US Power Market Modelling Analyst

RWE • Austin, TX

3d • $90,000 - $140,000

About The Position

Within RWEST’s Global Market Analysis department, Strategic Market Analysis is responsible for long-term analysis, modelling, and price forecasts across Europe, the Americas, and Asia. Its work includes power price modelling and forecasting, bespoke scenarios and sensitivities, and forecasting fundamental price drivers such as macroeconomics, energy demand, commodity and carbon markets, investment costs, technological change, emissions targets, and regulation. To support RWE’s US investment plans and growth strategy, the analyst will provide in-house modelling and analytics for important US electricity or energy markets. The role is part of the Long-term Modeling North Americas team based in Austin and reports to the Head of US Long-term Power Modelling.

Requirements

• University degree in Engineering, Economics, Finance, Mathematics, Physics, or an equivalent field.
• Very strong quantitative and analytical skills, including the ability to transfer algorithms into model conduct.
• At least one year of work experience in long-term electricity market modelling and analysis.
• Experience with production cost-based modelling tools such as PLEXOS, AURORA, PROMOD, or UPLAN.
• Ability to transfer knowledge between analysis and decision makers in other departments using an interdisciplinary approach.
• Experience interfacing with databases, programming, and data visualization software, such as SQL, Python, PowerBI, or Tableau.
• Good communication skills and ability to condense model results into presentations for different stakeholder groups.
• Enthusiastic team player with a high level of self-motivation and flexibility, able to work in a competitive environment and meet tight deadlines.

Nice To Haves

• Advanced degree with an electricity market focus.
• Knowledge and experience in commodities markets.

Responsibilities

• Conduct long-term electricity market modelling for relevant US growth markets, such as ERCOT, CAISO, and WECC, and develop expertise to lead analysis and modelling for one or more markets.
• Analyze market fundamentals, policy, and electricity market design, and translate findings into model inputs.
• Monitor market fundamentals, regulatory developments, commodity prices, and power prices to maintain models; create backtests and relevant model scenarios and sensitivities.
• Collaborate with team members and Strategic Market Analysis colleagues to learn from experienced modelers and ensure overarching or global long-term modelling concepts and assumptions align with established RWE principles.
• Support consistent application of US forecasts and modelling outputs across the RWE Group.
• Communicate key findings and implications to North American and Group-level stakeholders, including Commercial Analysis, Strategy, Commercial Optimization, Regulatory Affairs, Controlling, Finance, and the internal management team.

Benefits

• International energy trading house in a period of growth.
• Motivating workplace built on mutual trust, values, and a feedback culture, with a positive and inspiring working atmosphere.
• Teamwork, support, and openness, with visibility and recognition of one's work.
• Salary of $90,000–$140,000 plus bonus.
• Relocation package available.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level