Power Market Analyst
Flexitricity connects flexible electricity customers to money.
Flexitricity is Britain’s leading demand-side response (DSR) business, providing short-notice response and reserve energy which is cheaper and greener than conventional power stations. Flexitricity plays a key role in the renewable revolution and in the electrification of heat and transport as Great Britain advances towards net zero.
Flexitricity pioneered aggregated DSR for electricity system balancing, and continues to lead this sector in volume, technical capability and innovation. Flexitricity aggregates small generators, energy storage sites and flexible industrial and commercial energy users, making their capacity available to National Grid and Distribution Network Operators (DNOs) for periods of stress in electricity systems. Participating assets are owned by third-party companies who partner with Flexitricity to profit from their flexibility.
To complement the core DSR offer, in October 2018 Flexitricity launched a unique energy supply offering, Flexitricity+. Flexitricity+ provides transparent market access for combined heat and power operators, battery developers, merchant generators and energy-intensive industrial sites. Using our 24-hour control room and live smart grid platform, we monetise the flexibility of our customers in the energy markets and the Balancing Mechanism. In 2020, this market access widened as we took flexibility into the Balancing Mechanism as a Virtual Lead Party for the first time.
Flexitricity is a wholly-owned subsidiary of Quinbrook Infrastructure Partners.
District heating, horticulture, food & drink, e-mobility, logistics, domestic, cold storage, banking, data, chemicals, manufacturing, recycling, water, healthcare, local government, education, retail, media, merchant power.
Flexitricity is currently focused on the GB market only.
About the role
Flexitricity operates in real-time energy markets, delivering flexible electricity capacity at optimised prices to National Grid, DNOs and other market participants. Our job is to earn the best return for our customers using the flexible capacity they have available at the time.
The Power Market Analyst role is a key position in facilitating understanding of power market fundamentals and how that relates to day-to-day operations at Flexitricity. The role will be embedded in the Data Science team to ensure that a deep understanding of market dynamics is captured in the decision-making process.
As Flexitricity grows and the industry increases in complexity, the role will shape how market data is consumed within the business. Through working with data scientists, responding to internal requests and building BI tools for long-term consumption, the Power Market Analyst will ensure data is made visible and valuable to a wide variety of stakeholders.
There will be opportunities to support our trading team, software developers, data scientists and data engineers on data and process initiatives across the business and ensure value is derived along every step of the way from our assets.
Core duties will include:
- Collecting, analysing, and interpreting internal and external data sources, translating findings to all levels of the business.
- Building dashboards for technical and non-technical stakeholders.
- Reporting on market dynamics.
- Reporting on industry trends.
- Working as part of a data science team to deliver quality service to internal customers.
- Operational analysis and decision-making, particularly around price setting.
Reporting to the Data Science Manager within the Data Science team and working alongside Flexitricity’s Trading and Operations teams.
You will be based within Flexitricity’s office in Edinburgh. Note that all Flexitricity employees are working from home during the Covid-19 pandemic, and we support flexible working.
This role requires an enthusiastic, curious, and organised analyst with the following:
- UK power market experience
- Good familiarity with power trading operations
- Ability to analyse and interpret data from various sources
- Experienced with SQL-based databases (Postgres, MS-SQL)
- Experience using BI tools/ building dashboards (Power BI, Grafana, Dash, SSRS)
- Contributes to team development through sharing expertise
- Task focussed with a view to delivering quality analysis
- Ability to drive own progress and to work within a team
- Seeks feedback and demonstrates desire for self-development
- Experience with Python coding
- Familiarity with machine learning concepts
- Familiarity with optimisation techniques
- Experience working with Git
We are committed to rewarding initiative and excellence, and we offer a competitive salary with comprehensive benefits. You can expect challenge, learning and autonomy in creating value in our dynamic industry-leading business which is playing a critical role in the transition to a zero-carbon future.
Employees & Offices
The business is based in Edinburgh and occupies a superb office space overlooking Edinburgh Castle. Flexitricity employs 51 full-time staff. This expert team is dedicated to commercially optimising flexibility, and positively contributing to the decentralisation, decarbonisation and digitisation of Britain’s power system.
102 West Port
Edinburgh EH3 9DN
Interested candidates should apply with a CV to email@example.com.
Get in touch today
Book a call with one of our energy market specialists to find out if you can participate and how much your site could earn.0131 221 8100