Power Fundamental Analyst

Boston Energy Trading and Marketing (BETM) is a wholly-owned subsidiary of Mitsubishi Corporation, a global integrated business enterprise that develops and operates businesses across virtually every industry. Mitsubishi’s current activities have expanded far beyond its traditional trading operations to include investments and business management in industrial goods, retail, new energy, infrastructure, finance and new technology-related businesses.

Boston Energy Trading and Marketing provides asset management & optimization services to owners of generation and energy storage in North America, and wholesale energy to retail power & gas suppliers. Our proprietary traders cover competitive power markets including New England, Midwest and Western markets. BETM has been optimizing our customers’ generation assets for over 15 years. Our current organization has its roots in Citizens Power, dating back to 1989 when Citizens obtained the first FERC power marketing license and market-based-rate authorization. Mitsubishi’s Diamond Generating acquired BETM from NRG Energy in August 2018, and prior to 2014 BETM was known as Edison Mission Marketing and Trading. Mitsubishi's provides BETM with investment-grade credit support for BETM’s commercial activities.

Role Summary: 
Boston Energy Trading and Marketing ("BETM") is looking for a Power Fundamental Analyst to join its Analytics team in support of power market intelligence, data analysis, and forecasting efforts for the energy trading and generation services business areas. The successful candidate will possess strong analytical capabilities with a demonstrated ability to identify and quantify market trends and dynamics. The candidate must be adept at working independently as well as have strong collaborative capabilities across the Analytics, Trading, Asset Management, and Structured Products teams. This position will report to the head of the Energy Trading and Analytics team and will be located in our Boston, MA office.

Reports to: SVP, Energy Trading and Analytics

Responsibilities:
We expect to develop the successful candidate via a series of supervised projects to the point that the individual is prepared to support the following responsibilities:

• Develop and maintain regional power balances by aggregating historical data from EIA and other government agencies, third-party vendors, and industry announcements on generation, load, inter-regional transfers and creating forecasts for all North American RTO power markets (PJM, CAISO, NYISO, MISO, SPP, ISO-NE, ERCOT)
• Identify and quantify major trends in power markets including changes in renewables (solar, wind), dispatchable fossil generation, utility and behind-the-meter (BtM) Battery Energy Storage Systems (BESS) additions, and load growth associated with data centers and other emerging demand centers
• Maintain an up-to-date information on major components of power systems including generation additions and retirements, major transmission development, and hyperscale load additions
• Perform scenario analysis to assess the impact of changing market conditions on regional power balances and market pricing
• Provide analytical support to all BETM commercial groups (Trading, Structured Products, and Asset Management)
• Develop regular market intelligence reports and presentations for internal stakeholders
• Assist in the evaluation of market opportunities and risks for trading and asset management strategies
• Work closely with quantitative analysts, traders and originators to incorporate fundamental insights into trading and valuation models

Qualifications:

• Bachelor's degree in Economics, Engineering, Mathematics, Computer Science, or equivalent quantitative study is required. A graduate degree is desirable
• Experience with data analysis tools, proficiency in Python, SQL, and related data science libraries (Pandas, NumPy, SciPi) is desirable
• Experience with power market fundamentals, including supply and demand dynamics, transmission constraints, and wholesale market operations is preferred
• Knowledge of North American electricity markets, regulatory frameworks, and market design is highly desirable
• Ability to work with large datasets and various data sources to extract data
• Understanding of statistical analysis and forecasting methodologies
• The successful candidate will demonstrate attention to detail, diligence, curiosity, confidence, and creativity, and possess strong organizational, interpersonal, and communication skills
• Ability to assist the team in establishing plans to achieve goals in the presence of ambiguity, and the ability to plan/manage multiple priorities while remaining committed to deadlines in a demanding environment
• Works well in an open office environment
• 1-3 years of experience in power market analysis, utility planning, or related field is preferred

Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.