Global Energy Management Lead - MISO & PJM

EDP Renewables • Houston, TX

4d • Hybrid

About The Position

EDP Renewables is a global leader in the renewable energy sector and currently operates in more than 25 markets. With eight offices and several sites, at EDP Renewables North America, we are experienced developers and operators of renewable energy. Our portfolio includes wind farms, solar parks, energy storage projects, and green hydrogen solutions throughout the continent. We are ranked among the top 5 in the U.S. in operational renewable energy capacity. Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow. Role Overview: 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 MISO & PJM 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, procuring basis hedges, and managing capacity sales through auctions and bilateral agreements. The role requires advanced hands-on experience in MISO & PJM 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 3+ years of experience and proven track record in power scheduling, trading/hedging, basis management, and capacity markets in MISO and PJM.
• 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
• Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environment.
• Reading: Ability to read and write English proficiently. Ability to interpret, deliver, and follow a variety of instructions furnished in written, verbal, diagram, or schedule form.
• Lifting: Ability to lift items weighing up to 10 pounds
• Vision/Hearing: Ability to interpret and follow a variety of instructions furnished in written, verbal, diagram, or schedule form.
• Speech: Ability to interpret, deliver, and follow a variety of instructions furnished in written, oral, diagram, or schedule form; fluent English verbal and written communication skills
• Safety: Ability to understand and communicate safety precautions when necessary

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 MISO and PJM.
• Develop and manage hedging strategies for spot electricity prices, basis, and capacity, ensuring effective management of EDP risks and positions within the power markets.
• Responsible for day-ahead scheduling activities, power hedges execution, basis hedges procurement (FTRs/CRRs/TCRs), and capacity sales (auctions and bilateral).
• 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.

Benefits

• Empower our employees through a positive and innovative work environment that promotes collaboration and agile decision-making
• Respect and value each person, providing a flexible, healthy, and inclusive workplace with a range of attractive benefits
• Provide a meaningful work experience and prepare our people for future challenges through different opportunities for development and internal mobility

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees