Market Analyst

Base's Risk & Trading team turns a fleet of distributed batteries and the households it serves 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. 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.

Responsibilities

Build a bottoms-up retail pricing model for PJM that builds upon the ERCOT model; Bring PJM into the risk system and P&L reporting, so the margin earned and how to buy supply are known; Own P&L reporting and risk tracking across the battery fleet and retail operations; Build the pricing models behind what Base charges members; Recommend hedges and changes to the hedging strategy in ERCOT and PJM; Track exposure against risk limits; Identify new market opportunities and work with Finance, Growth and Legal & Policy teams to bring them to reality

Requirements

Energy markets knowledge (wholesale market basics in ERCOT and PJM, including how power is bought, hedged and settled, and how retail pricing and operations work); Commercial sense (understanding how a retail offer makes or loses money, the cost to supply it, the margin, and the risk in between); Risk and statistics (thinking in distributions, understanding that power prices are tail heavy, basic statistics); Coding and SQL (building reports and models in Python or another language, pulling data with SQL, working independently)

Nice to have

Experience at a retail energy provider; utility supply desk; or trading middle office