Power & Gas Trader

Alpiq; Vaud; Hybrid; CHF 180,000 - 240,000; Full time

Job summary

Alpiq is seeking a permanent, hybrid trading role in Lausanne focused on European power and gas markets. You will analyze markets, identify opportunities, and manage risk within defined limits to maximize portfolio value.

You will work with an experienced team across Europe, shaping market views into actionable trading strategies while supporting optimization of physical assets. We value trust, curiosity, and respect, and foster an inclusive environment where energy matters.

Qualifications

• 5+ years trading short-term European power and gas markets.
• Strong understanding of European power market fundamentals.
• Proven risk-taking mindset with disciplined risk management.
• Knowledge of financial options and derivatives.
• Experience trading or optimizing physical assets is an advantage.

Responsibilities

• Analyze drivers of European power markets: supply/demand, weather, fuel, carbon, renewables, outages, cross-border flows.
• Identify and execute trading opportunities across short-term European power and gas markets.
• Take and actively manage proprietary risk positions within limits.
• Support optimization and value creation of physical generation assets and portfolios.
• Develop market views and translate into trading strategies.
• Monitor and assess optionality in assets and market structures.
• Contribute to AI-enabled trading tools and data-driven decision processes.

Skills

Trading experience

Risk management

Options & derivatives

Quantitative analysis

Market fundamentals

Job description

Role type: Permanent | Location: Lausanne| Model: Hybrid | Level of travels: n/a

Are you looking to make an impact in the energy sector? Become part of Alpiq - your energy matters!

Alpiq is one of Switzerland’s leading electricity producers and a key energy services provider across Europe. Headquartered in Lausanne and powered by a strong portfolio of hydropower, nuclear, and renewable energy sources, we’re all about impact, for the climate, for people, and for the security of supply.

More than 1,300 colleagues from nearly 60 nationalities bring their energy to a shared purpose: Together for a better climate and an improved security of supply.

We work in a values-driven culture shaped by trust, curiosity, and respect. Our 4 company values have been co-created with our employees and are embedded in everything we do as a company:

“We are ALP1Q “- reflects our team spirit

“We learn and grow together” - we have courage

“We share the steering wheel” - we take ownership

“We focus on the outcome” - your impact matters

At Alpiq, your energy matters!

Mission

Support the optimization and trading of Alpiq's thermal asset portfolio across European short-term energy markets. The role combines market analysis, risk taking, and execution of trading strategies to maximize portfolio value while operating within defined risk limits.

Your main responsibilities

• Analyze fundamental drivers of European power markets, including supply/demand balances, weather, fuel and carbon prices, renewable generation, outages, and cross-border flows.
• Identify and execute trading opportunities across short-term European power and gas markets.
• Take and actively manage proprietary risk positions within assigned limits.
• Support the optimization and value creation of physical generation assets and portfolios.
• Develop market views and translate them into actionable trading strategies.
• Monitor and assess optionality embedded in assets and market structures.
• Contribute to the development of AI-enabled trading tools, data-driven decision processes, and systematic trading capabilities.

Your profile

• Minimum 5 years of experience trading short-term European power and gas markets
• Strong understanding of European power market fundamentals and the ability to convert market views into trading decisions.
• Proven risk-taking mindset combined with disciplined risk management.
• Good understanding of financial options, derivatives, and optionality concepts.
• Experience trading or optimizing physical assets is a strong advantage.
• Strong analytical and quantitative skills.

What Success Looks Like

• Consistently generates and executes profitable trading ideas based on fundamental market analysis.
• Demonstrates sound judgment in taking and managing risk.
• Develops a strong understanding of asset-backed trading and portfolio optionality.
• Becomes a trusted contributor to the Asset Trading desk's performance and decision-making.

At Alpiq, we are committed to creating an inclusive work environment, where everyone can bring their ‘whole selves’ to work and feel valued, respected, and heard. This principle is central to our company’s purpose, values, and leadership approach. We strongly believe that organizations thrive through the inclusion of diversity. Everyone’s energy matters regardless of characteristics, such as age, gender, nationality, language, sexual orientation and identity, religion, social or ethnic background or any other personal traits.

Data protection

At Alpiq, data privacy is an important topic. Please therefore take note of the corresponding Privacy Notice that appears in the online application form and explains in detail the purpose for which we process your personal data. It is of great concern to us to inform you as transparently as possible and process your data only in a fair manner.