Energy Market Analyst (Senior)

What we are looking for

We are looking for a Senior Energy Market Analyst who will serve as our primary link between evolving grid conditions market events and short-term price formation across our trading strategies. This person will maintain continuous awareness of transmission outages topology changes weather developments and ISO communications and translate these into actionable pricing context. Their insights will directly support live performance improve forecast accuracy and help strategy owners understand when and why the market is diverging from expectations.

This role combines strong power systems intuition with real-time operational awareness. It resembles fundamentals expertise within our Power Markets team but with a dedicated continuous focus on short-horizon pricing dynamics.

What you will do

Real-time and short-term market awareness

• Monitor market alerts operational notices derates outages and topology changes across ERCOT (and additional ISOs as needed).

• Track real-time system behavior including flows congestion patterns and constraint activation.

• Interpret weather forecasts and conditions to anticipate impacts on load renewables and thermal availability.

• Maintain an up-to-date view of expected pricing based on fundamentals rather than statistical models.

Price formation and fundamentals analysis

• Analyze price behavior system lambdas shadow prices and congestion outcomes to explain deviations from forecasts.

• Identify emerging drivers of price shifts and communicate them clearly and promptly.

• Contribute to topology updates constraint model assumptions and other inputs that shape our price forecasts.

• Develop short-horizon fundamentals-based expectations for pricing events (“forecaster-in-the-loop”).

Post-event diagnostics

• Conduct structured reviews of significant pricing events identifying root causes and fundamental drivers.

• Provide insights that help strategy owners refine assumptions adjust models and improve execution guardrails.

• Synthesize lessons learned into repeatable frameworks and tools.

Cross-functional collaboration

• Provide real-time and short-term pricing context to strategy owners engineers and research scientists.

  • Help build or refine dashboards and tools that improve situational awareness for the broader team.

  • Communicate clearly to both technical and non-technical audiences distilling complex system behavior into actionable insight.

The minimum qualifications you’ll need

• Bachelor’s degree in engineering power systems operations research physics economics mathematics or a related quantitative field.

• 3+ years of experience in US electricity markets in an analytical operational fundamentals or trading-adjacent role.

• Strong understanding of power system fundamentals including transmission topology congestion formation and unit commitment/economic dispatch dynamics.

• Familiarity with at least one nodal market ideally ERCOT.

• Ability to monitor and interpret market events in real time occasionally including early mornings or weekends.

• Proficiency in SQL Python or similar tools for data retrieval and analysis.

• Strong communication skills and the ability to explain pricing dynamics clearly.

• Comfortable working in a fast-paced cross-functional environment.

Nice to have additional skills

• 5+ years of nodal market experience with demonstrated expertise in fundamentals congestion analysis or grid operations.

• Hands-on experience interpreting ERCOT outages constraints and power flow behavior.

• Experience supporting trading desks merchant operations or real-time analytics teams.

• Familiarity with short-term load or renewable forecasting methods.

• Experience using dashboarding tools (e.g. Plotly Dash Streamlit Superset).

• Proven ability to synthesize complex grid events into timely actionable insight.