Power Congestion Trader

Systems Unlimited, Inc.; Georgia; On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

401K and Company Match

Tuition Reimbursement

Generous PTO Policy

Job summary

A leading energy company is seeking a Power Congestion Trader in Houston, TX. This role involves managing electricity trading focused on power market congestion and optimizing electrical flow. Candidates should have a Bachelor's degree and experience in power trading, along with strong analytical skills and proficiency in trading systems. The position offers a dynamic work environment with competitive benefits.

Qualifications

• 3-5 years of experience in the power trading industry.
• Experience with trading platforms and financial modeling tools.

Responsibilities

• Monitor transmission congestion and trading opportunities.
• Utilize forecasting models for market predictions.
• Execute trades in various markets.

Skills

Expertise in power market dynamics

Strong analytical skills

Proficiency in trading systems and tools

Excellent decision-making skills

Strong communication skills

High attention to detail

Proficiency with programming languages

Education

Bachelor's degree in finance, Economics, Engineering

Tools

Dayzer

Powerworld

Job description

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Department/Division: Trading & Marketing

Location: Houston, TX

Reports Directly To: VP, Head of Power Trading

FLSA Status: Exempt

SUMMARY:

The Power Congestion Trader is responsible for managing the trading of electricity, focusing on power market congestion and transmission constraints. This role requires a deep understanding of energy markets, transmission systems, and the ability to make real-time trading decisions to optimize the flow of electricity. The trader will work closely with other departments, including risk management, operations, and financial analysis, to monitor and capitalize on market opportunities, mitigate risks, and maximize profit from power congestion.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES:

• Monitor and analyze transmission congestion patterns and identify trading opportunities in congested areas.
• Utilize forecasting models, market data, and real-time information to predict congestion and its impact on electricity prices.
• Conduct in-depth analysis of market conditions, regulatory changes, and system dynamics to assess the impact of congestion on power markets.
• Develop and implement trading strategies to take advantage of price discrepancies due to congestion.
• Execute trades in day-ahead and real-time markets to capitalize on congestion opportunities and mitigate associated risks.
• Manage and monitor trading positions across various market segments, including day-ahead, real-time, and forward markets.
• Collaborate with other traders, analysts, and operational teams to share insights and refine trading strategies.
• Provide timely reports on trading activities, market conditions, and profit/loss analysis.

REQUIRED SKILLS & ABILITIES:

• Expertise in power market dynamics, including day-ahead, real-time, and forward markets.
• Strong analytical skills, with the ability to process and interpret complex market data.
• Proficiency in trading systems and tools (e.g., Dayzer, Powerworld)
• Understanding of market regulations and compliance requirements.

DESIRED SKILLS & ABILITIES:

• Excellent decision-making skills in a fast-paced, high-pressure environment.
• Strong communication skills, both written and verbal, with the ability to present complex ideas to stakeholders.
• High attention to detail and the ability to manage multiple tasks simultaneously.
• Proficiency with programming languages (e.g., Python, SQL) for data analysis and modeling is a plus.
• Familiarity with transmission system operations, power flow modeling, and grid reliability standards is preferred.

EDUCATION & EXPERIENCE:

• Bachelor's degree in finance, Economics, Engineering, or a related field. An advanced degree (e.g., MBA, Master’s in Energy Economics) is a plus.
• Proven experience (typically 3-5 years) in power trading industry, particularly with a focus on congestion management and transmission constraints.
• Strong understanding of power markets, electricity pricing, and the factors influencing congestion.
• Experience with trading platforms and financial modeling tools used in energy markets.

LANGUAGE SKILLS:

• Fluent verbal and written skills in English.

LICENSES, CERTIFICATES, REGISTRATIONS:

• Certification or experience with risk management (e.g., FRM, PRM) is an advantage.

WORK ENVIRONMENT & PHYSICAL DEMANDS:

This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:

• Prolonged periods of sitting and may need to routinely move around to communicate with different groups
• Occasionally work late to meet with Tokyo office
• Must be able to lift up to 15 pounds at times.
• Must have a valid DL.
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Job Knowledge
• Analytical Skills
• Reporting

Disclaimer:

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.

MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.