Junior Power Optimization Analyst (Short-Term Markets)

TotalEnergies Gas & Power Limited Sucursal Madrid; Spain; On-site; EUR 42,000 - 65,000; Full time

Job summary

TotalEnergies Gas & Power Limited Sucursal Madrid is seeking a Short-Term Power Optimizer to develop and maintain quantitative models for optimizing and pricing short-term power assets across the South Europe portfolio. You will work with cross-functional teams to translate market and asset insights into value creation opportunities.

The role emphasizes backtesting, performance monitoring, and continuous improvement, with close collaboration across trading, operations and research teams.

Qualifications

• Higher education degree in engineering, mathematics, data science or equivalent quantitative field.
• Strong quantitative and analytical skills.
• Knowledge of Day-Ahead, Intraday, balancing and ancillary services markets.
• Understanding of European energy and power market structures.
• Experience with optimization, quantitative modelling and/or trading is a plus.
• Strong programming skills, particularly Python and SQL.
• Project management and IT skills are a plus.
• Fluent Spanish and English. French is a plus.

Responsibilities

• Oversee short-term optimization across bidding, arbitrage and asset optimization strategies.
• Review optimization of assets including CCGTs, BESS, renewables and portfolio positions.
• Backtest optimization strategies and monitor performance for continuous improvement.
• Develop and maintain quantitative models for optimization review and pricing support.
• Backtest and review systematic and algo-trading strategies.
• Coordinate with traders, operations and modelling teams to translate results into actions.

Skills

Quantitative skills

Analytical skills

European power markets knowledge

Optimization modelling

Languages: Spanish & English

Education

Engineering/Mathematics/Data Science degree

Tools

Python

SQL

Job description

TotalEnergies Gas & Power Limited Sucursal Madrid is seeking a Short-Term Power Optimizer to develop and maintain quantitative models for optimizing and pricing short-term power assets across the South Europe portfolio. You will work with cross-functional teams to translate market and asset insights into value creation opportunities.

The role emphasizes backtesting, performance monitoring, and continuous improvement, with close collaboration across trading, operations and research teams.