Transmission and Congestion Market Associate

Work set-up: 
Hybrid
Contract: 
Work from: 
Dallas (CA), Dallas (US), Houston (US)

Leeward Renewable Energy logo
Leeward Renewable Energy https://www.lreus.com/
201 - 500 Employees
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Job description

LRE (Leeward Renewable Energy) is a high-growth renewable energy company forging a sustainable future through integrity, innovation, and positive impact. We own and operate 30 large wind, solar, and energy storage projects across the United States, totaling over 3 gigawatts (GW) of generating capacity.

LRE has an ambitious goal of 10GW of operating assets by 2028 and are developing and contracting an increasing pipeline of new projects every year. We take a full-lifecycle approach to our projects, built on a long-term ownership model and a company culture dedicated to our community partners and protecting the environment.

Job Summary: 

The Transmission and Congestion Associate will support modeling transmission systems and pricing congestion risk across Leeward’s portfolio. Working with the Manager of Congestion and Market Analytics, Basis Traders, and Director of Portfolio Management, the Associate will help implement the LRE Congestion Plan and identify short-term trading opportunities. 

They will maintain congestion models and data, support risk mitigation strategies through Virtuals and FTR/TCC/CRRs, and lead market intelligence efforts across PJM, ERCOT, MISO, and CAISO. Proficiency in power flow modeling and contributing to quarterly Board reporting is essential. 

Responsibilities:

  • Research, model, and price congestion fundamentals (sources and sinks) in multiple ISOs. 

  • Validate and analyze congestion models for accuracy and completeness.   

  • Manage/mine large data sets to identify and price trading opportunities that mitigate basis risk and enhance/protect expected revenue.  

  • Perform quantitative analyses and econometric studies of energy markets and translate wholesale market changes into strategic opportunities. 

  • In collaboration with the Transmission group and Manager of Congestion and Trading Analytics, maintain, execute, and calibrate power flow optimization models (e.g. YES, Powerworld, Dayzer) needed to develop trading strategies. 

  • Provide daily analysis of market congestion set-up to inform daily virtual trades and PTP transactions.   

  • Develop, update, and participate in the execution of the LRE Congestion Plan. 

  • Contribute to the LRE’s research and innovation activities supporting development of new techniques and/or analytical tools, enhancing LRE’s transactional capabilities. 

  • Produce nodal LMP forecasts across multiple ISOs for short-term and long-term cases. 

  • Collaborate with trading teams to run ad-hoc sensitivity cases. 

  • Ability to lead congestion products auction participation and executes trades in the daily markets.   

  • Establish and maintain working relationships with internal and external contacts that support the development of data driving the LRE models.  

Qualifications: 

  • 3 to 5 years’ experience on a FTR desk, congestion, or energy market analysis team.   

  • Experience with transmission modeling, virtual trading and FTR auctions across multiple ISOs, PJM, ERCOT and CAISO preferred. 

  • Knowledge of wholesale markets power markets and general ISO operations 

  • Strong understanding of transmission systems, drivers of nodal pricing changes and associated power flows. 

  • Can run, scope and interpret power flow models such as Pro-Mod, Power World and/or others.   

  • Critical thinker with strong analytical skills capable of identifying risk mitigating and revenue enhancing strategies. 

  • Experience with transmission modeling tools (Dayzer, YES, etc.) 

  • Experience working within SQL and database structures preferred. 

  • Must hold bachelor’s degree in STEM or a business discipline. 

  • Tableau or Power BI skills preferred. 

  • Proficient with Excel and Word 

  
 

Physical Demands: 

  • This position will travel 10% of time. 
  • Position will require sitting for long periods of time as well as occasionally lifting up to twenty-pound boxes. 

#LI-Hybrid

Leeward Management Services, LLC is committed to employing a diverse workforce and provides equal employment opportunity for all individuals regardless of race, color, gender, age, national origin, marital status, sexual orientation, gender identity, status as a protected veteran, genetic information, status as a qualified individual with a disability, or any other characteristic protected by law.

Notice to Recruiters and Staffing Agencies: Leeward Renewable Energy (LRE) does not accept unsolicited resumes from recruiting vendors or employment agencies. Only recruiting vendors with a current, signed agreement in place with LRE are authorized to submit resumes for specific, requested positions. All unsolicited resumes and candidate profiles submitted to LRE, or any LRE employee, without an active agreement or written request from LRE’s HR Department, will be considered property of LRE. LRE will not be responsible for any fees or expenses associated with unsolicited resumes or candidates submitted in this manner.

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