Power Trading Analyst (or Senior Analyst)

Houston, TX 77002 | Work from home flexibility

Posted: 04/08/2024 Industry: Energy-Front Office Job Number: 1784

Job Description

An international energy company in Houston seeks a Power Trading Analyst to support its Power and Natural Gas businesses. The Power Trading Analyst will actively participate in market analysis, hedging, fuel procurement, dispatch/bidding, asset operations, and M&A activities for its power generation assets, primarily in the PJM, ISO-NE, NYISO, MISO, and ERCOT markets.

The Power Trading Analyst is part of a small, collaborative team responsible for asset trading, generation optimization, and maximizing profitability margins. Key responsibilities include a combination of analytics to support commercial decisions:
  • Following the daily physical and financial power markets. Research the ancillary, energy, and capacity markets, emissions/REC markets, and regulatory developments. Identify key market drivers and data points.
  • Performing analysis to determine short—and long-term trading opportunities in the commodity markets (power, RECs, natural gas, etc.).
  • Understanding power market nuances that impact individual generation assets and the overall general portfolio.
  • Formulating short and long-term market views and forecast power prices to optimize asset trading and hedging decisions.
  • Working with plant operations, third-party energy managers, and fuel suppliers (intraday gas procurement) for optimal asset trading and optimization.
  • Supporting the daily Day-Ahead bidding strategy and trade execution of power generation for natural gas-fired facilities in PJM, ISO-NE, and NYISO based on market conditions and the company’s positions.
  • Daily monitoring and reporting on the power plant activity. 
  • Assisting with asset valuation support for M&A opportunities.
  • Developing processes/systems to support front-office operations required to optimize generation assets. Working across internal teams (front, middle, and back-office) to capture transactions in third-party Risk Management (ETRM), Logistics, Finance, and Accounting Systems.
  • Reporting on critical commercial and operational metrics on generation portfolio.
  • Reviewing and managing project contract obligations. 
  • Undertake ad hoc tasks, including preparing commercial operations presentations. 

Educational and Professional Requirements:
  • Bachelor’s degree in business, economics, finance, or a related field.
  • Minimum of 3+ years of commercial analytical experience working with conventional or renewable power generation assets. Prior professional experience in trading analytics, structuring, quantitative analysis, quantitative risk, fundamental analysis, and/or market risk will be considered.
  • Strong analytic and modeling skills.
  • Understanding and knowledge of locational marginal pricing (LMP-based) in the wholesale power market (ideally experience with PJM, ISO-NE, NYISO, MISO, and/or ERCOT).
  • Exposure to power trading, power generation, and/or hedge strategy development for natural gas-fired generation assets (required). Exposure to renewable energy generation including wind, solar, and battery storage (a plus).
  • Knowledge and experience with dispatch models (a plus).
  • Knowledge of trade capture systems.
  • Proficient knowledge of commodity risk management analysis.
  • The position requires an entrepreneurial mindset and the ability to help build processes/systems.
  • Advanced skills in data analysis, advanced Excel, VBA, SQL, and PowerPoint. Experience with Python, R, MATLAB, C/C#/C++, JAVA is a plus. 
Employees work three days in the office and two remotely.

Job Requirements

Power, Renewable Power, Power Generation, Power Market, Power Markets, Power Trading, Asset Trading, PJM, NYISO, NEISO, MISO, Fundamental Analysis, Hedging, Natural Gas Power Plant, Wind Power Plant, Solar Power Plant, Battery Storage, Locational Marginal Pricing, LMP, Commercial Operations, Power Trading Analyst, Junior Power Trader, Energy Trading Analyst, Power Price Forecasting, Nodal Markets, Power Trader, Power Trading,
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