The Energy Market Analyst is responsible for evaluating and optimizing MISO energy market offer strategies, evaluating and optimizing energy model performance, evaluating and reporting on generation unit performance, evaluating and reporting on the Customer Value Realized metric, and evaluating and reporting on the performance of the companies Demand Response program performance. The analyst will evaluate these using sophisticated regression and neural network models, advanced excel spreadsheet models, and generation unit commitment models. Work closely with peers in ESO Operations, ESO Forecasting, MISO Settlements, and Generation Operations.
Essential Duties and Responsibilities
- Work with ESO Operations and Generation Operations to validate and report out on the Customer Value Realized Metric
- Evaluate and report out on the companies Demand Response programs
- Work with ESO Operations to evaluate and optimize MISO energy market strategies utilizing Gentrader, ProMod. and the PCI suite of software
- Work with the ESO Forecasting group to benchmark Consumers Energy forecasting and performance models including GenTrader, ProMod, MetrixIDR, and in house developed software
- Work with the MISO Market Settlements group to evaluate and report out on generation unit performance utilizing the PCI suite of software
- Other duties as assigned or may be necessary
Essential Duties and Responsibilities Continued
Specific to this role in Merchant Operations & PSCR
- In support of day ahead and real time merchant Operations, develop energy market purchase and sales tools, products and strategies to reduce price volatility and Power Supply Cost Recovery costs
- Develop tools and guidelines to mitigate cost impacts of planned and unplanned outages
- Develop strategy to optimize how CE bids load into the MISO market
- Build relationships with energy trading entities within MISO and PJM to facilitate short-term transactions
- Subject matter expert in electric transmission offerings and tariff requirements to move power from outside MISO zone 7 and other RTOs
- Understand transmission congestion and consult on transmission impacts of the company's power supply acquisitions
- Develop strategy to manage congestion costs through Financial Transmission Rights (FTRs) or other financial instruments
- Develop ancillary services market offer strategy by unit
- Develop guidelines and process for natural gas hedging
- Monitor and report commodity price trends and forecasts
Knowledge/Skills/Abilities
- Knowledge of Electric Supply
- Knowledge of demand-side energy programs and resources
- Knowledge of generation technology and operations
- Knowledge of ProMod, GenTrader, MetrixIDR, and the PCI software suite
- Knowledge of MISO energy, capacity, and ancillary services markets and settlements
Education/Experience
- Bachelor's degree in technical or related field with two (2) or more years of experience in data analysis, computer models, and/or energy markets and costs
- [OR] Associate's degree in technical or related field with four (4) or more years of experience in data analysis, computer models, and/or energy markets and costs
- [OR] High School Diploma/GED with six (6) or more years of experience in data analysis, computer models, and/or energy markets and costs
Consumers Energy
1 Energy Plz
Jackson
Michigan United States
www.consumersenergy.com
