ERCOT Power & Gas Trader

SmartestEnergy • Houston, TX

3d • Hybrid

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 meeting trading profit targets while operating within applicable risk limits and maintaining high standards of conduct. It also helps ensure internal and external customers receive competitive pricing and outstanding service, and oversees hedging and risk management for market-price exposures associated with the company’s retail business. The role has access to the Wholesale Analytics function for trading strategy support, ETRM trade entry, and market information. It is based at SmartestEnergy’s Houston office under a hybrid arrangement, with at least three days per week in the office. The position reports to the Head of Trading in the Wholesale Group.

Requirements

• At least 3 years of experience 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.
• Strong numeracy and quick thinking.
• Good judgment in high-pressure, fast-paced, high-value situations.
• Robust integrity of conduct.
• Ability to influence effectively, collaborate, and prioritize effectively.
• Ability to see the broader implications of deals involving multiple stakeholders.

Nice To Haves

• Additional experience in the broader commodity retail, trading analytics, or market risk space.

Responsibilities

• Hedge the Retail Customer Hedge Book within the tolerances of the company risk framework.
• Comply with risk limits, credit and collateral use policies, and trading control procedures.
• Achieve annual Trading P&L targets, including customer hedging profitability and proprietary trading P&L.
• 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.
• Create, manage, and execute power and gas trading strategies in the ERCOT region.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed