Company Description
We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.
Job Description
We are looking for an Analyst to join our Power and Renewables Research team, focussing on the analysis of European power markets from a short-term perspective, specifically related to price modelling for continuous intraday markets in Europe.
The team’s research spans power market fundamentals, market modelling, price forecasting, policy analysis, asset valuation and corporate strategy across the region’s power markets. The team consists of detail-oriented industry experts who are commercially savvy and have strong technical abilities.
In this role you will be responsible for developing, improving and maintaining price forecasting models in various geographies across Europe. This will cover power market fundamentals, including weather, demand, and generation forecasts. Woodmac’s models incorporate thousands of data parameters and detailed market information to forecast power flows and pricing based on key market drivers. The work undertaken will contribute to the growth, quality, and commercial success of our research.
Main Responsibilities
Power market modelling and analysisWork as part of a team to maintain, develop and operate our models.Special focus on intraday models that update frequently and ingest of real-time (streaming) data.Contribute to research and product development, strategies and planning.Help to ensure that our offerings provide pertinent content, targeting issues of high value to our existing and perspective clients.
Supporting commercial growth Engage with prospective clients and other stakeholders to promote our Power and Renewables offerings.Build relationships with existing and prospective clients, developing opportunities to demonstrate the scope and value of our research, pursue new business and secure revenue growth.
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Qualifications
You’ll be intellectually curious, collaborative, innovative, organised, and detail orientated. You are also committed to providing great service to our clients and have a strong commitment to the growth and success of our team. You have data and modelling skills, including experience of modelling or commercial analysis ideally power markets gained at a utility, developer, consultant/research provider, university or other markets/investment focussed organisation.
You’ll have a strong understanding of data handling and provide programming (most preferred language is Python) and analytical skills. Knowledge of an additional European language besides English would be an advantage.
Expertise in Europe’s power markets would be beneficial, as is familiarity with key commercial frameworks in the sector – such as auction regimes, power purchase agreements, capacity and ancillary markets – and the objectives of European energy policy.
You’ll think strategically, contributing to product development and planning, and be able to learn, improve and expand our research processes.
You’ll also have experience working with complex data and demonstrate an affinity with numbers. Experience with one or more of the following would be beneficial: Python, R, Java, SQL, PowerBI, machine learning algorithms, mathematical optimization, statistical methods as well as expertise in strengths and weaknesses of both traditional forecasting tools and machine learning algorithms.
Additional Information
We are a hybrid working company and the successful applicant will be expected to be physically present in the office at least 2 days per week to foster and contribute to a collaborative environment, but this may be subject to change in the futureDue to the global nature of the team, a degree of flexible working will be required to accommodate different time zones
Wood Mackenzie Values
Inclusive – we succeed togetherTrusting – we choose to trust each otherCustomer committed – we put customers at the heart of our decisionsFuture Focused – we accelerate changeCurious – we turn knowledge into action
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