Senior Analyst

All applicants need to apply online at:  www.txucorp.com

Reference job#:  620160643

 

Job description:

This position is responsible to provide assessments associated with a fundamentals driven strategy, including plant valuations in a nodal market, valuations necessary to determine an ideal asset portfolio, and develop and support regular reports that allow the user to quickly assess market conditions. This position is responsible to perform UPLAN studies to forecast the expected future premium/discount of nodal values relative to the established Load Zones and Trading Hubs. This position actively drives the development of an optimum set of transmission upgrades that supports and/or preserves the value of TXU generating plants. This position is responsible for developing and managing non-commodity risk mitigation products to be made available to TXU Energy and other ERCOT retail electric providers. This position is responsible to work in conjunction with the ERCOT Transmission Services team to minimize the total cost of transmission congestion and wires fees paid by TXU Energy along with supporting Rates and Regulatory.

ESSENTIAL DUTIES AND RESPONSIBILITIES Other duties may be assigned. Directly or through others, the incumbent will:

? Perform power flow analysis necessary to identify which transmission projects being proposed by ERCOT System Planning are financially justified, as well as, proactively identify and advocate projects that are beneficial for TXU Energy.
? Contribute expertise pertaining to the setup and operation of simulation models (e.g., UPLAN & PowerWorld) and maintaining the underlying databases for use in the fundamental analyses of the ERCOT market.
? Perform and provide consulting to the commercial decision makers involved in Grid Optimization decisions (e.g. ERCOT Trading, Portfolio Optimization, Retail, and Markets & Regulatory) on the physical and operational characteristics of the ERCOT transmission grid.
? Develop and maintain system to display expected future premium/discount of nodal values relative to the established Load Zones and Trading Hubs.
? Track and provide continual improvement to the non-commodity risk mitigation product, including a transmission and distribution rate hedge, a local congestion hedge, and a ERCOT Administration Fee hedge, each with an appropriate risk premium fee.
? Identify the grid optimization activities which enable TXU Energy to minimize the total cost paid for transmission congestion and wires charges.
? Actively participate and represent TXU Energy in ERCOT Regional Transmission Planning Working Groups.
? Monitor and track the ERCOT market to maintain a current outlook on evolving issues and opportunities.
? Communicate with client organizations on a proactive basis to stay ahead of their evolving fundamental market analysis needs.

SCOPE LEVEL
Supervisory Responsibility: Occasionally serve as a lead on projects and direct the activities of other power modeling analyst involved.

Internal/External Interfaces: Serve as a liaison to the ERCOT Trading Desk, Portfolio Optimization, and Markets & Regulatory. Perform with minimal oversight

 

Qualifications:

EDUCATION/EXPERIENCE
The minimum education requirements are:
? Undergraduate degree in electrical engineering is required.
? Advanced electrical engineering and/or MBA degree preferred

The minimum experience requirements are:
? 2-4 years of experience with Transmission Systems Models such as PowerWorld or PSS/E.

PHYSICAL/MENTAL DEMANDS AND WORKING CONDITIONS Requires the ability to perform the essential duties and responsibilities in the following environment:

? Occasional long, irregular hours.
? Use of high-end PCs and LAN networks usually more than 8 hours a day.
? Open workspace office environment.

SKILLS AND COMPETENCIES The following knowledge, skills and capabilities must be demonstrated at a proficient level:

? Strong understanding of transmission system characteristics and the ability to operate modeling tools such as PSS/E or PowerWorld.
? Strong presentation and report preparation skills required.
? Prior experience with market simulation models such as UPLAN preferred.
? General database application knowledge &/or programming experience preferred.
? Prior research experience in gathering and analyzing data from energy markets preferred.

Portfolio Optimization Knowledge
Demonstrates an understanding of the dynamics and risk drivers associated with the portfolio model.
Anticipates how changes in one business or in the business environment may impact others in the portfolio.
Demonstrates appropriate ability to provide stress-testing analysis to support operational, financial and risk decision making at the portfolio level.
Demonstrates appropriate ability to align analysis with broad portfolio business strategy.

Simulation Modeling Skills
Demonstrates appropriate mastery of structural simulation models, including development, setup, operation and analysis
Effectively uses knowledge of quantitative techniques to determine relative importance and likelihood of alternative scenarios