Day Ahead Trader -ERCOT

Vistra Corp•Irving, TX

About The Position

If you have what it takes to become part of the Vistra family and would like to start a promising career with a global leader, take a look at the exciting employment opportunities that are currently available and apply online. Job Summary Job Description Key Accountabilities •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 Education, Experience, & Skill 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 Key Metrics •Achieve maximum profitability of Luminant’s specific ISO generation fleet intra-month Job Family Trading Company Luminant Energy Company LLC Locations Irving, Texas Texas We are a company of people committed to: Exceeding Customer Expectations, Great People, Teamwork, Competitive Spirit and Effective Communication. If this describes you, then apply today! If you currently work for Vistra or its subsidiaries, please apply via the internal career site. It is the policy of the Company to comply with all employment laws and to afford equal employment opportunity to individuals in all aspects of employment, including in selection for job opportunities, without regard to race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, disability, genetic information, military service, protected veteran status, or any other consideration protected by federal, state or local laws. If you are an individual with a disability and need assistance submitting an application or would like to request an accommodation, please email us at [email protected] to make a request. Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential power resources to customers, businesses, and communities from California to Maine. Vistra is the largest competitive power generator in the U.S., with a capacity of approximately 41,000 megawatts, or enough to power 20 million homes, operating in all of the major competitive wholesale markets in the country. Vistra is a leader in the energy transformation and expansion with an unyielding focus on reliability, affordability, and sustainability, powered by a diverse portfolio that includes natural gas, nuclear, coal, solar, and battery energy storage facilities. The company continues to grow its zero-carbon resources, operating the second-largest fleet of competitive nuclear power plants in the country, substantial battery energy storage capacity, and a growing number of solar facilities. Vistra is one of the largest competitive electricity providers in the country and takes an innovative, customer-centric approach to retail, offering solutions to meet customers’ needs, including more than 50 renewable energy plans. Through its family of retail brands, Vistra serves approximately 5 million residential, commercial, and industrial retail customers. As a leader in the responsible transformation of the country’s energy supply, Vistra has made significant progress towards its 2030 and 2050 targets. The company has committed to a 60% reduction of Scope 1 and 2 greenhouse gas emissions by 2030, as compared to our 2010 baseline, and net-zero carbon emissions by 2050, assuming necessary technological advancements and public policy incentives are achieved. Learn more about our environmental, social, and governance efforts and read the company’s sustainability report at https://vistracorp.com/sustainability/. Vistra’s hardworking team is committed to its purpose, “lighting up lives, powering a better way forward” and is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about how Vistra is powering a better way forward at vistracorp.com. Come join us and be part of something special! Click here to learn more about Vistra. It is the policy of the Company to comply with all employment laws and to afford equal employment opportunity to individuals in all aspects of employment, including in selection for job opportunities, without regard to race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, disability, genetic information, military service, protected veteran status, or any other consideration protected by federal, state or local laws. If you are an individual with a disability and need assistance submitting an application or would like to request an accommodation, please email us at [email protected] to make a request.

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