Non Energy Optimization Specialist

BP PLC; Houston (TX); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Travel up to 10%

Job summary

bp invites a Non-Energy Optimization Specialist to Houston, focusing on portfolio management for retail electricity and profitability analysis. You will hedge, optimize, and model exposures across RA, MTR, and capacity, while supporting regulatory filings and pricing teams.

You will leverage Excel VBA, SQL, and possibly Python to drive analytics, risk assessment, and decision support in a collaborative, multi-disciplinary environment.

Qualifications

• Bachelor degree in a quantitative field such as math, statistics, economics, quantitative finance or engineering.
• Mid-level experience in an analytical or commercially focused role.
• Retail supply experience or similar commercial experience required.
• Working knowledge of CAISO RA & MTR regulatory landscape preferred.
• Strong knowledge of ISO markets (CAISO, PJM, NYISO).
• Excel VBA and SQL proficiency; Python preferred.
• Analytical skills for risk assessment.
• Experience with ETRM systems preferred.
• Team-oriented with cross-functional collaboration.
• Proficient in collecting, querying, visualizing and analyzing data.

Responsibilities

• Manage retail portfolio of power products (RA, MTR, capacity) and related trades.
• Transact bilaterally and on exchange to hedge and optimize portfolio.
• Handle regulatory filings for CAISO RA & MTR.
• Maintain non-energy curves (congestion, capacity, RA).
• Provide market information to pricing teams and customers.
• Develop models for optimization and risk hedging strategies.
• Record non-energy trades in ETRM; support load forecasting exposure reporting.
• Explain variances during actualization and ensure regulatory compliance.

Skills

Excel VBA

SQL

Python

Analytical thinking

Trading knowledge

Regulatory knowledge

Education

Bachelor's degree in quantitative field

Tools

ETRM systems

Job description

## Non Energy Optimization SpecialistApply: This position is a hybrid of office/remote working: United States of America - Texas - Houston: Full time: Posted 2 Days Ago: End Date: October 6, 2026 (15 days left to apply): RQ115978**Entity:**Supply, Trading & Shipping**Job Family Group:**Supply & Trading Group**Job Description:**## About BPOur purpose is to bring together people, energy and markets to power and navigate a changing world.In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too!## About the roleThe Non-Energy Optimization Specialist will participate in the portfolio management and profitability analysis of the Commercial & Industrial retail electricity portfolio. This individual’s primary responsibilities will be to manage the retail portfolios positions in RA, MTR & Capacity.## Key Responsibilities* Manage retail portfolio of power related products including, but not limited to, RA, MTR, capacity, CRRs and any future traded ancillary products* Transact bilaterally and on exchange in approved products to hedge and optimize retail portfolio* Manage regulatory filings for CAISO RA & MTR* Maintain all traded non-energy curves including congestion, capacity and RA related products* Support Optimization team by maintaining and providing transactable prices for approved tradable products as well as provide market information to the retail pricing functions, salespersons and customers* Build and support models for optimization analysis, managing risk exposure and hedging strategies for retail portfolio* Book non-energy trades consisting of a variety of standard and non-standard products in the ETRM* Support the retail load forecasting process by further developing associated exposure reporting and stress testing to advance the needs of the retail supply traders* Lead variance explanations during actualization process for assigned markets and products* Understand and comply with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory bodies or exchanges* Work with internal teams to ensure accurate customer invoicing for responsible products* Support sales in customer meetings as subject matter expert on market liquidity, regulatory changes and rest mitigation strategies* Additional tasks as needed based on desk resourcing## Essential Education, experience and requirements* Bachelor degree required in a quantitative field such as math, statistics, economics, quantitative finance or engineering* Mid-level experience in an analytical or commercially focused role* Retail supply experience or similar commercial experience required* Working knowledge of CAISO RA & MTR regulatory landscape preferred* Strong working knowledge of ISO markets, the electric power grid and marketplace, specifically in the CAISO, PJM, or NYISO regions* High level of proficiency in Excel VBA and SQL required, python highly preferred* Analytical skills required for risk assessment* Experience with ETRM systems preferred* Strong individual contributor with consultative style and aptitude for collaboration and teamwork* Skilled at working across multi-disciplinary functions and departments* Proficient in collecting, querying, visualizing, organizing and analyzing complex data, evaluating information and drawing logical conclusions* Strong organizational skills, attention to detail and ability to adhere to regulatory mandated timelines## Why Join bpAt bp, we believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life, including a generous paid parental leave policy and excellent retirement benefits, among others!We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.**Travel Requirement**Up to 10% travel should be expected with this role**Relocation Assistance:**This role is not eligible for relocation**Remote Type:**This position is a hybrid of office/remote working**Skills:**Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Trading knowledge, Writing skills.**Legal Disclaimer:**We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us. If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.**About bp:****Supply, Trading & Shipping**Our purpose is to bring together people, energy and markets to power and navigate a changing world.In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.Join us and help us achieve these goals by:• developing and continuously evolving a globally diversified portfolio that accesses new markets, commodities and commercial opportunities • collaborating with our business groups to provide innovative commercial and marine solutions that add value to bp’s assets and flows • delivering high-quality earnings and creating an organisation that is swift to identify and optimise market insights • navigating a new era of energy for our planet, by sea • acting with respect and integrity at all times, with the people we work with and the markets we operate in • maintaining a comprehensive, rigorous and holistic risk control framework that ensures we operate in a safe, compliant and efficient way at all times • empowering the deep expertise and leadership of our people