RWE Supply & Trading Americas, LLC, Chicago To start as soon as possible, full time, permanent Functional area: Commercial / Trading Your future plans Energy and electricity markets are rapidly changing with the deployment of intermittent renewables and energy storage. You are part of the analytics team that forecasts the impact of these changes on energy and electricity prices in selected US markets. The goal of reducing uncertainty for hedging and optimization decisions of our US renewables assets. To improve and expand our market view, we are looking for a US Market Analyst. You will analyse fundamental price drivers such as fuel commodity prices, regulatory changes, and conventional and renewables capacity development into a production cost model and quantify the impact of these drivers on wholesale electricity prices. You will improve and expand our forecasts, perform model runs, check model plausibility, and back-test model results. Come up with deeper analytics to improve trading strategy and work closely together with the desks on implementation. You will be part of our analyst community and will provide and explain your findings directly to the commercial optimisation teams, who base their day-to-day trading and hedging decisions on the model output. The market analysis focus for this position is for power on ERCOT, expanding to PJM, CAISO, and other ISOs. You will need to understand and model specific market design elements such as price formation, capacity auctions, and co-optimization of energy and reserves. * Analyse relevant fundamental drivers (supply and demand curves, existing grid and line capacity and availability, technical gird parameters, residual load, interconnection capacity, regulatory changes, etc.) * Compile time series for all relevant power model inputs * Work together with commercial functions to collect and provide the best available knowledge * Contribute to the RWE Analyst Community to share knowledge and gain access to group intelligence * Transfer market design into model logic * Model automization, calibration & backtesting * Perform model runs and develop model scenarios incl. stochastic model development * Automate model input updates and model result processing * Interpret model results to provide decision-oriented support for trading decisions, as well as ad hoc projects * Understand and evaluate external studies and forecasts * Deliver long term market view for strategic projects and general valuations Your powerful skills * University Degree in Engineering, Economics, Finance, Mathematics, Physics or equivalent. An advanced degree with an electricity market focus is a plus. * Strong conceptual understanding of electricity market concepts such as security-constrained economic dispatch and unit-commitment, nodal/zonal price formation, capacity auctions, co-optimization of energy and reserves, "missing money," and levelized cost of electricity. * Professional experience in the electricity marketis a plus * Experience in fundamental modelling, particularly production cost modelling for electricity markets. Experience with production modelling tools such as PLEXOS, AURORA, DAYZER, PROMOD, UPLAN, or similar or mathematical programming languages like GAMS is a plus * Very strong quantitative and analytical skills (transfer of algorithms into model conduct) * Excellent communication skills * Ability to transfer knowledge between analysis and decision makers in other departments with an interdisciplinary approach * Excellent IT skills inc. ability to model in main languages as Python and in the MS Windows environment (particularly Excel, Access) * Experience interfacing with databases (SQL, R) * Language skills: business fluent in English * Very good team player, high level of self-motivation and flexibility, ability to work in a competitive environment and to meet tight deadlines Benefits you can rely on * Join an international leading energy trading house which is in a period of growth * Find yourself in a motivating workplace that is built on mutual trust, values and a feedback culture with a positive and inspiring working atmosphere * Attractive renumeration package * Vivant team work, support and openness, visibility and recognition of own work rwe.com/career Apply now with just a few clicks: ad code 87328 Any questions? Patrycja Bartela, patrycja.bartela@rwe.com We look forward to meeting you! We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity. #inclusionmatters RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 1,700 employees from over 50 different countries trade (renewable) electricity, (green) gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from renewables.