Day Ahead Trader -ERCOT

Vistra Corp•Irving, TX

1d•Onsite

About The Position

This role involves trading Luminant Energy's daily, next day, and balance of month financial and physical electricity positions. The Day Ahead Trader will develop and maintain a profitable trading book in accordance with Luminant Energy Trading risk management policies and procedures. This position is responsible for obtaining and disseminating market data, constructing and offering unit offers into relevant RTO markets, and working with fuels and transmission teams to manage fuel optimization and power basis risks. The trader will use market knowledge to maximize the profitability of Luminant’s specific ISO generation fleet intra-month, conduct market research, and gather competitive intelligence. Additionally, the role involves working with ISOs and operations to coordinate unit outages, providing pricing curves and market intelligence for relevant regions, and assisting energy professionals in tracking and transmitting physical power flows. The trader will also monitor short-term electricity prices and transmission flows to take advantage of market pricing discrepancies.

Requirements

3 years experience in the trading of financial & physical power flows and wholesale power trading (or related industry knowledge)
1 to 3 years financial trading experience, i.e., options trading, financial power trading, etc
Experience trading next hour and next day products
Experience trading physical and financial products in the assigned platform
Knowledge of ERCOT market rules, preferable
Knowledge in the analysis and modeling of power generation units preferred
Excellent verbal and written communication skills are required
Competency requirements including strong computer skills, analytical thinking, attention to detail and problem solving skills
Ability to work as part of a team, supporting your fellow team mates with a great demeanor
High school diploma or equivalent
Experience gained through college degree programs and/or certifications is applicable to above skills

Nice To Haves

Knowledge of ERCOT market rules, preferable
Knowledge in the analysis and modeling of power generation units preferred

Responsibilities

Trades Luminant Energy’s daily, next day and balmo financial & physical electricity positions
Develops and maintains profitable trading book in accordance to Luminant Energy Trading risk management policies and procedures
Obtains and disseminates market data to energy trading and marketing organizations
Constructs and offers in Day Ahead unit offers into the relevant RTO markets
Works with fuels and transmission team in managing fuel optimization and power basis risks
Uses market knowledge to maximize the profitability of Luminant’s specific ISO generation fleet intra-month
Conducts market research and gathers competitive intelligence on supply and demand forces of various NERC regions
Works with both ISOs and operations to coordinate unit outages
Assists in Luminant energy trading marketing efforts by providing pricing curves and market intelligence for relevant regions
Assists Energy professionals to ensure proper tracking and transmission of physical power flows
Assists physical and financial traders by monitoring short-term electricity prices and transmission flows and taking advantage of market pricing discrepancies