Shift Energy Trader

Flexitricity Limited; City of Edinburgh; Hybrid; GBP 85,000 - 105,000; Full time

Benefits offered by this job

Hybrid working

Company benefits

Job summary

Flexitricity Limited, based in the UK, is seeking a Shift Energy Trader to join the Trading team and optimise a portfolio of flexible assets across wholesale markets, balancing mechanisms and balancing services. The role reports to the Head of Trading and operates in a 24/7 shift pattern with nights, weekends, and bank holidays.

You will maximise P&L, reoptimise open positions, and trade power and gas exposures, while upholding market integrity and governance.

Qualifications

• Degree (or equivalent), preferably in a related subject, or can show demonstrable experience.

Responsibilities

• Maximise P&L through optimisation and dispatch of all flexible assets traded by Flexitricity.
• Proactively seek to reoptimise open positions, driving increased value capture.
• Trade power and gas exposures on the relevant exchanges and/or via trading partners.
• Uphold integrity of the markets, comply with internal and external policies, and regulations
• Regular assessment of market fundamentals feeding into the optimisation strategies and for external customers.
• User acceptance testing (UAT) of new systems being deployed on the trading desk.
• Ensure accurate trade allocation and scheduling of assets; and
• Challenge the status quo, encourage continuous development to increase profitability.

Skills

Power & Gas trading

Market analytics

Energy market risk

Asset optimisation

Governance & compliance

IT literacy

24/7 shift pattern

Education

Degree (or equivalent)

Job description

Flexitricity operates within the highly regulated GB energy markets, delivering flexible electricity capacity at optimised prices to the National Energy System Operator (NESO), distribution networks, and other market participants. We also supply gas and power to a broad range of Energy Partners. Our core objective is to maximise returns for our partners by leveraging the flexible capacity they have available at any given time through our route-to-market service.

Supported and owned by Drax Group PLC, Flexitricity plays a key role in the renewable revolution as we strive toward net zero. Through our ability to stack value across wholesale markets and short-notice response and reserve services, we provide cost effectiveness to consumers, which is cheaper and greener than conventional power stations.

The continued success and scale ambitions of the company, widening market access and new services have created the requirement for a Shift Energy Trader to join our team. Working within our existing Trading team and reporting to the Head of Trading, you will provide tangible contribution to Flexitricity’s objective to be a market leading optimisation service, optimising a variety of assets in the wholesale markets, balancing mechanism, and balancing services.

The Trading team operates in a pressurised environment, seeking to find a balance between the optimisation of assets across all UK markets and internal and external governance structures. The team works on a rotating shift pattern providing trading cover seven days a week, 365 days a year.

Key Responsibilities

Core duties will include:

• Maximise P&L through optimisation and dispatch of all flexible assets traded by Flexitricity. These include a mixture of gas peakers, batteries, CHP and Industrial & Commercial sites, and will grow to include other asset classes in the future.
• Proactively seek to reoptimise open positions, driving increased value capture.
• Trade power and gas exposures on the relevant exchanges and / or via trading partners.
• Uphold integrity of the markets, comply with internal and external policies, and regulations
• Regular assessment of market fundamentals feeding into the optimisation strategies and for external customers.
• User acceptance testing (UAT) of new systems being deployed on the trading desk.
• Ensure accurate trade allocation and scheduling of assets; and
• Challenge the status quo, encourage continuous development to increase profitability.

Skills/Qualifications

Degree (or equivalent), preferably in a related subject, or can show demonstrable experience.

Key Skills & Attributes

This role requires:

• Demonstrable experience gained in UK energy markets in any of the following areas:
• Power or Gas operations or trading.
• Spot and curve wholesale market trading covering power, gas, or renewables.
• Trade Analytics, Market Analysis, Energy Market Risk or Regulations; and
• Optimisation of different asset types across all markets.
• A broad understanding of wholesale energy market drivers and various markets that distributed generation assets typically participate in.
• Robust understanding of wholesale market risk.
• Fundamental respect for internal and external governance.
• High level of IT literacy; and
• Willingness to work in a 24/7 shift rota including nights, weekends, and bank holidays.

We are committed to rewarding initiative and excellence. We offer a competitive salary and company benefits. You can expect challenge, personal development and autonomy in creating value in our dynamic industry leading business.

The current business provides the platform for exceptional growth and the launch of new services in
high-growth emerging sectors.

The Company is in a development and growth phase and relies on the flexibility and innovative skills of its employees to ensure success. The work environment will reflect this dynamic period while maintaining high corporate standards.

• Highly professional; respected industry leaders.
• Flexible and informal.
• Fun, but hard working and focused.
• Flexitricity supports hybrid working.