Integrated Resource Analyst I

7 hours ago

Reading, Massachusetts, United States Reading Municipal Light Department Full time
About the Role

This role will support the Integrated Resource Division's functions related to wholesale energy. The successful candidate will assist in evaluating RMLD's power supply portfolio and its net position in the energy markets. Additionally, this role will focus on all aspects of the reconciliation of Purchase Power on a monthly basis, including the monthly development of the Fuel Charge, Purchase Power Capacity & Transmission as well as NYPA credit.

Key Responsibilities:

  • Perform daily short-term power transaction functions and run various economic models to determine load forecasts, net positions, and future costs.
  • Submit daily load data and ICAP tags to ISO-NE and maintain records. Make daily contact with transmission companies that RMLD is interconnected with.
  • Assist with performing daily Standard Market Design (SMD) efforts, including daily energy forecast, fuel price updates, operational status of generators in power supply, determination of buy and sell prices using up-to-date market information. Has routine contact with ISO-NE and other ISO participants in the daily market as necessary.
  • Compile, prepare, maintain, and submit all power purchase and sales billings, NYPA credit for residential customers, Fuel Charge, Purchase Power Capacity and Transmission (PPCT), Energy Conservation Charge (ECC), and Street light rate for RMLD on a timely, monthly basis to RMLD Billing and Accounting departments.
  • Assist with power supply evaluation, including data collection, analysis, and reporting, such as monthly purchase power summary.
  • Assist in developing and maintaining department modeling tools, such as capacity, energy, and load forecasting.
  • Assist with performing load and economic analysis to determine the optimal power supply mix and cost benefit.
  • Assist in ensuring ISO-New England rule compliance relating to Integrated Resources.
  • Assist in maintaining and updating the ISO-NE contract database. Responsible for confirming and verifying bilateral contracts that RMLD has entered into.
  • Assist IRA II with utility accounting and annual budgets. Assist with compiling and preparing annual DPU reports for power supply-related information. Assist with reports and presentations.
  • Represent RMLD in electric industry and trade organizations to increase industry-related knowledge and promote positive business relationships.
Requirements

A Bachelor of Science in Mechanical, Electrical, or Utility Engineering or a related B.S. discipline, as determined by RMLD, is required. Specific and demonstrated knowledge of distribution analyzing fundamentals, energy risk management, marketing, business program development, and business finance is preferred. The successful candidate must have strong oral, written, and presentation skills with the command of industry terminology. Office procedures, methods, and equipment, including computers, are essential. Well-developed computer skills and excellent knowledge of Word, Excel, Power Point, SharePoint, and RMLD billing software are required.

a minimum of 1-5 years of experience as an Analyst working with wholesale power supply for a technical organization, preferably in the utility industry, with the ability to perform complex technical and financial analysis on the benefits of wholesale power supply markets. A minimum of 1-5 years of project management, budget preparation, and cost control experience is also required. Familiarity with ISO-NE market rules and procedures is necessary.

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