Power Congestion Trader

Mitsui & Co. Energy Marketing and Services (USA), Inc.; Houston (TX); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Medical, Dental, Vision benefits

401K and Company Match

Tuition Reimbursement

Generous PTO Policy

Breakroom Snacks / Beverages

Job summary

The Power Congestion Trader role at Mitsui & Co. Energy Marketing and Services (USA), Inc. focuses on managing electricity trading with emphasis on congestion and transmission constraints.

You will use market data and forecasting to anticipate congestion and optimize trades across day-ahead and real-time markets. Collaborating with risk, operations, and analytics teams, you will develop strategies, monitor positions, and report on performance while ensuring compliance with market regulations.

Qualifications

• Bachelor's degree in finance, economics, engineering, or related field; MBA or energy economics a plus.
• 3–5 years of experience in power trading, congestion management, and transmission constraints.
• Strong understanding of power markets, pricing, and factors influencing congestion.
• Experience with trading platforms and financial modeling tools used in energy markets.

Responsibilities

• Monitor and analyze transmission congestion patterns and identify trading opportunities.
• Forecast congestion and its impact on electricity prices using models and real-time data.
• Develop and implement congestion-driven trading strategies.
• Execute trades in day-ahead and real-time markets to capitalize on congestion opportunities.
• Manage positions across day-ahead, real-time, and forward markets.
• Collaborate with traders, analysts, and operations; provide reports on P&L and market conditions.

Skills

Power markets

Analytical skills

Trading systems

Regulatory knowledge

Education

Bachelor's degree in finance/economics/engineering

MBA or Master’s in Energy Economics

Tools

Dayzer

Powerworld

Job description

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.

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 (with standing option) 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.

Benefits & Perks

• Medical, Dental, Vision benefits
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Breakroom Snacks / Beverages

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.