeling.

Experience in evaluating complex technical and financial issues independently, developing recommendations, action plans, and managing multiple complex assignments simultaneously.

Strong attention to detail, facilitation, team building, collaboration, organization and problem-solving skills.

Ability to work methodically and analytically in a quantitative problem-solving environment.

Strong data management, analysis, and presentation skills (Excel, PowerPoint)

Excellent written and oral communications skills.

A willingness to learn new service offerings as client needs and the market requires changes to the service offerings provided by our group

EXPERIENCE:
Experience with production cost models (PLEXOS, PROMOD, etc.) is preferred.

Strong understanding of US power market economics.

Sophisticated data management and statistical analysis skills using Excel VBA, Power BI, R and Python

Qualifications

QUALIFICATION:
Bachelors or Master's degree in Power / Energy systems is preferred or bachelor's in electrical engineering is must.

Prior experience associated with electric utility operations, planning, or consulting is preferred.

Job

EngineeringPrimary Location

India-Maharashtra-MumbaiSchedule:

Full-timeTravel:

NoReq ID:
241567Job Hire Type

Experienced Not Applicable #BMI N/A