Power Congestion Trader

Power Congestion Trader•Houston, TX

5d•Onsite

About The Position

The Power Congestion Trader is responsible for managing the trading of electricity, focusing on power market congestion and transmission constraints. This role requires a deep understanding of energy markets, transmission systems, and the ability to make real-time trading decisions to optimize the flow of electricity. The trader will work closely with other departments, including risk management, operations, and financial analysis, to monitor and capitalize on market opportunities, mitigate risks, and maximize profit from power congestion.

Requirements

Expertise in power market dynamics, including day-ahead, real-time, and forward markets.
Strong analytical skills, with the ability to process and interpret complex market data.
Proficiency in trading systems and tools (e.g., Dayzer, Powerworld)
Understanding of market regulations and compliance requirements.
Bachelor's degree in finance, Economics, Engineering, or a related field.
Proven experience (typically 3-5 years) in power trading industry, particularly with a focus on congestion management and transmission constraints.
Strong understanding of power markets, electricity pricing, and the factors influencing congestion.
Experience with trading platforms and financial modeling tools used in energy markets.
Fluent verbal and written skills in English.
Must have a valid DL.

Nice To Haves

Excellent decision-making skills in a fast-paced, high-pressure environment.
Strong communication skills, both written and verbal, with the ability to present complex ideas to stakeholders.
High attention to detail and the ability to manage multiple tasks simultaneously.
Proficiency with programming languages (e.g., Python, SQL) for data analysis and modeling is a plus.
Familiarity with transmission system operations, power flow modeling, and grid reliability standards is preferred.
An advanced degree (e.g., MBA, Masters in Energy Economics) is a plus.
Certification or experience with risk management (e.g., FRM, PRM) is an advantage.

Responsibilities

Monitor and analyze transmission congestion patterns and identify trading opportunities in congested areas.
Utilize forecasting models, market data, and real-time information to predict congestion and its impact on electricity prices.
Conduct in-depth analysis of market conditions, regulatory changes, and system dynamics to assess the impact of congestion on power markets.
Develop and implement trading strategies to take advantage of price discrepancies due to congestion.
Execute trades in day-ahead and real-time markets to capitalize on congestion opportunities and mitigate associated risks.
Manage and monitor trading positions across various market segments, including day-ahead, real-time, and forward markets.
Collaborate with other traders, analysts, and operational teams to share insights and refine trading strategies.
Provide timely reports on trading activities, market conditions, and profit/loss analysis.