National Grid Analyst (Assoc/Sr), Forward Capacity Market in Waltham, Massachusetts
National Grid is seeking an individual to play a primary role in implementing and developing its strategy for the management of distributed generation resources in ISO-New England’s (ISO-NE) Forward Capacity Market (FCM). National Grid implements and manages a significant amount of sustainable energy resources such as energy efficiency, solar generation, demand response, and combined heat and power. These sustainable resources supply capacity to the electric grid and National Grid monetizes that capacity by bidding the resources into ISO-NE’s Forward Capacity Market. Successful candidates will contribute to the success and expansion of National Grid’s sustainable energy programs through participation in the ISO-NE Forward Capacity Market.
_About the Position_:
This Analyst position will focus on implementing the bidding and hedging strategies, as well as reporting and forecasting methods required for FCM resource management. Successful candidates will have the opportunity to play a key role in the further development and expansion of National grid's wholesale electricity market participation strategies. The Analyst will partner with other internal teams and ISO-NE regarding strategies and data management.
_Position Responsibilities (including but not limited to):_
Implement the strategies and forecasting methods required for FCM resource management.
Manage current assets and look for ways in which to grow the Company’s participation in order to maximize monetization of the Company’s solar DG resources.
o Potential areas for growth include expanding the Company’s resource portfolio to include Demand Response and battery storage technologies.
o Opportunities for further monetization include bidding currently uncommitted capacity into reconfiguration auctions and brokering bilateral agreements with itself as well as with other market participants.
Participate in ISO-NE Working Group meetings, Forward Capacity Auctions, and other ad hoc meetings as necessary.
Attain a deep understanding of the Market Rules, ISO New England Manuals and intricacies of the market and apply them in strategy development and execution.
Interface with other departments within the Company (Regulatory Strategy, Electric Supply, Load Forecasting) to leverage knowledge and information to the Company’s advantage as well as to maintain consistency in external messaging.
Oversee the FCM resource lifecycle and be primarily responsible for submitting required information for each of these: Show of Interest, New Resource Qualification, Forward Capacity Auction, Critical Path Schedule monitoring, Renewable Technology Resource elections.
Implement a process for monitoring the ongoing performance of DG resources in the FCM.
Work with other individuals responsible for FCM data submissions and strategy development.
_General Accountabilities and Tasks:_
Proactively develop and maintain effective relationships with internal and external stakeholders.
Represent National Grid values when meeting with key internal and external stakeholders such as ISO-NE or regulatory agencies. Manage the day-to-day relationship with other external stakeholders engaged in FCM operations.
Deliver high quality work with adherence to internal and external deadlines.
Develop and maintain a solid understanding of the business by staying abreast of industry trends, and learning and sharing best practices.
Develop and maintain a technical understanding of energy efficiency and solar Distributed Generation services in relation to the Forward Capacity Market.
Research primary data sources, identify key themes, analyze trends, and present to senior management in defining the approach for the FCM.
Appropriately challenge existing work practices and continuously seek ways to make improvements and drive greater efficiencies.
Make projections for FCM performance on an ongoing basis to support senior management in defining resource planning strategies.
_Knowledge & Experience Required:_
Bachelor’s degree in a related area and a minimum of 1 years of related experience (wholesale electricity markets, solar DG project development, or economic/policy analysis) OR an advanced degree with a focus on wholesale electricity markets.
Proficiency in relevant software e.g. Microsoft Office Suite (Excel, Word, PowerPoint, Access).
Knowledge of relevant industry practices, trends, and legislation.
Familiarity with the FCM or other energy markets.
This position is one of National Grid’s career path roles which provide for promotional opportunities within and across salary bands as you develop and evolve in the position by gaining experience, expertise and acquiring and applying technical skills.
//National Grid is an equal opportunity employer thatvaluesa broad diversity of talent, knowledge, experience and expertise. We foster a culture ofinclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to bean affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.//
Job: *Customer Group
Organization: *Customer Group
Title: Analyst (Assoc/Sr), Forward Capacity Market
Requisition ID: 20173025