Energy Trader

Responsibilities

• Focus on energy markets, with specific interest in PJM and MISO market
• Utilize quantitative skills, a combination of tools, and market knowledge to collect and analyze market data, supporting your hedge strategies recommendations and execution
• Apply quantitative analysis to understand market dynamics and make data-driven decisions, using a plethora of sources such as weather forecasts, ISO data, asset specific info, PPA conditions, etc.
• Actively manage volumetric, congestion and DART exposures, using market instruments such as outright power, FTRs/PTPs, virtuals, options.
• Analyze and recommend the best strategies around capacity auctions in PJM and MISO.
• Co-develop tools and integrated systems supporting the trading activity, such as stack models, bidding tools, dashboards.
• Track market dynamics, following fundamentals, trends, regulatory updates.
• Maintain close interaction with operational teams, collecting real-time asset insights and proving them with market info to base operational decisions (e.g., maintenances, LD estimates, etc.).
• Present hedge strategies (and their results) to executive committees and broader groups, (e.g., including teams such as finance, operations, legal, asset managers, etc.).
• Collaborate with trading teams across the organization sharing and aligning market insights and views.

Qualifications

• Have a strong understanding of PJM and MISO (additional knowledge in ERCOT is not required but appreciated), with hands-on experience or interest in these regions.
• Have experience transacting in PJM and MISO (additional ISO also a plus), especially in short- and medium-term markets, with instruments such as dailies, weeklies, virtuals, CRRs and PTPs.
• Are skilled in quantitative analysis and can apply those skills in a market context.
• Have a passion for the energy market, particularly in renewable sources like solar and wind, as well as storage technologies.
• Can keep track of market trends, fundamentals, and regulatory changes in PJM (such as changes in market design and the capacity auctions) and interpret their impacts in the overall market conditions.
• Direct knowledge of how to manage or optimize energy assets like solar, wind, battery storage, or thermal plants is a plus
• Good understanding in risk management, usual metrics and thresholds
• Proficiency handling complex data sets, using tools such as Excel and Pyhton (SQL queries is a plus)