Congestion Trader

Description

• Collaborate with trading teams to run ad-hoc sensitivity cases.
• Produce nodal LMP forecasts across multiple ISOs for short-term and long-term trade execution.
• Perform quantitative analyses and econometric studies of energy markets and translate wholesale market changes into strategic opportunities.
• Validate and analyze congestion models for accuracy and completeness.
• Manage/mine large data sets to identify, price and execute trading opportunities that mitigate basis risk and enhance/protect expected revenue.
• In collaboration with the Transmission group and Manager of Congestion and Trading Analytics, maintain, execute, and calibrate power flow optimization models (e.g. YES, Powerworld, Dayzer) needed to execute trading strategies.
• Develop, update, and participate in the execution of the LRE Congestion Plan.
• Provide daily analysis of market congestion set-up to inform/execute daily virtual trades and PTP transactions.
• Contribute to LRE’s research and innovation activities supporting development of new techniques and/or analytical tools, enhancing LRE’s transactional capabilities.
• Establish and maintain working relationships with internal and external contacts that support the development of data driving the LRE models.

Requirements

• Research, model, and price congestion fundamentals (sources and sinks) in multiple ISOs.
• Position will require sitting for long periods of time as well as occasionally lifting up to twenty-pound boxes.
• Can run, scope and interpret power flow models such as Pro-Mod, Power World and/or others.
• Must hold bachelor’s degree in STEM or a business discipline.
• Critical thinker with a strong analytical skills capable of identifying and executing risk mitigating and revenue enhancing strategies.
• Ability to lead congestion products auction participation and execute trades in the daily markets.
• Experience with transmission modeling, virtual trading and FTR auctions across multiple ISOs, PJM, ERCOT and CAISO preferred.
• 3 to 5 years’ experience on a FTR desk, congestion, or energy market analysis team.
• Strong understanding of transmission systems, drivers of nodal pricing changes and associated power flows.
• Experience with transmission modeling tools (Dayzer, YES, etc.)
• Knowledge of wholesale markets power markets and general ISO operations
• This position will travel 10% of time.
• Proficient with Excel and Word
• Experience working within SQL and database structures preferred.
• Tableau or Power BI skills preferred.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance