What are the responsibilities and job description for the Energy Market Analyst position at Consumers Energy?
Consumers Energy is Michigan’s largest energy provider, providing natural gas and/or electricity to 6.8 million of the state’s 10 million residents in all 68 Lower Peninsula counties. Consumers Energy knows job number one is to keep the lights on for customers. We are committed to delivering reliable, clean, and affordable energy to our customers 24/7.
Location: This is a hybrid (virtual/onsite) position with required onsite days on Monday, Tuesday and Thursday assigned to Parnall located in Jackson, MI. The selected candidate must be within a commutable distance or willing to relocate (relocation package is available for those that qualify).
General Summary Of Job Responsibilities
The Energy Market Analyst is responsible for evaluating and optimizing MISO energy market offer strategies, evaluating and optimizing energy model performance, evaluating and reporting on generation unit performance, evaluating and reporting on the Customer Value Realized metric, and evaluating and reporting on the performance of the companies Demand Response program performance. The analyst will evaluate these using sophisticated regression and neural network models, advanced excel spreadsheet models, and generation unit commitment models. Work closely with peers in ESO Operations, ESO Forecasting, MISO Settlements, and Generation Operations.
Essential Duties And Responsibilities
Specific to this role in Merchant Operations & PSCR
At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.
What We Offer
We, at CMS Energy, value Diversity, Equity, & Inclusion. It is part of our DNA. We treat our employees with respect, we treat each other fairly and we value the opinions of others. We are passionate about building and nurturing an environment where everyone feels included. We don’t discriminate. We seek to learn about each other and better understand our unique differences. Our uniqueness makes us authentic. We create safe spaces where everyone can be who they truly are. We invite difficult conversations and uncomfortable topics. We value diverse perspectives; this is what makes us great together. We harbor an inclusive environment where employees feel empowered to share their backgrounds, experiences, and ideas. Our Employee Resource Groups, Women in Energy (WE), Minority Advisory Panel (MAP), Pride Alliance of Consumers Energy (PACE), GENERGY, capABLE, Interfaith and Veterans Advisory Panel (VAP) are key enablers to living the values of our company culture: Caring, Empowered, Deliberate, Agility, and Ownership.
All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, age, sexual orientation, gender identity or national origin.
Location: This is a hybrid (virtual/onsite) position with required onsite days on Monday, Tuesday and Thursday assigned to Parnall located in Jackson, MI. The selected candidate must be within a commutable distance or willing to relocate (relocation package is available for those that qualify).
General Summary Of Job Responsibilities
The Energy Market Analyst is responsible for evaluating and optimizing MISO energy market offer strategies, evaluating and optimizing energy model performance, evaluating and reporting on generation unit performance, evaluating and reporting on the Customer Value Realized metric, and evaluating and reporting on the performance of the companies Demand Response program performance. The analyst will evaluate these using sophisticated regression and neural network models, advanced excel spreadsheet models, and generation unit commitment models. Work closely with peers in ESO Operations, ESO Forecasting, MISO Settlements, and Generation Operations.
Essential Duties And Responsibilities
- Work with ESO Operations and Generation Operations to validate and report out on the Customer Value Realized Metric
- Evaluate and report out on the companies Demand Response programs
- Work with ESO Operations to evaluate and optimize MISO energy market strategies utilizing Gentrader, ProMod. and the PCI suite of software
- Work with the ESO Forecasting group to benchmark Consumers Energy forecasting and performance models including GenTrader, ProMod, MetrixIDR, and in house developed software
- Work with the MISO Market Settlements group to evaluate and report out on generation unit performance utilizing the PCI suite of software
- Other duties as assigned or may be necessary
Specific to this role in Merchant Operations & PSCR
- In support of day ahead and real time merchant Operations, develop energy market purchase and sales tools, products and strategies to reduce price volatility and Power Supply Cost Recovery costs
- Develop tools and guidelines to mitigate cost impacts of planned and unplanned outages
- Develop strategy to optimize how CE bids load into the MISO market
- Build relationships with energy trading entities within MISO and PJM to facilitate short-term transactions
- Subject matter expert in electric transmission offerings and tariff requirements to move power from outside MISO zone 7 and other RTOs
- Understand transmission congestion and consult on transmission impacts of the company’s power supply acquisitions
- Develop strategy to manage congestion costs through Financial Transmission Rights (FTRs) or other financial instruments
- Develop ancillary services market offer strategy by unit
- Develop guidelines and process for natural gas hedging
- Monitor and report commodity price trends and forecasts
- Knowledge of Electric Supply
- Knowledge of demand-side energy programs and resources
- Knowledge of generation technology and operations
- Knowledge of ProMod, GenTrader, MetrixIDR, and the PCI software suite
- Knowledge of MISO energy, capacity, and ancillary services markets and settlements
- Bachelor's degree in technical or related field with two (2) or more years of experience in data analysis, computer models, and/or energy markets and costs
- [OR] Associate's degree in technical or related field with four (4) or more years of experience in data analysis, computer models, and/or energy markets and costs
- [OR] High School Diploma/GED with six (6) or more years of experience in data analysis, computer models, and/or energy markets and costs
At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.
What We Offer
- Competitive compensation packages
- Medical, Dental and Vision
- 401k with company match
- Paid parental leave
- Up to 13 paid Holidays
- Paid time off
- Educational Assistance Program
We, at CMS Energy, value Diversity, Equity, & Inclusion. It is part of our DNA. We treat our employees with respect, we treat each other fairly and we value the opinions of others. We are passionate about building and nurturing an environment where everyone feels included. We don’t discriminate. We seek to learn about each other and better understand our unique differences. Our uniqueness makes us authentic. We create safe spaces where everyone can be who they truly are. We invite difficult conversations and uncomfortable topics. We value diverse perspectives; this is what makes us great together. We harbor an inclusive environment where employees feel empowered to share their backgrounds, experiences, and ideas. Our Employee Resource Groups, Women in Energy (WE), Minority Advisory Panel (MAP), Pride Alliance of Consumers Energy (PACE), GENERGY, capABLE, Interfaith and Veterans Advisory Panel (VAP) are key enablers to living the values of our company culture: Caring, Empowered, Deliberate, Agility, and Ownership.
All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, age, sexual orientation, gender identity or national origin.
