Energy Trader

Meralco PowerGen (MGEN); Pasig; On-site; PHP 1,200,000 - 2,400,000; Full time

Job summary

Meralco PowerGen (MGEN) seeks an analytical Energy Trader to oversee 24/7 market trading, ensure platform compliance, and optimize energy transactions. You will leverage data-driven analysis and tools to evaluate market trends and maximize profitability.

Responsibilities include real-time trading across platforms, regulatory adherence to WESM/ERC rules, and developing models for risk and forecast accuracy. Collaboration with internal teams and external partners will be essential.

Qualifications

• Bachelor’s degree in Engineering, Mathematics, Economics, or related field.
• Professional Engineering licensure (or equivalent for non-PRC regulated professions).

Responsibilities

• Manage real-time market inputs and submissions across multiple trading platforms.
• Coordinate with internal teams (Plant Operations, TSD, FMD) and external entities to optimize dispatch and operations.
• Monitor market conditions, price movements, and competitor activity to inform trading decisions.
• Develop and refine trading models, forecasts, and risk assessment methodologies.

Skills

Market operations

Trading analytics

Regulatory compliance

Data-driven analysis

Stakeholder management

Strong communication

Education

Bachelor's degree in Engineering, Mathematics, Economics, or related field

Tools

PLEXOS

I-Pool

PSSE

R

Python

MATLAB

Job description

We are seeking a highly analytical and detail-oriented Energy Trader to oversee 24/7 market trading operations, ensure compliance with trading platforms, and optimize energy transactions. The ideal candidate will have a deep understanding of the Wholesale Electricity Spot Market (WESM), ancillary services, and regulatory compliance while leveraging data-driven analysis and technical tools to evaluate market trends and maximize trading performance.

Key Responsibilities:

Market Operations & Trading Execution

• Manage real-time market inputs and submissions across multiple trading platforms, including NMMS, NGCP AS Web System, CPEMS, CRSS, and PREM.
• Coordinate with internal teams (Plant Operations, TSD, FMD) and external entities (IEMOP, NGCP, and other trading counterparts) to optimize plant dispatch and operations.
• Monitor and analyze market conditions, price movements, and competitor activities to inform trading decisions.
• Implement real-time trading strategies to optimize portfolio performance and ensure profitability.

Regulatory Compliance & Risk Management

• Ensure compliance with WESM rules, ERC regulations, and market operations protocols.
• Prepare justifications and documentation for submission to WESM Enforcement Officers and Compliance Officers.
• Ensure conformance to Power Supply Agreements, Retail Electricity Supply Contracts, and Ancillary Services Procurement Agreements.

Market Evaluation & Strategy Development

• Conduct data-driven market analysis to identify opportunities for optimizing energy trading and ancillary services.
• Monitor and evaluate competitor bids, WESM energy prices, and reserve market trends.
• Develop and refine trading models, forecasts, and risk assessment methodologies.

Commercial Operations & Emerging Technologies

• Assess the technical and financial performance of conventional and renewable energy assets, including coal, diesel, solar, wind, and battery storage technologies.
• Support the integration of new energy technologies into the trading portfolio.

Qualifications & Experience:

• Bachelor’s degree in Engineering, Mathematics, Economics, or related fields.
• Professional Engineering licensure (or equivalent certification for non-PRC regulated professions).
• Minimum of 5 years’ experience in energy trading, trading analytics, or market operations.
• Strong knowledge of the Philippine electricity market, WESM Rules, ERC regulations, and retail competition frameworks.
• Hands-on experience with energy management systems and trading platforms.
• Proficiency in technical and commercial modeling tools (e.g., PLEXOS, I-Pool, PSSE, R, Python, MATLAB).
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication and stakeholder management abilities.