Job Information
The City of Rochester, MN Energy Market Analyst in Rochester, Minnesota
Energy Market Analyst
Print (https://www.governmentjobs.com/careers/rochester/jobs/newprint/4479693)
Apply
Energy Market Analyst
Salary
$99,041.00 - $145,648.00 Annually
Location
Rochester MN 55906, MN
Job Type
Regular FT
Job Number
20240080
Department
Rochester Public Utilities
Opening Date
05/03/2024
Description
Benefits
Questions
POSITION DESCRIPTION
The City of Rochester invites applications for:
Energy Market Analyst
Rochester Public Utilities
www.rpu.org
RPU, a division of the City of Rochester, MN, is the largest municipal utility in the State of Minnesota. RPU serves over 60,000 electric customers and 41,000 water customers in a 60 square mile service area and has revenues nearing $161 million annually.
The City of Rochester is committed to a community where all members feel a sense of belonging. We commit to recognizing the diversity of our community members, listening to ALL voices and providing equitable services to create an inclusive place to live, play and work.
We believe EQUITY should be at the center of all our work. We strive to represent our community in our teammates, as we know that diverse and inclusive teams are more innovative, and have an empowering impact on the work, progress and culture of our community.
It takes us all working together.
Nature of Work
Under general direction, the Energy Market Analyst is responsible for analyzing data, monitoring electric, energy and environmental markets and forecasting future needs to support RPU’s optimization of wholesale power markets. Responsibilities include, but are not limited to, conducting modeling and analysis of RPU’s energy portfolio and market consumption; preparing regular monitoring reports and assisting in developing bidding strategies.
This position provides work products, data input, and analysis of RPU’s portfolio used to craft and implement strategies that maximize the margin on sales and purchases out of and into the wholesale power market and from RPU's joint action agency as well as assuring compliance with federal, state and local regulatory agencies. This position also engages in the day-to-day market activities and executes strategies that provide the maximum amount of return on the City's investment in power generation assets and that effectively utilizes demand side management assets to reduce purchased power. Work requires the use of independent judgment.
Pay: The 2024 salary range is $99,041 to $116,519, with advancement to $145,648.
To have your application considered in the first round of reviews, please apply before May 20th, 2024
DUTIES AND RESPONSIBILITIES
*Perform detailed quantitative analysis
Conduct modeling and analysis of the energy portfolio and energy consumption to forecast performance.
Perform financial analysis on wholesale energy commodity transactions, including day ahead, real time ancillary services and capacity markets.
Prepare regular market monitoring reports and propose strategy recommendations.
Perform post-analysis of actual dispatch, demand response and system operations.
Perform analysis of system energy usage and demands.
*Development and execute bidding strategies under the direction of the Manager
Monitor and analyze energy portfolio performance and identify risks and report areas of concern.
Monitor, analyze and report on energy market conditions, interactions and trends.
Support contract negotiations by providing technical assistance.
Utilize after-the-fact analysis to enhance the planning process, strategies, tools and overall utilization of RPU’s portfolio.
Maintain knowledge of MISO resource adequacy rules and capacity accreditation processes.
*Ensure sales and purchases comply with external regulations and internal procedures.
Maintain current knowledge of regulatory requirements, including FERC, NERC, MISO, EPA state, local and federal regulations.
Analyze multi-departmental strategies to effectively execute transactions.
Understand and review MISO settlement statements with Manager
Perform other duties as assigned or necessary.
- ESSENTIAL FUNCTIONS
MINIMUM QUALIFICATIONS
Education and Experience
A Bachelor's degree from an accredited four-year college or university with major course work in Economics, Finance, Business Administration, Accounting, Engineering, or other related field considered useful in utility industry and 4 years of responsible full-time employment in the utility industry or data analytics realm.
OR
An Associates degree in Accounting, Electrical Construction, Industrial Mechanics, Engineering or related field and 8 years full-time experience in the electric utility industry
Technical Skills
Data analytics, statistical analysis, trending various amounts and types of data and recommending actions based on modeling. Proficiency in MS Excel. Understanding of the electric power grid, and the MISO wholesale market and operations.
Licenses and Certifications
Valid Minnesota driver's license
DESIRABLE QUALIFICATIONS
Specific training in any/all of the following:
General business, economic & financial knowledge
MISO, ASM, LMP market strategies and transaction protocol
Functions necessary to participate in an Independent System Operator market including bidding, settlements, shadow settlements, metering, and ancillary services.
If this work interests you but you are unsure if you meet all the job requirements listed above, please apply anyway! Your experience is likely more applicable to the role than you think, and the City is interested in candidates who can bring not only technical expertise but a variety of lived experience to the team.
ADDITIONAL INFORMATION
KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of: trading energy in Midwest Independent System Operator or similar LMP based energy market; ancillary services market in a LMP market; the operation and business practices related to power marketing; the principles and practices of the utility industry; various governing regulations pertaining to the utility industry; the principles and application of workplace safety.
