Energy Market Analyst
16 hours ago
ICF is seeking a seasoned Energy Market Analyst to contribute to the development of innovative, accurate, timely, and high-quality products and services in the power sector.
About the RoleThis role offers a unique opportunity to apply academic knowledge, gain exposure to major projects, and interact with experts and clients in the field while building content knowledge and consulting skills.
Key Responsibilities- Collecting and analyzing data for power sector modeling projects, including technology characterizations, regional load and energy demand data, emissions control technologies cost and performance.
- Performing production cost modeling and transmission congestion analysis of power markets.
- Assisting in modeling and analysis of nodal power markets, including financial calculations and other standard asset valuation-related tasks.
- Leading data input, output processes, and maintaining datasets and templates required for nodal power markets modeling.
- Researching and keeping the broader group updated on the latest power market developments in prominent ISO/RTO markets that influence power price forecasts, electric transmission congestion, and other factors that influence power price fundamentals.
- Performing advanced quantitative analysis of transmission systems around the world to assess and forecast the future of electric reliability, transmission bottlenecks, and regulatory effects, among other parameters.
- Supporting modeling and policy analysis related to transmission, renewable energy, smart grid, and distribution.
- Developing code and macros to process and manage large datasets.
- Preparing high-quality written and electronic products.
- A Master's degree in Power/Energy systems or a Bachelor's in electrical engineering is mandatory.
- At least 2 years of experience in production cost modeling and/or economic power market analysis, including internships.
- Experience in production cost modeling using industry-standard models such as GE-MAPS, PROMOD, GridView, or PLEXOS.
- Familiarity with industry-standard power flow tools such as GE-PSLF, PSS/E, PowerWorld, CYMDIST.
- Strong quantitative and/or modeling skills, specifically database management and data analysis skills.
- Knowledge of linear optimization and energy and environmental markets is an advantage.
- Advanced Microsoft Office (Excel and VBA) skills.
- Knowledge of Excel macro programming and other programming languages.
- Good research skills.
- Strong analytical and organizational skills.
- Ability to prioritize and work on multiple projects under strict deadlines in a fast-paced environment.
- Excellent written and oral communication skills.
- Collaborative mindset to work with project teams and clients.
ICF is a global consulting services company with over 9,000 employees. We combine industry expertise with cutting-edge engagement capabilities to help organizations solve complex challenges. Our team of business analysts, policy specialists, digital strategists, data scientists, and creatives work together to drive innovation and results.
Salary and BenefitsThe estimated annual salary for this position is $85,000-$110,000 based on industry standards and location. Additionally, ICF offers a comprehensive benefits package, including health insurance, retirement plans, paid time off, and professional development opportunities.
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