Principal Engineer - Production Cost Modeling

Power your future with Qualus as a fully remote Production Cost Modeling Engineer for our Resource Integration Advisory group with a primary focus on building, running, and analyzing production cost models (e.g., Grid View) to simulate system operations for various power market scenarios. This role requires modeling, simulating and analyzing optimum electric power operations under constrained transmission conditions. The results will help market participants with forecasting the economic ramifications of their planned infrastructure and resource development as they make such investment decisions.

The studies would allow forecasting system dispatch and transmission congestion leading to forward locational marginal prices (LMPs) among many other critical data impacting the economics of power system operation. This position is completely remote.

• Utilize advanced analytical tools, including Production Cost Models (“PCM”s) such as Grid View, to assist with generation, storage and transmission capacity investment decisions. The analysis should be based on well-founded assumptions about future electricity demand, fuel prices, technology costs, performance, and regulatory frameworks, among others.
• Simulate the detailed operation of power systems on an hourly to sub-hourly basis using PCM. Assess resource adequacy and reliability, analyze the impacts of capacity changes on system operations, evaluate transmission congestion and locational marginal prices, and provide comprehensive analyses of daily emission patterns.
• Develop and validate hypotheses regarding the economics of power system operations. Focus on maximizing societal net benefits through effective supply-and-demand balance and minimizing total system costs associated with infrastructure and new resource investments.
• Strategically create and implement all necessary PCM study scenarios, supporting various reasonable hypotheses, and prepare detailed study reports that showcase major findings.
• Execute additional power system studies as needed, contributing your expertise to enhance power system understanding and reliability.

• Hold a Master of Science in Electrical Engineering with a specialization in power system studies; a Ph.D. in Electrical Engineering with a similar focus is preferred.
• Hold a Master of Science in Mathematics or a Master of Arts in Economics emphasizing electric power; a Ph.D. in Economics with a related focus is highly preferred.
• More than 10 years of robust experience in the power industry, system studies, modeling, resource and transmission planning using tools such as PSSE and PSLF.
• More than 10 years of robust experience in resource adequacy and production cost analysis using production cost modeling tools such as Grid View.
• At least 5 years of experience in grid planning or wholesale electricity market operations within CAISO/WECC or other major RTOs and ISOs, along with significant experience in developing energy market policies with ability to interpret complex market data and engage effectively in regulatory and stakeholder discussions.

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• Qualus offers a competitive benefits package for eligible employees, which may include Medical, Dental, Vision, Life Insurance, Short- and Long-Term Disability coverage, Retirement Savings Plans (including employer matching where applicable), Flexible Spending and/or Health Spending Accounts, Employee Assistance Programs (EAP), Parental Leave, Paid Time Off, and Company Holidays. Benefits offerings may vary based on position, work location, and eligibility requirements.
• The compensation range for this position is provided in accordance with applicable laws and market practices. The final base salary…