Market & Adequacy Analyst
Function
- Are you passionate about the energy system and the challenges it faces?
- Do you have at least two years of experience in modelling energy systems as a whole (not just the electricity vector)?
- Do you know how to bring data to life and are you not afraid of managing considerable quantities of data?
- Can you make informed choices and put figures on current and future market trends?
- Do you have experience in energy sectors other than electricity?
- Are your looking for a dynamic team and do you want to work on analysing future developments in the electricity system?
- Do you like to work flexibly and do you have an open and innovative mind?
Then this job is for YOU!
Elia is looking to bolster its Scenarios, Market and Adequacy Analysis department in order to meet the challenges posed by the changing energy system. This department quantifies and analyses scenarios for the European energy mix and also carries out numerous (public or in-house) studies on the energy future of Belgium and Europe, security of supply and interconnection projects.
These include studies on security of supply over multiple time-frames conducted by Elia (proposed volumes for the Belgian capacity remuneration mechanism, 10-year adequacy and flexibility studies, prospective studies on the energy future like the recent ‘Blueprint’) or by ENTSO-E.
The department also conducts economic analyses of the high-voltage grid upgrade which are used in bilateral projects with other system operators or in connection with the federal development plan for the Elia grid or the European TYNDP (Ten Year Network Development Plan).
In addition, the department updates energy mix scenarios covering most of Europe, closely monitors the development of new technologies and establishes multiple future system paths (up to 2050) that are subsequently used in the various studies.
Some of these studies and the team's achievements are listed on the Elia website: https://www.elia.be/en/publications/studies-and-reports
Your responsibilities
As an Market and Adequacy Analyst you contribute to the energy transition by developing future scenarios based on current trends and political evolutions. You analyse market developments and take part in projects and prospective studies. You also are required to develop tools and produce analyses. You work closely with the grid and market development teams at Elia, as well as with various industry stakeholders (regulator, public services, market players, …) . Given the nature of your duties, you interact regularly with different departments at Elia, as well as with ENTSO-E, Synergrid and in connection with research projects.
- You create, improve and use energy market simulation models at Elia based on your knowledge.
- You develop hypotheses for long-term scenarios for Europe, while keeping up with the latest developments in the energy sector.
- You conduct electricity system market studies using economic dispatch models, analyse the findings and draw conclusions.
- In your areas of expertise, you contribute to the work done by the European system operators on security of supply and the development of the transmission system, particularly in connection with ENTSO-E and/or Synergrid.
- You foster an expertise network in your field.
Your Profile
- You have at least two years of experience in data modelling or data analysis.
- You have an in-depth knowledge of and at least an interest in the energy market as a whole. Experience in another energy sector other than electricity would be a plus.
- You have a university degree in economy, engineering, mathematics, IT or data analysis.
- You express yourself clearly and concisely and are able to adapt your communication style to your audience.
- Experience in economic and/or market analyses, preferably in the field of energy, is a plus
- You have knowledge of and/or experience in statistics, econometrics and mathematical optimisation.
- You know how to code in a computer language (VBA, RStudio, Python, etc.) and you have an affinity for data processing (data science and data engineering).
- You follow developments in the energy sector on a daily basis.
- You are capable of working autonomously and in a team.
- You have an analytical and innovative mind.
- You speak fluent French or Dutch and have a good command of English (the team's working language).
Offer
- Salary: a competitive salary package, allowance for representation expenses, year-end bonus, double vacation pay, meal vouchers (€8 per working day), eco-vouchers, sport & culture vouchers, bonuses based on individual and group results.
- Insurance: group insurance, hospitalisation insurance, ambulant care insurance for the whole family and also personal accident insurance.
- Vacation: You will be entitled to 20 vacation days and 5 additional vacation days, 6 local days, 4 exempt days (after 1 year of employment) and up to 5 long-service days (1 day for every 3 years in employment).
- Social fund: Sinterklaas and year-end vouchers, birth and marriage allowance. We will also cover part of the cost of glasses, a dental prosthesis or similar needs.
- Communication: you will be given an iPhone, a phone subscription (for work and private use) and a laptop with internet reimbursement.
- Private PC plan: once every 3 years, a budget will be made available to you for a PC/tablet with software & peripherals for personal use.
- Discounts: you will enjoy a 30% discount on your gas and electricity bill.
- Mobility: we will offer you a company car and public transport or a mobility budget.
- Elia shares: Elia will give you the opportunity to subscribe to shares with a discount of 16.66% on the average share price.
Location
Léon Monnoyerkaai 3, 1000 Brussel
This office is easily accessible by public transport, a 5-minute walk from Schaarbeek station.
We also operate a hybrid work policy that allows you to combine working in the office and at home.