ERCOT Trader
My client a leading asset manager in NYC is currently seeking an ERCOT Trader to join their team. This is a hybrid role based in NY.
Responsibilities:
- Apply quantitative analysis to interpret market dynamics and support data-driven decision-making, using inputs such as weather forecasts, ISO data, asset-specific information, and PPA terms.
- Manage volumetric, congestion, and DART exposures through instruments like outright power, CRRs/PTPs, virtuals, and options.
- Co-develop tools and integrated systems that support trading operations-such as stack models, bidding platforms, and performance dashboards.
- Monitor and analyze market fundamentals, trends, and regulatory developments to stay ahead of evolving conditions.
- Collaborate with operations teams to exchange real-time asset insights and provide market intelligence that informs operational decisions (e.g., maintenance planning, LD forecasting).
- Present hedge strategies and performance outcomes to executive committees and cross-functional teams, including finance, operations, legal, and asset management.
- Align with trading teams across the organization to share insights and maintain a cohesive market perspective.
Requirements:
- Have a solid understanding of ERCOT market design and operations-or comparable experience in another U.S. competitive wholesale power market.
- Bring hands-on experience trading in power markets, particularly with short- to medium-term products like dailies, weeklies, virtuals, and congestion rights.
- Are skilled in quantitative analysis and can apply those skills effectively in a market context.
- Are passionate about the energy sector, especially renewable technologies such as wind, solar, and energy storage.
- Stay informed on market trends, fundamentals, and regulatory changes (e.g., RTC+B in ERCOT), and can assess their impact on market conditions.
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