Day-Ahead Power Trader: Optimize US ISO Markets

RWE; Chicago (IL); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Discretionary bonus

Relocation package

Job summary

RWE Supply & Trading Americas, LLC in Chicago seeks a Day Ahead Trader to join our growing Short-Term asset optimization team. You will execute trading strategies across US power markets and support the optimization of day-ahead revenues for our assets.

The role requires a mathematics/economics background, experience in energy trading, and fluency with market models, Yes Energy tools, SQL, and Python. You will collaborate with a diverse team and may cover weekends or holidays as needed.

Qualifications

• University degree in Mathematics, Economics, (Electrical) Engineering or related field.
• Experience in energy/gas trading with PJM, ERCOT, MISO, CAISO, ISO-NE or SPP nodal markets.
• Experience with Yes Energy, Dayzer, EMS, ETRM, and bid-to-bill software.
• Understanding of commercial optimization of wind and solar energy facilities, electric transmission, thermal generation, gas transportation, along with forecasting methods.
• Demonstrate a self-confident natural behavior and be comfortable to handle uncertain market situations.
• Excellent analytical mindset, striving for optimization and performance.
• Strong team player & excellent communicator with a high degree of personal commitment, motivation and the ability to work independently
• Proven capability to handle multiple tasks effectively in high-pressure situations.
• Reliability and accountability in meeting deadlines.
• Proficiency in SQL and Python is highly desirable.

Responsibilities

• Responsible for ISO trades at the HB and Nodal level (PTPs, Incs/Decs, Energy Only Offers, Three-Part Offers, etc)
• Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Day-ahead market
• Apply our fundamental market models to test and derive your trading strategy
• Determine offer and bid prices for the Day-Ahead markets, and occasionally negotiate the sale or purchase of power to enhance profitability and resource utilization
• Maximize the value of generation resources through strategic purchases and sales of energy while adhering to the company’s overall strategies and established parameters.
• Monitor the dispatch of generating assets and provide necessary assistance
• Build and maintain collaborative relationships with our fundamental market experts and various other experts across the group
• Build-up performance dashboards and automate workflows to streamline our daily trading routine
• Possibility of weekend and holiday coverage.

Skills

Energy trading experience

Yes Energy Dayzer EMS ETRM

SQL

Python

Analytical mindset

Team player/communication

Risk assessment

Multi-tasking

Reliability & accountability

Market uncertainty handling

Education

University degree in Mathematics/Economics/Electrical Engineering

Tools

Yes Energy

Dayzer

EMS

ETRM

Job description

RWE Supply & Trading Americas, LLC in Chicago seeks a Day Ahead Trader to join our growing Short-Term asset optimization team. You will execute trading strategies across US power markets and support the optimization of day-ahead revenues for our assets.

The role requires a mathematics/economics background, experience in energy trading, and fluency with market models, Yes Energy tools, SQL, and Python. You will collaborate with a diverse team and may cover weekends or holidays as needed.