Associate, CRR & FTR Trading, Market Optimization & Trading

Clearway Energy; San Diego (CA); Hybrid; USD 140,000 - 160,000; Full time

Benefits offered by this job

Annual cash bonus

Job summary

Clearway Energy seeks an Associate for CRR & FTR Trading within Market Optimization & Trading. You will develop and execute congestion strategies across ERCOT, CAISO, and PJM, analyze market data, and support hedging and portfolio optimization for renewables.

Responsibilities include modeling, reporting, and collaborating with product, risk, and asset management teams. A strong background in power markets and programming is required; a hybrid work model is offered.

Qualifications

• Bachelor’s degree in Engineering, Economics, Finance, or related field.
• 2-5 years of relevant power markets experience.
• Exposure to ERCOT and CAISO CRR auction tools and Dayzer, UPLAN, or similar transmission models.
• Prior experience in energy trading, asset optimization, or market analytics.
• Strong quantitative, analytical, and problem‑solving abilities with clear communication.

Responsibilities

• Support CRR/FTR trading strategies to hedge and optimize portfolio congestion risk.
• Analyze congestion patterns to identify trading opportunities in CRR auctions.
• Assist with nodal price risk management and portfolio hedging decisions.
• Provide congestion insights to Real-Time and Day-Ahead MOT teams.
• Develop dashboards and reporting tools to track CRR positions and P&L attribution.
• Utilize power flow and production cost models to forecast congestion and outages.
• Apply Python, R, SQL, and Power BI to automate congestion analytics and back-testing.

Skills

Analytical thinking

Modeling

Risk management

Communication

Problem solving

Education

Bachelor’s degree in Engineering, Economics, Finance, or related field

Tools

Dayzer

PROMOD

Python

R

SQL

Power BI

Job description

Associate, CRR & FTR Trading, Market Optimization & Trading

What The Role Is

Reporting to the Senior Manager, Market Optimization & Trading, the Associate, CRR & FTR Trading supports the development, execution, and optimization of Clearway’s congestion management strategies through participation in ERCOT and CAISO’s Congestion Revenue Rights (CRR) and Day-Ahead markets and the PJM Financial Transmission Right (FTR). This role focuses on analyzing and monetizing congestion opportunities while supporting management of the company’s nodal risk and basis exposure across its generation portfolio. This role will also contribute to hedging and risk management analysis across other parts of the portfolio. The position requires strong analytical, modeling, and risk management skills, along with a developing trading skill set, to inform commercial decisions and support portfolio optimization within a rapidly expanding renewables platform.

CRR / FTR Trading & Position Management

• Support the development and execution of CRR, FTR, and congestion trading strategies to hedge and optimize portfolio congestion risk across ERCOT, CAISO, and PJM.
• Analyze historical and forecasted congestion patterns to identify trading opportunities in monthly and annual CRR auctions.
• Help manage portfolio-level exposure to nodal price risk through CRR / FTR acquisitions, sales, and virtual positions, under the guidance of senior team members.
• Support the Real-Time and Day-Ahead MOT team with congestion insights and locational pricing forecasts.
• Collaborate with Market Fundamentals, Asset Management, and Origination to support alignment of CRR strategies with commercial hedging and offtake structures.
• Monitor and report on project-level financial performance tied to congestion costs, basis exposure, and hedge efficiency.
• Maintain dashboards and reporting tools to track CRR positions, portfolio exposure, and P&L attribution.

Analytics & Modeling

• Utilize power flow and production cost modeling software (e.g., Dayzer and PROMOD) to help forecast congestion and simulate transmission constraints.
• Coordinate with Fundamentals and Analytics teams to support modeling of nodal prices, transmission outages, and topology changes.
• Leverage programming tools such as Python, R, SQL, and Power BI to automate congestion analytics and support scenario back-testing.
• Research regulatory filings, transmission plans, and outage schedules to anticipate market shifts.

Market Fundamentals

• Analyze ERCOT, PJM, and CAISO’s transmission topology, load growth, and renewable generation trends.
• Monitor weather, outage, and project interconnection developments that impact congestion patterns.
• Communicate congestion forecasts and market insights to internal stakeholders, including trading desks and, with guidance, senior management.
• Support the development of portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices.
• Review forward market price volatility curves and correlation assumptions used in stochastic risk modeling.
• Assist with trading strategy performance benchmarking and the establishment of risk limits.
• Apply portfolio optimization techniques to inform hedge strategy decisions while balancing the risk-adjusted revenue of Clearway’s renewable assets. Hedging strategies include DART optimization, CRR/FTRs, term hedge, and PPA transactions. Perform daily and weekly portfolio assessments to help identify opportunities to maximize portfolio profit and identify risks.

Governance, Compliance & Risk

• Help ensure CRR/FTR trading activities comply with corporate and project-level risk policies, market rules, and Market protocols. Work closely with Risk, Accounting, and Settlements to reconcile positions, P&L, and collateral management.
• Maintain compliance documentation and participate in periodic audits.
• Partner with Market Fundamentals, Origination, Development, and Asset Management teams to provide CRR/FTR and congestion analysis for project siting and contracting decisions.
• Provide market intelligence and analytical support for due diligence on M&A transactions, new developments, and repower evaluations.

What You'll Bring

• Bachelor’s degree in Engineering, Economics, Finance, or related field.
• 2-5 years of relevant experience, with at least 2+ years directly in power markets.
• Exposure to ERCOT and CAISO CRR auction tools and to Dayzer, UPLAN, or similar transmission models.
• Prior experience in energy trading, asset optimization, or market analytics required.
• Ability to build or contribute to power fundamental models for pricing, load, generation, flow, and outages using various methodologies.
• Working knowledge of ERCOT, CAISO, and PJM market design, CRR/FTR auction processes, transmission planning, and nodal pricing. Dayzer experience is a plus.
• Strong quantitative, analytical, and problem‑solving abilities.
• Clear communication skills to translate technical results into commercial insights.
• Proficiency with Excel, PowerPoint, and Power BI.
• Familiarity with congestion and risk management strategies for renewable and storage assets.
• Working knowledge of predictive modeling using mathematical and statistical methods to identify, analyze, and mitigate energy market risks, with a foundational understanding of option valuation and Greeks.

What Would Be Nice

• Advanced degree preferred
• Proficiency in Python, R, or SQL preferred
• Exposure to quantitative libraries, stochastic calculus, or option models for deal valuation is a plus.
• Familiarity with battery, wind, or solar congestion profiles is a plus.

No visa sponsorship or any kind of sponsorship for employment authorization is available for this role, now or in the future.

#LI-Hybrid

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations

$140,000 - $160,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion

Clearway Energy Group’s vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 2 million homes today.

Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Working at Clearway

Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & Princeton. Our office-based employees work together from our offices on Tuesday, Wednesday & Thursday to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities for our Military & Veterans.

What We Provide

Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.

Notice to Applicants

Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws , ordinances, and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e‑mail to [e-mail] and let us know the nature of your request and your contact information.

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