Power Congestion Trader
Apply NowCompany: Richard Wayne & Roberts
Location: Houston, TX 77084
Description:
Power Congestion Trader
About the job
Department/Division: Trading & Marketing
Location: Houston, TX
Reports Directly To: VP, Head of Power Trading
FLSA Status: Exempt
Summary
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.
Essential Functions & 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.
Required Skills & Abilities
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.
Desired Skills & Abilities
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.
Education & Experience
Bachelor's degree in finance, Economics, Engineering, or a related field. An advanced degree (e.g., MBA, Master's in Energy Economics) is a plus.
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.
Language Skills
Fluent verbal and written skills in English.
Licenses, Certificates, Registrations
Certification or experience with risk management (e.g., FRM, PRM) is an advantage.
Work Environment & Physical Demands
This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:
Prolonged periods of sitting and may need to routinely move around to communicate with different groups
Occasionally work late to meet with Tokyo office
Must be able to lift up to 15 pounds at times.
Must have a valid DL.
Benefits & Perks
Medical, Dental, Vision benefits
401K and Company Match
Tuition Reimbursement
Generous PTO Policy
Breakroom Snacks / Beverages
About the job
Department/Division: Trading & Marketing
Location: Houston, TX
Reports Directly To: VP, Head of Power Trading
FLSA Status: Exempt
Summary
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.
Essential Functions & 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.
Required Skills & Abilities
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.
Desired Skills & Abilities
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.
Education & Experience
Bachelor's degree in finance, Economics, Engineering, or a related field. An advanced degree (e.g., MBA, Master's in Energy Economics) is a plus.
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.
Language Skills
Fluent verbal and written skills in English.
Licenses, Certificates, Registrations
Certification or experience with risk management (e.g., FRM, PRM) is an advantage.
Work Environment & Physical Demands
This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:
Prolonged periods of sitting and may need to routinely move around to communicate with different groups
Occasionally work late to meet with Tokyo office
Must be able to lift up to 15 pounds at times.
Must have a valid DL.
Benefits & Perks
Medical, Dental, Vision benefits
401K and Company Match
Tuition Reimbursement
Generous PTO Policy
Breakroom Snacks / Beverages