Principal Market Design Analyst

Company: PG&E Corporation
Location: Oakland
Posted on: January 18, 2023

Job Description:

Requisition ID # 143829

Job Category: Accounting / Finance

Job Level: Manager/Principal

Business Unit: Energy Policy & Procurement

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Energy Policy and Procurement (EPP) organization procures electricity, capacity, and ancillary services to serve the needs of bundled electric customers. In addition, EPP procures natural gas, pipeline capacity, and storage capacity on behalf of residential and small commercial customers, and for both utility-owned and contracted third-party electric generation. EPP is responsible for the front office and back-office functions associated with power and gas procurement. Front-office functions entail planning, contracting, trading, scheduling, and dispatching electricity and natural gas for PG&E's customers. Back-office functions entail administering procurement agreements and ensuring timely and accurate payments to the CAISO and third-party power and gas suppliers. EPP also actively participates in regulatory and legislative proceedings that shape the design and implementation of state, regional, and federal energy regulation and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E's energy portfolio.

Position Summary

Supports CAISO Market Design and Analysis in Energy Procurement to understand and shape electric market rules, FERC Policy, and CAISO policy to address challenges related to renewable integration, distributed resources, and storage technologies. Identify and advocate positions to help ensure reliable, affordable and clean electricity service.

Leads CAISO stakeholder initiatives. Develops and advocates market design strategies, policies, and rules. Ensures market design initiatives have clear benefits for customers relative to implementation and other costs. Disseminates knowledge of the wholesale electric and other relevant markets, including operational elements, capacity markets, ancillary service markets. Supports FERC refunds processes as needed. Stay up to speed with renewable (e.g. solar and wind) and storage technologies to identify market changes that need to be addressed.

Performs ad hoc market analysis and monitoring functions.

This position is hybrid, working from your remote office and your assigned work location based on business need. The assigned work location will be within the PG&E Service Territory.

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity.

A reasonable salary range is:

Bay Area Minimum: $132,000
Bay Area Maximum: $226,000

&/OR

California Minimum: $125,000
California Maximum: $215,000

Job Responsibilities

• Have Strategic View of Future Market Developments and Impacts on PG&E Portfolio - Analyst works on a range of strategic and cross-functional areas related to the significant changes expected in the next few years in the California energy markets such as increased level of wind, solar, and storage resources. This strategic work requires an understanding of a wide range of commercial activities within Energy Procurement and an understanding of how our portfolio needs may evolve with changes in market conditions. Analyst will be responsible for driving issues to conclusion.
  • Enhance Communication / Teamwork among Various Internal and External Stakeholders - Analyst works closely with other stakeholders in Energy Procurement and beyond. In addition to having a working understanding of these different groups, it is critical for the Expert Analyst to actively foster good working relationships with these stakeholders and to clearly communicate sometimes complex issues in ways that tailor messaging based on the audience. Analyst will be responsible for working with all levels within the organization including making presentations to Officers and leading cross-functional teams.
    • Shape Electric Market Design - Analyst develops and advocates market design strategies, policies, and rules to minimize costs and risks to PG&E customers in CAISO, FERC, CPUC, and other wholesale market forums. Positions advocated by FERC/CAISO Policy reflect a consensus view of Energy Procurement and PG&E stakeholders and require Expert Analyst to become proficient with significant portions of the CAISO tariff and operations as well as PG&E's energy procurement activities.
      • A Principal Analyst is expected to; 1) act as SME regarding CAISO tariff and practices and CPUC rules, 2) take the lead in developing strategies and tactical approaches in working with CAISO, CPUC and FERC, 3) lead teams to respond to ad-hoc requests for analyses of impacts of electric procurement issues as needed, and 4) assist in overall management of group including performance recognition, performance reviews, and coaching. Minimum:
        • Bachelor's Degree with coursework in a business- related field, mathematics, engineering, or equivalent field of study; or equivalent experience
        • Minimum of eight years of utility or relevant industry experience, with a strong preference for experience in natural gas or renewable natural gas Desired:
          • Advanced degree in a quantitative discipline desirable.
          • Strong analytical skills, ability to solve abstract problems, attention to detail.
          • Advanced understanding of industry and market concepts, especially related to California markets and regulators (CAISO, FERC, and CPUC).
          • Excellent oral and written communication skills with the ability to clearly communicate abstract and technical concepts.
          • Able to solve moderate to complex problems, sometimes with limited information/data.
          • Able to work independently with limited guidance.
          • Able to provide new perspectives/approaches on existing tasks/solutions.
          • Excellent time management skills and ability to manage multiple projects and initiatives.
          • Demonstrated experience of successfully working with cross functional teams
          • Competency in planning and prioritizing work to meet commitments aligned with organizational goals
          • Ability to analyze complex problems and recommend solutions despite incomplete information and limited time
          • Ability to maintain a work environment that fosters teamwork, information and experience sharing, constructive communication and professional and individual development
          • Ability to influence key decision makers
          • Skill in negotiating with stakeholders to reach an agreement
          • Provide oversight and feedback to analysts developing market strategies, policies, and rules.
            
            

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