Houston,
TX
77002
US
| Work from home flexibility
TELECOMMUTE
US
Posted: 12/28/2022
2022-12-28
2023-03-02
Industry: Energy-Front Office
Job Number: 1672
Job Description
A newly created energy trading company is building a commercial team focused on energy transition-related themes impacting power, environmental, and natural gas markets. Initial strategies include proprietary trading, asset management, and asset development/acquisition with an emphasis on Battery Energy Storage Systems (BESS). The Asset Trading Team provides energy manager and asset optimization services for third-party BESS asset owners as well as company-owned investments. Extensive market trading experience and bespoke algorithms drive power trading and bidding decisions.
We are currently recruiting for an energy professional to join the BESS commercial team as a Battery Storage Optimizer. The position reports to the Head of BESS and supports the BESS rollout and growth. The position can be in Houston or remotely (WFH).
Key responsibilities:
- Make trading/optimization decisions for the battery storage assets in the day-ahead, real-time, and ancillary markets,
- Communicate daily with asset owners to discuss market conditions, trading risks, and revenue optimization opportunities,
- Build statistical models to forecast Day-Ahead, Real-time (DART) power prices by ISO,
- Analyze key market metrics including short-term market prices, supply & demand, and transmission constraints,
- Understand price formation of all potential revenue streams and tariff rules and apply this to battery storage asset optimization,
- Monitor and override the algorithmic suggested bids as necessary,
- Work closely with algorithmic/quantitative developers to incorporate and test key assumptions (market design, regulatory rules and compliance attributes, generation bidding behaviors, and risk limits/controls) for models/algos, and
- Analyze key financial performance indicators (KPIs) of the project and report to key stakeholders and asset owners.
Educational and professional requirements include a bachelor’s degree quantitative field (engineering, math, statistics, etc.); a minimum of 1+ years of prior experience in the power markets in trading, asset management, price forecasting, transmission modeling, data science, and/or in a quantitative role at a utility, ISO, IPP, power trading firm, or market research firm; experience in the market rules of one or more of the following regions (PJM, NYISO, ISO-NE, CaISO, ERCOT, or SPP); strong understanding of electricity market design, federal and state regulatory rules and issues, tariff structures, renewable energy, and renewable incentives; experience in Excel and Python required for building forecasting models, prototypes and tools; and excellent communication skills. BESS experience is not required.
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