Skill in: overseeing and managing all activities related to effective and efficient operation of an electrical power wholesale business unit from directing the business and financial aspects to understanding and guiding the sale and purchase of power and other commodities; using standard and specialized software related to the utility field; dispatching, marketing and settling transactions in wholesale power environment; exercising initiative and organizing oneself with others; prioritizing work and effectively managing allocated time; effectively communicating in all mediums and interpersonally whether speaking with others in a presentation, written formats such as email or documentation, or in verbal conversation.
Ability to: comply with various regulatory requirements and trading activities related to renewable energy; comply with business practices for various organizations such as MISO, ISO and/or MRO; independently make complex decisions; establish and maintain effective working relationships with other RPU divisional management and staff; prepare and work with budgets; communicate effectively with various audiences including staff, board, consultants, and regulatory representatives; provide work direction when necessary and effectively convey thoughts and ideas; work in a stressful environment with rapidly changing priorities.
PHYSICAL AND ENVIRONMENTAL CRITERIA
In compliance with the Americans with Disabilities Act, the following represents the physical and environmental demands for this position. The employee must be able to perform the essential functions with or without accommodation.
In consideration of the overall amount of physical effort required to perform this position, the work is best described as Sedentary Work: Exerting up to 10 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
Physical demands that may be required continuously (2/3 or more of the time), frequently (1/3 to 2/3 of the time), and occasionally (up to 1/3 of the time) are noted below:
Continuous demands: fine dexterity, sitting
Frequent demands: walking, standing
Occasional demands: lifting, reaching.
Sensory requirements necessary in the performance of the essential functions of this position include: sight, hearing, and touch
Environmental conditions that may exist in the performance of the essential functions of this job include:
NONE (not substantially exposed to environmental conditions)
EMPLOYEE BENEFIT AND RETIREMENT SUMMARY (https://www.rochestermn.gov/home/showdocument?id=36371&t=637988555643816877)
01
The following supplemental information may be used as a scored evaluation of your knowledge, skills and experience. Be certain that the choices you make correspond to the information you have provided in your application and resume. By completing this supplemental questionnaire you are attesting that the information you have provided is true and accurate. Any information provided may be reviewed by the hiring manager. Any misstatements or falsification of information will eliminate you from consideration or may result in dismissal. Do you understand and agree with this statement?
Yes
No
02
What is your preferred name?
03
Do you have a valid driver's license?
Yes
No
04
Which of the following best describes your level of education?
High school diploma or equivalent G.E.D.
Less than 2 years post-secondary training
Completion of a 2 year program or degree
Completion of a 4 year program or degree
Completion of a Master's degree or higher
None of the above
05
Other than your High School diploma/GED, which of the following best describes the field of study for your degree?
Economics
Finance
Business Administration
Accounting
Engineering
A field of study closely related to the above
My degree is in an area NOT RELATED to any of the above
N/A - I do not have a degree
06
Which of the following best describes your years of full-time employment experience in the utility industry and/or data analytics?
No experience
Less than 2 years
More than 2 years, but less than 4
More than 4 years, but less than 6
More than 6 years, but less than 8
More than 8 years, but less than 10
10 or more years
07
Tell us how your professional, educational and lived experiences would help you be successful in this role.
08
Select all of the areas you have utility experience in.
Generation systems
Transmission systems
Distribution systems
Customers
Billing
Finance/Accounting
Other
I have not experience in any of these areas
09
Did your years of experience in the utility industry include performing any of the following? (Select all that apply)
Negotiating electric utility contracts
Developing and presenting energy reports
Providing guidance in rate design
Negotiating renewable generation contracts
Analyzing energy market prices and trends
Comprehend and apply capacity and energy processes
Developing and following dispatch strategies
N/A - I have no experience in any of these areas
10
Which of the following best describes your years of experience with MISO market operations, renewable energy credits, or regulatory compliance oversight?
No experience
Less than 2 years
More than 2 years, but less than 4
More than 4 years, but less than 6
More than 6 years, but less than 8
More than 8 years, but less than 10
10 or more years
11
Please indicate the current versions of software that you are PROFICIENT in using: (select all that apply)
Microsoft Office Word
Microsoft Office Excel
Microsoft Visual Basic
Microsoft Outlook
Development applications/languages (Python, C, etc,)
SAP, JDE or other similar ERP systems
None of the above
12
OTHER QUALIFICATIONS: Describe any other special training you've completed or skills and experience you currently possess that you feel would make you the best-qualified person for this position.
13
CONDITIONS OF EMPLOYMENT: City policy requires that finalists are required to undergo a background investigation which may include, but not limited to: verification of employment and educational records, identification verification, driver's license record and a criminal history. Please note that a criminal conviction does not automatically disqualify an applicant from consideration for employment with the City of Rochester. If selected as a finalist, are you willing to undergo a background investigation?
Yes
No
Required Question
Agency
City of Rochester
Address
201 4th Street SE Rochester, Minnesota, 55904
Phone
(507) 328-2555
Website
https://www.rochestermn.gov/employment
Apply
Please verify your email address Verify Email