ERCOT Power & Gas Trader
About The Position
The ERCOT Power & Gas Trader is responsible for creating, managing, and executing power and gas trading strategies in the ERCOT region. The role supports SmartestEnergy’s business plan and profitability by achieving relevant profit targets while operating within risk limits and maintaining a high standard of conduct. It also helps ensure internal and external customers receive competitive pricing and outstanding service, and oversees hedging and management of market-price risk associated with the company’s retail customer business. The Trader has access to the Wholesale Analytics function for support with trading strategies, ETRM trade entry, and market information. The position reports to the Head of Trading in the Wholesale Group and is based at SmartestEnergy’s Houston office. The role follows a hybrid arrangement, with at least three days per week in the office.
Requirements
- Minimum of 3–5 years in U.S. energy or commodity markets as a Trader conducting bilateral transactions in ERCOT, or in a similar role.
- Thorough knowledge of ERCOT power market fundamentals.
- Fluency in technical analysis.
- Deep understanding of commodity market participants and their purchase and sales requirements.
- Demonstrated ability to understand the needs of Originators, Retail Sales Teams, and customers.
- Highly numerate and quick-thinking.
- Good judgment in high-pressure, fast-paced, high-value situations.
- Robust integrity of conduct.
- Ability to influence, collaborate, and prioritize effectively.
- Ability to see the broader implications of deals involving multiple stakeholders.
Nice To Haves
- Additional experience in broader commodity retail, trading analytics, or market risk.
Responsibilities
- Hedge the Retail Customer Hedge Book within the tolerances of the company risk framework.
- Operate within and comply with risk limits, credit and collateral use policies, and trading control procedures.
- Achieve annual Trading P&L targets for customer hedging profitability and proprietary trading.
- Specify and contribute to the development of Trading Analytics tools and reports.
- Develop ERCOT bid, mid, and offer wholesale marks.
- Issue retail commodity offer curves and ad hoc power plant offtake prices.
- Develop and maintain key relationships with market participants to support trading activities.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
