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Potomac Economics
Fairfax, VA | Full Time
$120k-147k (estimate)
3 Weeks Ago
Data Scientist – Electricity Markets Analyst
$120k-147k (estimate)
Full Time | Business Services 3 Weeks Ago
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Potomac Economics is Hiring a Data Scientist – Electricity Markets Analyst Near Fairfax, VA

Job Description:

Can competitive electricity markets coordinate the production of electricity from all supply resources in order to minimize costs, produce reasonable prices, and keep the lights on?

At Potomac Economics, you would be a valuable member of a market monitoring team that studies wholesale electricity markets throughout the United States. This includes designing, creating, and utilizing databases and custom software to analyze a wide array of market data. The team uses this monitoring software to evaluate the performance of competitive markets, identify potential improvements in market design, and detect attempts to manipulate the market or exercise market power.

Primary Responsibilities:

  • Producing efficient Python code to process, visualize, and analyze market data
  • Developing dashboards, figures, tables, and other work products to convey clearly the results of analyses using tools like Excel, PowerBI, and Python
  • Troubleshooting, debugging, maintaining, and improving existing data processing and analysis software in Python and SAS
  • Identifying and recommending improvements to existing software and analyses

A successful Data Scientist will:

  • Communicate analytical conclusions in a straightforward manner
  • Demonstrate the ability to utilize data analysis software to effectively analyze large quantities of market data
  • Collaborate effectively with analysts and market experts
  • Work productively with limited oversight
  • Develop code that is easy to maintain and reuse

Experience:

  • Bachelor’s or Master’s degree in Economics, Data Science, or another relevant field of study
  • 3 or more years of experience with data analysis in Python, Pandas, SAS, SQL, etc.
  • Industry knowledge of electricity/energy markets is preferred

Job Type: Full-time

Salary: $90,000 – $140,000 per year

Work Location: Fairfax, VA – In person 3 days/wk

Benefits:

  • Medical / Dental / Vision / Life
  • HSA / FSA
  • 401(k)
  • Employee discount
  • Paid time off

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$120k-147k (estimate)

POST DATE

04/10/2024

EXPIRATION DATE

06/08/2024

WEBSITE

potomaceconomics.com

HEADQUARTERS

FAIRFAX, VA

SIZE

25 - 50

FOUNDED

2001

CEO

DAVID B PATTON

REVENUE

<$5M

INDUSTRY

Business Services

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About Potomac Economics

Potomac Economics is a leading provider of independent market monitoring, expert analysis and advice, custom software solutions, and litigation support services to the electricity and natural gas industries. Potomac Economics has extensive experience in the areas of electricity market design, pricing, regulatory policy, antitrust and other competitive issues. Potomac Economics is a leader in the field of monitoring and competitive assessment of wholesale electricity markets in the U.S., serving as the Independent Market Monitor for the Midcontinent ISO and ERCOT, the Market Monitoring Unit for... the New York ISO, and the Independent Market Monitoring Unit for ISO New England. In these capacities, Potomac Economics is responsible for implementing monitoring plans to identify and remedy flaws in the market design or attempts to exercise market power. Potomac Economics also serves as the Market Monitor for the Regional Greenhouse Gas Initiative. Dr. David B. Patton is President of Potomac Economics and has 24 years of experience as an energy economist providing expert advice, analysis and testimony to clients in the electricity and natural gas industries. Dr. Pattons areas of expertise include market design and monitoring, merger and other market power analysis, transmission pricing, asset valuation, and congestion management. More
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