Principal Analyst, Power Markets Modeler

Job description

**Join the Market Leader in Electric Power Data and Analytics Solutions** The electrical grid is the largest and most complicated machine ever built. Yes Energy’s industry-leading electric power trading analytics software provides real-time visibility into the massive amount of data generated by the North American electrical grid daily. Our unique and innovative view of the data informs real-time trading decisions and mid-to-long-term investment decisions that keep utility prices low, support the energy transition, and keep the grid running. It’s both challenging work and work with a purpose. **Be a part of our successful, growing business during international transformation.** **Position Summary** As a Principal Analyst, Power Markets Modeler, you will serve as a high-level subject matter expert and strategic lead in the development of our asset-level forecasts. You will dive deep into North American power market fundamentals and regulatory trends to deliver sophisticated insights into renewable, thermal, and transmission assets. In this role, you will not only lead complex modeling projects but also shape the methodology and technical standards that drive our data platform forward. **Position Details** - Salary range: $135,000 - $160,000 - Location: Hybrid - Boston (Newton), MA - Full-time - Hybrid - 2 days in the office - Reporting to: Director, Energy Modeling - Travel requirements: Occasional travel as needed for client or team collaboration **Primary Responsibilities** - Develop Grid Models: Build and maintain forecasts of the North American electric grid using in-house tools and proprietary procedures. - Market Monitoring: Track trends in renewable energy, battery storage, energy policy, and the retirement of conventional generation. - Data Automation: Leverage technical skills to automate the ingestion of input datasets and the analysis of model results. - Benchmarking & Testing: Plan and execute benchmarking to test model accuracy and drive continuous improvement in future modeling. - Quantitative Analysis: Analyze external US power grid data spanning environmental, financial, and operational metrics. - Client Collaboration: Serve as a subject matter expert to explain market models and scenarios to clients and success teams. - Model Ownership: Own the evolution of your models over time, ensuring they adapt to shifting market fundamentals. **Minimum Qualifications** - Bachelor’s degree in engineering, mathematics, or another quantitative field. - Strong data analysis skills with hands-on experience using Python, R, or similar languages. - Foundational knowledge of North American power market fundamentals and regulatory trends. - Academic understanding of optimization modeling (constraints/shadow pricing) and microeconomics. - Basic understanding of elementary finance, including net present value (NPV) calculations. - Strong communication skills with the ability to explain complex findings to diverse teams. - Ability to thrive in a fast-paced, dynamic environment. **Key Competencies** - Advanced Degree: Master's or PhD in engineering, mathematics, or economics. - Simulation Expertise: Prior experience with power system models like EnCompass, ENELYTIX, AURORA, PLEXOS, or PROMOD. - Industry Experience: Previous work in power markets or renewable energy. - Energy Industry Knowledge: Deep understanding of ISO/RTO market data, including pricing and congestion. - Technical Execution: Proficiency in econometrics, statistics, and manipulating data via SQL or Python. - Problem Solving: Ability to apply structured thinking to break down complex grid challenges. - Systems Thinking: Understanding how data, technology, and market processes interact across the grid. **At Yes Energy, we value connecting directly with candidates. We kindly ask that third-party recruiters and agencies not submit resumes, as we are not open to external recruiting partnerships.** **ABOUT YES ENERGY** **Overview** Yes Energy delivers real-time market data and electric power trading decision solutions. Over 1,000 market participants use Yes Energy solutions daily. The business is a leader in all aspects of information content collection and management, developing and delivering data and market analytics solutions. Since its inception in 2008, Yes Energy has become a trusted and respected supplier of innovative and reliable solutions focused on the needs of power market analysts, traders, and trade managers. Yes Energy has a team of over 350 amazing professionals in Boulder, CO (HQ); Boston, MA; Chicago, IL; Glendora, CA; Richmond, VA; London, United Kingdom; Auckland, New Zealand; and Bucharest, Romania. **Culture** Yes Energy has been named one of the Best Places to Work in Colorado, and we have the culture to prove it. At Yes Energy, we care about saying “Yes” to customers. We like to listen, learn, and develop our solutions in line with their needs. We think about customers as business partners, and when we help them be more successful … we are more successful, too. Around the office, our culture is driven by some pretty fundamental values that we’re proud of: - We love innovation and solving tough challenges; - We are “high standards people” who combine passion and pride with hard work and rewards of all kinds-- in an ethic that is consistent across the company. - We’re team-focused with a flat hierarchy-- we work in small teams on well-defined projects that directly impact the success of the business; - We play to the strengths and experience of each person while each of us also works along a continuum of roles adjacent to our focus area. This presents the challenge of maintaining a broad set of skills as well as an opportunity to learn and contribute in many ways. - We are constantly growing. Professional development happens every day and every year. **Compensation and Benefits** We offer highly competitive salaries and real bonuses that are achievable and that you can impact. Our benefits package is also very competitive, including medical insurance, a 401 (k) Plan with matching, flexible vacation, and flexible work schedules. Yes Energy encourages and funds investment in both formal and informal professional development. At Yes Energy, we are dedicated to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles. In accordance with Colorado law, the range provided is Yes Energy’s reasonable estimate of the base compensation for this role. The actual amount may be higher or lower based on non-discriminatory factors such as location, experience, knowledge, skills, and abilities. *Yes Energy provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Yes Energy complies with applicable state and local laws governing nondiscrimination in employment in every location where the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.*