Global Energy Management Lead - ERCOT and SPP

EDP Energias de Portugal S.A.•Houston, TX

8d•Hybrid

About The Position

The Global Energy Management team at EDP Renewables North America is seeking a highly motivated professional to lead short- and medium-term asset optimization for its ERCOT and SPP growing portfolio of renewable assets. You will develop and implement power scheduling and hedging strategies to maximize the value of EDPR NA merchant position in the wholesale electricity markets while adhering to risk policies and regulatory requirements. Responsibilities include day-ahead scheduling, executing power hedges, and procuring basis hedges. The role requires advanced hands-on experience in ERCOT and SPP power market dynamics, hedging and trading strategies, alongside the demonstrated ability to leverage data analytics to enhance performance and deliver profitable results, when compared to passive scheduling and hedging strategies.

Requirements

Bachelor’s degree in Economics, Finance, Mathematics, Engineering or other STEM fields; Graduate studies are a plus.
Minimum 6+ years of experience and proven track record in power scheduling, trading/hedging, and basis management in ERCOT and SPP.
Hands-on experience structuring and negotiating short-term off-take agreements for wholesale power and related products.
Knowledge of North America power markets related commercial software/applications (e.g. YES Energy, Enverus, Genscape).
Excellent Analytical Problem Solving and Strong Communication skills
Proficient knowledge of Microsoft Office software, particularly Excel. Understanding of complementing products preferred (e.g. power BI).
Ability to manage multiple projects under tight deadlines in fast paced environment.
Curious and eager to learn, genuinely kind and optimistic, possess excellent attention to detail, and strong verbal & written communication skills.
Ability to work in a collaborative environment where teamwork and independent work ethic are essential.
Ability to organize time well, set priorities, and express ideas effectively and fluently.
Excellent organizational skills including the ability to organize and maintain a fluid administrative process
Statistical and analytical skills for evaluating supplier proposals and pricing
Excellent written and verbal communication and presentation skills
Prove ability to quickly learn new software programs
Excellent time-management skills
Demonstrated efficiency in managing multi-disciplinary tasks
Exemplary standards of integrity, honor, safety, management, ethics, quality, and productivity
Exhibit behaviors consistent with strong leadership and accountability

Nice To Haves

Graduate studies are a plus.

Responsibilities

Develop and implement robust power scheduling and trading strategies aimed at optimizing EDP portfolio of renewable assets within NA wholesale power markets, specifically in ERCOT and SPP.
Develop and manage hedging strategies for wholesale electricity prices and locational basis, ensuring effective management of EDP risks and positions within the power markets.
Responsible for day-ahead scheduling activities, power hedges execution, and basis hedges procurement (CRRs/TCRs).
Optimize EDP’s merchant portfolio, ensuring alignment with company’s Energy Management goals.
Develop and implement prop trading strategies including virtuals, power futures, and FTRs.
Monitor and analyze power market trends, regulatory changes, and other factors affecting prices and risk, recommending strategies to maximize the portfolio value.
Work closely with risk and compliance teams to ensure proper monitoring of exposure, compliance with internal risk policies, and adherence to regulatory and legal requirements in the power markets.
Monitor and report on the performance of the company’s portfolio and related books, including prop trading.
Leverage data analytics and technology to enhance trading performance and streamline operations.
Support the structuring and execution of short-medium term Power Purchase Agreements.
Foster collaboration with internal departments (e.g., Risk, Asset Operations) and maintain relationships with external stakeholders (e.g., market participants, ISOs/RTOs).
Work as part of a team, participating in special projects/duties as assigned by team leader.