Market Fundamentals Analyst

The Alberta Electric System Operator (AESO) is responsible for the safe, reliable, and economic planning and operation of the Alberta Interconnected Electric System. We provide open and non-discriminatory access to Alberta's interconnected power grid and also facilitate Alberta's competitive wholesale electricity market. The AESO strives to foster an inclusive, diverse and equitable workplace where people feel respected and welcomed for who they are, together we deliver high performance and innovative results.

Job Description

Market Fundamentals Analyst

If you are a current AESO employee or contractor, please view openings and apply through our internal site at Workday.

Our Load Forecasting and Market Analytics team is looking for a full-time Market Fundamentals Analyst.

In this role, you will lead and support a variety of initiatives related to developing and supporting energy consumption (load) modeling and conducting assessments of fundamental drivers of the Alberta Interconnected Electric System (AIES). You will be involved in modernizing our long-term load forecasting model, developing hourly projections for the Long-term Outlook and ad-hoc analysis, assessing impact of electrification and decarbonization policies and industry trends, conducting and presenting research and analysis of emerging trends in the Alberta market and grid operations, and collaborating with other teams within Markets and Grid Reliability.

This full-time opportunity offers a competitive salary, and a variable pay program. We also have paid vacation and flex time, health and dental benefits, mental health support, a defined contribution pension plan, and learning and development opportunities as part of your overall compensation package. We support a hybrid work environment, where the team is in the office on Tuesdays, Wednesdays, and Thursdays. Mondays and Fridays are flexible for where you work best.

Key aspects of the role:

• Develop and support the modernization of the long-term load forecast by collecting and analyzing historical load, developing and applying forecasting methodologies and algorithms, implementing forecasting and visualization processes, evaluating and validating modeling accuracy, communicating and reporting to relevant decision-makers and stakeholders, updating documentation and keeping track of maintenance cycles.
• Conduct research on impacts to the AIES due to electrification of different economic sectors and technology adoption pathways using economic decision modeling, and propose methodologies for integrating into main load forecasting model.
• Monitor and analyze load forecast drivers such as policy measures, market rules, emission regulations, market trends, capital cost curves, and other relevant market fundamentals.
• Develop market fundamental assessments by using technical skills (e.g., SQL, Python, SAS) to blend data and analytics with economic theory and principles relevant to the Alberta wholesale electricity market.
• Forecasting: Experience with ARIMA and regression models for predictive modeling.
• Explore and define opportunities for process improvement and implement approved changes in a collaborative manner.
• Maintain and build key internal and external stakeholder relationships.
• Promote collaboration and teamwork and share information, ideas, and knowledge. 

Signs you'll enjoy this role:

• You are curious to learn more about AESO's electricity market and related data, including how it's accessed and used.
• You thrive in a dynamic environment and are looking for an opportunity work with an organization enabling the energy transition in Alberta's electricity sector.
• You enjoy working in a team of bright professionals and participating in lively discussions. You appreciate working and learning in a diverse atmosphere – our team and colleagues have varied backgrounds, experiences and perspectives.
• Your skillset is well-balanced between storytelling and communication on one end and critical thinking, technical (analytical and programming) and problem solving on the other.
• You are detail-oriented with a high degree of organizational skills, and can prioritize and manage multiple tasks meeting overall requirements and deadlines.

A combination of these experiences and qualities will support your success in this role, and will be taken into consideration when determining seniority level:

• 1-5 years of experience in a load forecasting, energy market fundamentals, and/or complex system modeling role is preferred; relevant graduate studies (thesis or practicum) work could be considered as part of the experience requirement.
• A bachelor's degree in Statistics, Applied Mathematics, Engineering, Economics, Business, Computer Science, Energy Management or relevant data science/predictive analytics discipline. A graduate degree in these fields will be considered an asset.
• Proven analytical and problem-solving skills, particularly hourly-level modelling experience incorporating spreadsheets, databases, statistical software or programming languages is an asset.
• Python Proficiency: Hands-on experience with Pandas, NumPy, SciPy, and scikit-learn for time series analysis and modeling.
• SQL Skills: Experience working with MS SQL Server, MySQL, or other relational databases to extract and analyze time series data.
• Data Visualization: Experience with Matplotlib, Seaborn, and Plotly for time series visualization, including trend lines, moving averages, and seasonal decomposition.
• Business Intelligence: Familiarity with Power BI, Tableau, or other BI tools for creating interactive time series dashboards.
• Statistical Analysis: Understanding of time series decomposition, autocorrelation, stationarity tests (ADF, KPSS), and smoothing techniques (exponential, rolling windows).
• Excel Expertise: Advanced skills in pivot tables and time-based formulas.  Some experience with JavaScript or ReactJS or other energy modelling/forecasting tools.
• Power systems operations and electricity market understanding is desirable.

Application deadline: November 25, 2025

#LI-Hybrid

If you are contacted for a pre-screening and/or interview, please advise of any accommodation measures required to enable you to fully participate. Information received relating to accommodation measures will be addressed confidentially.

The Alberta Electric System Operator is unable to accept unsolicited agency resumes.

The Alberta Electric System Operator, and its members, officers, employees and agents (collectively, the "AESO") is committed to protecting personal information provided to it. When you submit your personal information to the AESO for the purpose of pursuing employment with the AESO, the collection, use and disclosure of personal information is in accordance with the provisions of the Freedom of Information and Protection of Privacy Act (FOIP Act) of Alberta.

As noted, the AESO is mandated to maintain the safe and reliable operations of the provincial power grid. As part of meeting its obligations, the AESO may require the successful candidate to undergo a criminal background check for the position. This collection of personal information for the purposes of a check will be conducted in accordance with Section 33 of the FOIP Act.