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ENMAX

Transmits electricity; generates and sells energy

Energy Market Modelling and Analytics Specialist

Quantitative ResearchPosted on Nov 10
Full-timeCalgary, AB, CanadaNo salary listed

About the Job

Requirements

  • A bachelor's degree in Engineering, Analytics, Computer Science, Statistics, Finance, Economics, or a related discipline from an accredited university is required.
  • At least 8 years of related industry and technical experience is required.
  • Strong financial modeling skills are required, including discounted cash flow analysis, revenue forecasting, operating costs, capital expenditures, depreciation, taxes, discount rates, and valuation.
  • Experience with statistical modeling, machine learning, stochastic simulation, optimization, or other advanced analytical techniques is required.
  • Proficiency with Python, SQL, Excel, and other quantitative software applications is required.
  • Advanced statistical modeling and/or data science skills, including applying these methods to understand and forecast market outcomes, are required.
  • Knowledge of Alberta electricity markets, market fundamentals, and energy-related commercial activities is required.
  • Applicants must be legally authorized to work in Canada and must successfully complete a criminal background check.
  • Two pieces of valid government-issued identification and two professional references are required.

Responsibilities

  • Provide analytical and strategic support on Alberta electricity market fundamentals and the Restructured Energy Market (REM), including implications for generation, load, hedging, dispatch, valuation, and portfolio profitability.
  • Develop, implement, and maintain quantitative, stochastic, optimization, financial, valuation, forecasting, and risk models that support trading and commercial decision-making.
  • Analyze market structure, supply and demand, generation economics, price formation, transmission constraints, congestion, ancillary services, and market risk.
  • Build and maintain scalable data pipelines, data models, analytical datasets, and production applications, including data ingestion, transformation, integration, validation, testing, monitoring, and documentation.
  • Translate business and market requirements into modeling approaches, data requirements, technical specifications, and production-ready solutions.
  • Assess commercial drivers and risks through scenario analysis, sensitivity analysis, stochastic simulation, back testing, and financial modeling.
  • Partner with trading, commercial, risk, finance, engineering, data science, and technology teams to address wholesale business and operational challenges.
  • Own analytical models, data pipelines, and technical applications through their full lifecycle, from development and testing through production implementation, optimization, and ongoing maintenance.
  • Apply programming, data science, and engineering practices to automate and scale analytical processes, improve model performance, and enable repeatable, production-ready solutions.
  • Identify opportunities to improve modeling, automation, optimization, and decision-making across the competitive business, and translate those opportunities into practical solutions.
  • Communicate complex technical, financial, and market analysis clearly, providing actionable insights to senior leadership and internal stakeholders.
  • Deliver high-quality analysis and solutions within tight timelines while adapting to evolving market conditions, business priorities, and REM requirements.

Desired Qualifications

  • Direct experience with the Restructured Energy Market (REM), R30, or locational marginal pricing is an asset.
  • Experience with Azure, Databricks, Spark, or other cloud-based data engineering and analytics platforms is an asset.
  • Experience developing and implementing technical applications, data pipelines, analytical models, and automated workflows is an asset.

About the Company

ENMAX

Transmits electricity; generates and sells energy

ENMAX is a private Calgary-based energy company that owns and operates the electricity grid in its service areas and generates power. It runs ENMAX Power and Versant Power to maintain transmission and distribution lines that safely deliver electricity to homes and businesses in Calgary and parts of Maine, while ENMAX Energy provides electricity and natural gas options to customers across Alberta. Its products include power generation, electricity and natural gas plans, and related energy services. Unlike many competitors, ENMAX is wholly owned by The City of Calgary, with a focus on reliable delivery and customer energy options through its integrated grid, generation, and retail businesses. The company aims to provide safe, dependable electricity delivery and a range of energy options to residential, commercial, and industrial customers.

Company size
1,001-5,000
Company stage
Not listed
Total funding
Not listed
Headquarters
Calgary, Canada
Founded
1904

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