Job Title:
Power AnalystContract Type:
PermanentTime Type:
Full timeJob Description:
Power Fundamental Analyst
Location: Houston, Texas
Department: Gas/Power Fundamentals
Reports to: Head of Gas and Power Fundamentals
Role Overview
The Power Fundamental Analyst provides analytical and market research to develop and maintain short-, medium-, and long-term market views across key North American power markets (e.g., ERCOT, PJM, MISO, WECC). The analyst will integrate supply-demand fundamentals, weather, transmission, and fuel market dynamics to generate actionable insights that inform trading strategies, asset dispatch, and portfolio positioning.
Key Responsibilities
Build and maintain fundamental models for load, generation, renewables, transmission, and fuel dynamics across major ISOs. Monitor and forecast supply/demand balances, reserve margins, congestion, and price formation drivers.
Analyze generation stack evolution (retirements, additions, outages) and transmission constraints impacting nodal and zonal prices. Develop and continuously refine short- and long-term price forecasts (DA, RT, monthly, seasonal, and forward strips).
Translate fundamental outlooks into tradable themes and relative value ideas. Quantify sensitivities (e.g., weather, gas prices, renewables output, load growth) on forward curves and spreads.
Produce concise market commentaries and scenario analyses ahead of key decisions.
Gather, clean, and manage large datasets from public and proprietary sources. Automate recurring reports and dashboards in Python, SQL, or Power BI to improve decision speed.
Collaborate with quantitative analysts to bridge fundamental and statistical models. Support calibration of internal valuation models used for structured deals, tolls, and HRCOs.
Work closely with spec and asset traders, to align market views and exposures.
Qualifications
Education: Bachelor’s or Master’s degree in Finance, Economics, Data Science, Mathematics, Engineering, Physics, or related quantitative discipline.
Experience: 2–6 years of relevant experience in energy markets, trading analytics, or power system operations.
Technical Skills:
Strong analytical and quantitative modeling skills.
Proficiency in Excel, Python, and SQL.
Experience with power market datasets (e.g., ISO data portals, EIA, SNL, Genscape, ABB/Velocity Suite, Yes Energy).
Understanding of nodal markets, congestion drivers, and fuel-power relationships (spark spreads, heat rates).
Familiarity with optimal power flow modeling software such as PROMOD, DAYZER, AURORA, or UPLAN-NPM is an asset.
Soft Skills:
Excellent communication and synthesis abilities; able to translate complex analysis into actionable insights.
Self-starter with strong attention to detail and curiosity about market drivers.
Ability to operate in fast-paced trading environment with tight deadlines and evolving priorities.
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
Top Skills
What We Do
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at www.gunvorgroup.com or @Gunvor
