Senior Congestion Analyst

Join us in this role where you’ll develop and maintain models and methodologies leveraged by the North America trading desk, the transmission team and others across the commercial organization to forecast and manage nodal pricing and congestion risks.

Welcome to Commercial Americas and Market Analytics
You’ll be part of Market Analytics where you, together with your colleagues, will work closely with the trading desk to provide input for models such to forecast nodal electricity price components to inform trading and investment decisions. You will work closely with the trading desk and provide direct input for trading/hedging decisions for CRR auctions, Day-Ahead/Real-Time and Point-to-Point congestion trading. As a team, we work closely with the transmission team to provide input to medium/long-term nodal pricing for congestion analysis and nodal price modeling to support investment decisions.

You’ll play an important role in:

• leading development of nodal price modeling to enhance the decision making and competitiveness of US Trading and the Americas Commercial Organization
• forecasting and analyzing fundamental congestion drivers (generation, load, outages etc.) and analyze congestion risks for the power trading desk
• utilizing and enhancing production cost models and security-constrained optimal power flow models (Dayzer)
• developing models, tools and techniques to monitor price patterns, load, congestion etc., to identify risks and develop trading strategies
• partnering with trading teams to identify new congestion trading strategies
• collaborating effectively with cross-functional teams including Trading, Risk, IT, Market and Revenue Analysis, Growth/Strategy, Commercial Structuring, and M&A teams.

To succeed in the role, you:

• have preferably 3+ years of experience working in US power markets preferably on a power/congestion trading desk.
• possess a bachelor's degree or higher in electrical engineering or another quantitative field e.g., computer science, statistics, mathematics, physics or related field
• are analytical with the ability to provide precise and solid insights on congestion drivers, identify causes and conditions, structure action plans, and propose and explain to internal stakeholders
• have experience in the market structure, transactions, and protocols of US power markets especially pertaining to price formation and congestion costs
• possess knowledge of electricity markets such as nodal/zonal price formation and congestion cost drivers, FTR/CRR auctions, day-ahead and real-time markets
• have experience with fundamental modeling in electricity markets and familiarity with production cost modeling tools such as DAYZER, PLEXOS, ENCOMPASS.

Maybe you’ve read the above and can see you have some transferable skills, even though they don’t quite match all the points. If you think you can bring something to the team, we still encourage you to apply.

Shape the future with us
Send your application to us as soon as possible. We’ll be conducting interviews on a continuous basis and reserve the right to take down the advert when we’ve found the right candidate.

As an applicant or employee, you may request reasonable work and position accommodation or adjustments via accommodation@orsted.com.

Please note that for your application to be taken into consideration, you must submit your application via our online career pages and answer the screening questions relevant for your country. We don't take applications or inquiries from external recruiters or agencies into account for this position.

About the job
Application deadline:
14 April 2025

Location:
Chicago, US

Field of work:
Sales and energy trading

Employment type:
Permanent

Work hours:
Full-time

Workplace:
Hybrid (office and home-working)

Imagine a future with Ørsted

About Ørsted
- We develop, construct, and operate offshore and onshore wind farms, solar energy farms, storage facilities, and bioenergy plants in Europe, Asia, and North America.

- Our vision is to create a world that runs entirely on green energy.

- We’ve been ranked as one of the world’s most sustainable energy companies for the past six years.

- We’re headquartered in Denmark.

- We have over 8,600 employees, working in 15 countries and growing.

An inclusive team
Ørsted wants all employees to have the same opportunities for impact and growth, regardless of age, nationality, disability, ethnicity, gender, sexual orientation or beliefs. We’re committed to secure an inclusive work environment characterised by a respect for all people so everyone feels free to openly share their input and ideas.