Description
THE POSITION:
Reporting to the Director of Power Resources and Access, the Market & Regulatory Analyst performs economic and financial research and analysis in support of the New Hampshire Electric Cooperative, Inc (NHEC) Power Resources and Access (PR&A) Department’s regulatory and strategic planning initiatives. Position is responsible for the development of research, reports and presentations to NHEC leadership concerning the electric utility industry, energy markets, and PR&A initiatives. This position provides data driven analysis to support critical decision making. The ability to simplify complex scenarios into key takeaways is essential, as is the ability to breakdown and explain specific details of the analysis.
Job Responsibilities:
- Participate in and progress the Cooperative’s power supply resources hedging and planning activities as well as participate in Independent System Operator of New England (ISO-NE) administered markets and NEPOOL participant groups. May take part in NEPOOL/ISO-NE working groups, conferences, meetings, webinars, or other related activities.
- Provide clear, informative, and well-supported analysis to inform Cooperative and Department decision-making, including strategic and operational planning for power supply resources required by NHEC.
- Engage with the PR&A team in the preparation of reports and presentations used to convey information to Senior Leadership Team and Board Committee.
- Participate in providing PR&A support for regulatory functions and related activities, including any applicable regulatory filings, compliance filings, and reports.
- Research, evaluate and report on:
- Fundamental drivers of price movements in energy markets
- Forward prices in electricity and natural gas markets
- Renewable Energy Certificates (RECs) market and forward price dynamics
- Regional and local transmission price trends and infrastructure buildouts
- ISO-NE/NEPOOL market rules and pending changes
- NH State Legislative and regulatory initiatives affecting NHEC
- FERC regulations affecting market rules
- NERC regulations potentially affecting NHEC
- Regional and National trends in the electric power industry
- Update & prepare reports from various PR&A databases and planning/analytical tools
- Perform other duties as assigned.
THE PERSON:
- A Bachelor's Degree in Business Administration, Economics, Engineering, Accounting or related field is preferred plus 3 years of commodity markets and /or government regulatory processes experience, or 7 years equivalent experience in lieu of bachelor’s degree.
- An advanced degree is desirable.
- Work experience with New England energy utilities strongly preferred.
- Knowledge of power supply, transmission resources, regional power markets, renewable energy and utility state and federal regulation is highly desirable.
- Proficient in preparing and presenting persuasive analysis and reports in support of management.
- Ability and aptitude for collaboration to educate and inform colleagues on energy related matters and support activities related to Power Resource and Access presented across departments.
- Proficiency in use of MS Office products required. Advanced skills in Excel helpful.
WORKING CONDITIONS:
- Remote work part time is available with requirement of a minimum of 16 hours per week on site at the NHEC office building. Additional hours in office optional.
- Normal responsibilities involve office work using computer and internet technology.
- Some day-to-day travel within the utility system may be required. Extra hours when necessary, during evenings and weekends. Occasional overnight travel to meetings and conferences.
- Assistance with power restoration efforts required. If necessary, during regular business hours employees will be assigned functions to support power restoration and for some employees that may be different from their normal duties. In addition, such assistance may require working nights, weekends and holidays which may involve considerable extra hours.
ADDITIONAL INFORMATION:
Review of applications will begin on February 12, 2024, and will continue until the position has been filled, or otherwise closed. Please be prepared to provide a resume and cover letter to complete your application. Any application not containing a resume and cover letter will be considered incomplete.
COMPENSATION:
NHEC views compensation in a holistic and transparent manner. We are committed to providing our employees with work-life balance, generous time off, comprehensive health and retirement benefits, and additional programs that enhance our employees and members lives. The salary range for this role is targeted at $90,000 – 103,000.
THE ORGANIZATION:
Headquartered in Plymouth, New Hampshire, NHEC is the largest member-owned electric cooperative in New England, providing electric utility service to consumers and businesses in 115 communities throughout New Hampshire. There are 220+ employees serving our members, which is at the heart of everything we do and every decision we make, and our mission is to provide our members access to affordable, reliable electric service options that support and simplify their lives. The electric utility industry is currently undergoing enormous change as consumers look for new ways to manage energy costs through renewable energy, distributed energy resources such as solar arrays and battery storage, energy efficiency, electric vehicles, and energy-related apps on smart devices.
There is much to be proud of in our existing organization, and a genuine enthusiasm for what the future holds. It is an environment in which individual leadership and initiative are highly valued and encouraged, and success is viewed as a shared accomplishment to be celebrated by all. Ensuring our members have the energy they need, the information they want, and a partner they can trust is what makes us different. We invite you to learn more about the impact you can have by exploring our website at www.nhec.com.
Exempt : Yes
Type : Full Time
Department : Energy Delivery
Location : PEMI
Non Union
Please visit our careers page to apply!