Join Base Power Company as a Market Analyst to drive revenue through innovative pricing and risk strategies in the energy market.
Posted by employer 9 hours ago
First seen on Joblaze 2 hours ago
Last verified on the company career page 2 hours ago
What you'll build
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Requirements
Not disclosed in this posting: compensation, visa sponsorship.
Joblaze summary
In the role of Market Analyst at Base Power Company, the individual will focus on profit and loss reporting and risk tracking for the company's distributed battery fleet and retail operations. Key skills include knowledge of energy markets, commercial acumen, and proficiency in coding and SQL for data analysis. This position is ideal for someone with a few years of experience in power markets or retail energy, as it involves making impactful decisions early on. The startup environment means responsibilities may evolve quickly, requiring adaptability and a proactive approach.
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From the original posting
Base’s Risk & Trading team turns a fleet of distributed batteries and the households we serve into a power business that makes money. As a Market Analyst, you’ll know how much Base is earning, where it could lose money, and how it will make money in the next market.
You’ll own P&L (profit and loss) reporting and risk tracking across our battery fleet and retail operations. You’ll build the pricing models behind what we charge members, recommend hedges, and work with Finance, Growth and Legal & Policy to figure out how Base makes money in each new market. Base already does this in ERCOT. Your first job is to do it in PJM.
This role suits someone with a few years of experience in power markets, retail energy, or a related analytical field. You’ll own real decisions early.
Build a bottoms-up retail pricing model for PJM that builds upon our ERCOT model.
Bring PJM into our risk system and P&L reporting, so we know the margin we earn and how to buy supply.
Identify new market opportunities and work closely with stakeholders from Finance, Growth and Legal & Policy teams to bring them to reality.
Recommend changes to Base’s hedging strategy in ERCOT and PJM, and track our exposure against risk limits.
Energy markets knowledge: you understand wholesale market basics in ERCOT and PJM, including how power is bought, hedged and settled. You know how retail pricing and operations work.
Commercial sense: you understand how a retail offer makes or loses money. You can explain the cost to supply it, the margin on it, and the risk in between.
Risk and statistics: you think in distributions, not point forecasts. You know power prices are tail heavy. Basic statistics is enough.
Coding and SQL: you build reports and models in Python (or another language), pull your own data with SQL, and work through a problem independently.
Nice to have: experience at a retail energy provider, utility supply desk, or trading middle office.
Base’s Risk & Trading team turns the grid-service capability of our distributed battery fleet into revenue. That means building and defending the models that decide which markets and products Base participates in, from real-time arbitrage to multi-year distribution deals. The team’s calls carry real weight - a mis-modeled coincident peak or an unvetted market opinion shows up directly in Base’s book. You’ll work alongside traders, market operations engineers, and policy leads who bring the same rigor to distribution-scale energy that a trading desk brings to wholesale power.
First Principles Thinking: Question assumptions. Principles > rules.
Standard company text repeated across Base Power Company's postings is omitted here.
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