Market Analyst - US Power

TotalEnergies Group; Houston (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

TotalEnergies Gas & Power North America, Inc. seeks a quantitative analyst to develop models analyzing U.S. power markets, focusing on price dynamics, forecasts, and risk management.

You will partner with data scientists and IT to enhance tools and data sources, while delivering market insights to trading desks and leadership. You will contribute to developing cross-commodity market views, collaborate with traders, and present findings to senior management.

Qualifications

• Master’s degree in Economics, Business, Mathematics, Engineering or related quantitative discipline; candidates with bachelor’s degree and equivalent experience may be considered.
• 1–3 years of analytical/quantitative or market-focused experience.
• Strong understanding of U.S. power markets, ERCOT and PJM, including fundamentals, dispatch, and ISO/RTO operations.
• Experience in trading, energy marketing, risk management, or commercial environments.
• Proficiency in Python, SQL, or R, and data visualization tools such as Power BI, Tableau, or similar.

Responsibilities

• Develop and maintain quantitative models to analyze U.S. power market fundamentals and price dynamics.
• Build and enhance forecasting models to support market analysis, pricing, hedging, risk management, and trading decisions.
• Collaborate with data scientists and IT to improve analytical tools, data sources, and processes.
• Serve as SME on U.S. power markets, providing insights, forecasts, and recommendations to trading desks.
• Lead discussions with traders and senior management on market outlooks, risks, and opportunities.
• Prepare and present market reports and analytical insights for trading desks and leadership.

Skills

Quantitative analysis

Financial modeling

Market knowledge

Programming

Data visualization

Education

Master’s degree in Economics, Business, Mathematics or Engineering

Bachelor’s degree + relevant experience

Tools

Python

SQL

R

Power BI

Tableau

Job description

Empresa empleadora TotalEnergies Gas & Power North America, Inc.

Dominio Strategy, Business & Economics

TotalEnergies Gas & Power is the trading arm of TotalEnergies dedicated to low-carbon energies, primarily natural gas, LNG, and power. Operating in rapidly evolving markets, the business must continuously adapt to a complex landscape shaped by both internal and external factors. Trading activities are exposed to uncertainties inherent to energy markets, including price volatility, supply and demand imbalances, and changing market conditions, while also navigating broader industry transformations such as climate policies, the energy transition, and the emergence of new energy technologies. In this dynamic environment, Trading plays a critical role in driving growth, optimizing profitability, and ensuring the resilience of the business, thereby supporting TotalEnergies' ambition to achieve carbon neutrality by 2050.

Key Responsibilities:

• Develop and maintain quantitative models to analyze U.S. power market fundamentals and price dynamics, including generation, demand, weather impacts, and transmission constraints.
• Build and enhance forecasting models to support market analysis, pricing, hedging, risk management, and trading decisions.
• Partner with data scientists and IT teams to improve, automate, and expand analytical tools, data sources, and processes.
• Serve as a subject matter expert on U.S. power markets, providing market insights, forecasts, and recommendations to trading desks.
• Maintain a strong understanding of trading strategies, portfolio exposures, and market drivers to support commercial decision-making.
• Lead discussions with traders and senior management on market outlooks, risks, and opportunities.
• Collaborate with gas analysts, quantitative analysts, and global teams to develop integrated cross-commodity and cross-regional market views.
• Conduct ad hoc analyses, scenario studies, and strategic projects in support of trading, asset optimization, and business development activities.
• Prepare and present market reports, forecasts, and analytical insights for trading desks, senior leadership, headquarters, and other key stakeholders.
• Provide analytical support to corporate functions, including Strategy, Business Development, and Exploration & Production, on power market-related topics.

Job Dimension:

Purpose

Within the Modeling & Analysis for Trading Strategies (MATS) department, the US Power Analysis & Modeling (PAM) team provides critical insights into U.S. power markets by analyzing price drivers, market fundamentals, and evolving market dynamics. The team develops quantitative models and forecasting tools to support the valuation, pricing, hedging, and risk management of complex transactions, products, and assets. This role is instrumental in supporting the commercial optimization and risk management of TotalEnergies Gas & Power's portfolio of physical and financial assets, including CCGTs, renewable generation, and battery energy storage systems (BESS).

Objectives

Operating with a high degree of autonomy, the PAM team delivers market analysis, strategic advice, and quantitative support to trading desks across the organization, as well as to senior leadership, including Executive Committee (COMEX) members. The team plays a key role in informing trading strategies, portfolio optimization decisions, and long-term investment opportunities.

Impact

The successful candidate will collaborate closely with traders, risk managers, and other stakeholders to identify opportunities where advanced power market modeling can create commercial value. This includes supporting market positioning, asset optimization, and the evaluation of new business opportunities. The role requires rigorous quantitative analysis, sound commercial judgment, and the ability to develop innovative solutions to complex and often unique market challenges.

The PAM team works in close partnership with other groups within MATS, fostering a highly collaborative and intellectually stimulating environment centered on knowledge sharing and cross-functional expertise. Key collaborators include gas market analysts, meteorologists, machine learning and AI specialists within TGP, as well as long-term power market analysts and modeling experts from the iPower Business Unit.

Location

Houston, Texas.

Accountabilities:

• Analyze U.S. power market fundamentals to identify key drivers, emerging trends, and factors influencing price formation and market behavior.
• Deliver actionable market intelligence, forecasts, and strategic recommendations to trading desks and senior management to support trading and investment decisions.
• Contribute to the development of a global energy market perspective by enhancing the Company's understanding of cross-commodity and cross-regional market dynamics.
• Collaborate with traders, analysts, and other stakeholders to communicate market views, assess opportunities, and evaluate risks.
• Represent TotalEnergies Gas & Power North America (TGPNA) through market reports, industry forums, conferences, and engagements with counterparties and other market participants.
• Support the promotion of TGPNA's trading activities and market expertise by building and maintaining strong relationships across the energy industry.
• Master’s degree in Economics, Business, Mathematics, Engineering, or a related quantitative discipline. Candidates with a bachelor’s degree and equivalent relevant experience will also be considered.
• Strong quantitative, analytical, and financial modeling capabilities, demonstrated through 1-3 years of experience in an analytical, quantitative, or market-focused role.
• Solid understanding of U.S. power markets, particularly ERCOT and PJM, including power system fundamentals, dispatch optimization, transmission flows, and ISO/RTO operations.
• Prior experience working in a trading, energy marketing, risk management, or commercial environment is required.
• Proficiency in programming and data analysis tools such as Python, SQL, and/or R, along with experience using data visualization platforms such as Power BI, Tableau, or similar tools.
• Self-motivated and highly organized, with the ability to work independently, exercise sound judgment, and develop innovative solutions to complex business challenges.
• Excellent communication and presentation skills, with the ability to translate complex technical or market concepts into clear, concise, and actionable insights for diverse stakeholders.

What We Offer

TotalEnergies celebrates diversity and is committed to Equal Employment Opportunity:

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, protected veteran status, disability status or any other category protected under applicable federal, state or local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures.

All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs.

TotalEnergies believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

About the company:

TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). In such context TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.

Our Culture:

We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.

Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success while ensuring safety in all our operations.

We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

Please note: TotalEnergies is unable to sponsor employment visas or consider candidates on time-limited visa status for this position.