Market Operations Analyst/Engineer

Posted:
8/29/2024, 2:13:26 AM

Location(s):
Texas, United States ⋅ Austin, Texas, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Operations & Logistics

Workplace Type:
On-site

At ERCOT, our diverse and dynamic work environment provides a platform on which employees can work together to build the future of the Texas power grid and wholesale market utilizing the latest technologies and resources.  We encourage you to join our talented, dedicated workforce to develop world-class solutions for today and tomorrow’s energy challenges while learning new skills and growing your career.

ERCOT is committed to fostering diversity and inclusion at all levels of our company. It is the cornerstone of our corporate values of accountability, leadership, innovation, trust, and expertise. We accept and celebrate those that join us and recognize that individuals with a wide variety of talents, ideas, and experiences propel the innovation that drives our success. A diverse and inclusive workforce strengthens us and allows for a collaborative environment to solve the challenges that face our industry today and in the future.
ERCOT offers the flexibility to work both in and out of the office within the state of Texas, providing our employees with an enhanced work life balance.

Working in our market operations division allows for a unique and dynamic opportunity to be at the forefront of the wholesale electricity markets in Texas.  You will gain hands-on experience in market design initiatives and real-time operations of the wholesale market while developing your leadership, engineering, and data analysis skills.

Engineering support for the wholesale electricity market in Texas. Monitors system conditions and market performance. Works closely with both internal and external stakeholders concerning issues related to the wholesale market construct within the ERCOT Protocols. Helps ensure consistency and stability of the market.

Acquires the skills and knowledge to provide engineering and analytical support for the wholesale market and grid operations. Prepares and validates models of the electric power systems.  Applies principles of electricity market theory to understand market behavior and outcomes.  Investigates methods for data analysis to develop improved analytical tools.  Monitors and analyzes the wholesale electricity market. Generates and maintains market reports per requests and protocols.  Assists the management team and senior experts in providing technical assistance to PUCT, industry and stakeholder groups.  Recommends, reviews and tests proposed changes to the ERCOT wholesale market systems and design. Under supervision, helps to ensure all wholesale market activities have been successfully completed per protocols and works closely with Market Participants to resolve issues concerning wholesale market and grid operations.

JOB DUTIES

  • Understands the basic principles, theories and concepts related to the profession and learns how to apply them within the ERCOT culture.
  • Follows standard practices and procedures in analyzing situations or data from which answers can be readily obtained.
  • Contributes to specific objectives and outcomes as directed.

ADDITIONAL JOB DUTIES

  • Assists in monitoring and analyzing the ERCOT wholesale market
  • Develops understanding and knowledge of competitive energy markets and trends
  • Develops and maintains knowledge of the wholesale market and ERCOT grid operations in order to support Market Participant business needs
  • Acquires the skills and knowledge to begin to anticipate and resolve issues within the ERCOT wholesale market and grid operations using power engineering knowledge
  • Generates and maintains market reports per requests and protocols
  • Assists the management team and senior experts in providing technical assistance to PUCT, industry and Stakeholder groups
  • With guidance from senior team members and/or management, assists in addressing Market Participant questions pertaining to the daily market and grid operations activities
  • Attends stakeholder, industry, and PUCT meetings under the direction of the ERCOT management team
  • Escalates issues to the Supervisor and/or Manager in a timely manner when necessary
  • Develops strong working relationships with other internal departments
  • Performs engineering studies using the ERCOT network models to analyze conditions and events on the system
  • Tests and validates changes to market applications

QUALIFICATIONS

EDUCATION

  • Bachelor’s degree in Engineering, Economics, or related discipline or a combination of education and experience that provides equivalent knowledge to a major in such fields.

REQUIRED EXPERIENCE

  • Requires minimum 2 years related work experience in excess of degree requirements.

Salary and level will be based on overall experience as determined by ERCOT.

PREFERRED EXPERIENCE

  • Strong experience in data analysis
  • Experience with any of the following:  SQL, SAS, Python, Advanced in Microsoft Excel
  • Familiarity with ERCOT NPRR’s
  • Previous experience working in energy markets or real time operations
  • Understanding of market concepts such as shadow prices, optimization engines, and price formations

WORK LOCATION – Taylor, TX:

  • Employees will be required to be on-site in Taylor, TX at minimum 2 days per week, or more, as needed based on the business needs as determined by management
  • On-site schedules are flexible or may be rotated based on business needs as determined by the Manager
  • Remote work is required to be performed from your Texas residence.  
  • Employees may opt to work on-site more than required or 100% of the time

The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities.  It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned.  This job description is not intended to create a contract of employment with ERCOT.  Both ERCOT and the employee may exercise their employment-at-will rights at any time. #LI-Hybrid, #LI-MH1

Expected Salary Range:

$82,344 - $131,720