Power Trader

Brookfield Asset Management Inc; New York (NY); On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Performance bonus

Job summary

TerraForm Power in New York seeks a Power Trader to manage and optimize positions across its renewable assets with a focus on asset-backed trading in PJM and ERCOT.

The role develops and executes trading and hedging strategies involving energy, transmission, capacity, and RECs, partnering with Asset Management, Operations, and Finance to drive portfolio value while controlling risk. Experience in day-ahead and real-time markets is required.

Qualifications

• 4-7 years of experience in power trading.
• Experience executing through exchanges and broker markets and managing counterparty relationships.
• Strong understanding of REC registration and transfers.
• Ability to leverage programming and data analysis for trading, forecasting, and portfolio optimization.

Responsibilities

• Asset Backed Trading and Basis Mitigation: Develop and execute asset optimization strategies across TerraForm’s renewable generation, contracts, and transmission positions to enhance portfolio value within approved risk limits.
• Execute day ahead and real time energy bids across ISOs, managing spot commodity exposures in response to forecast changes, outages, curtailments, and price volatility.
• Schedule assets across ISOs and fulfillment market-based contractual obligations.
• Participate in FTR/CRR/TCC trading strategies to manage congestion and basis risk.
• Negotiate and execute energy and REC transactions through brokers, exchanges, structured auctions, and bilateral counterparties.
• Monitor electricity markets to maintain a deep understanding of supply/demand dynamics, market behavior, and regulatory developments.

Skills

Power trading

PJM markets

ERCOT markets

Data analysis

Communication skills

Job description

200 Liberty Street
14th Floor
New York, NY 10281, USA

Description

Power Trader

Job Type: Exempt Salaried, Full-Time
Location: New York, NY
Reports To: Director, Trading
Department: Commercial

About Us

TerraForm Power is a leading owner, operator, and producer of renewable energy across North America. As a portfolio company of Brookfield Renewable, we own and operate approximately 2,200 MW of utility-scale wind, solar, and battery energy storage facilities across 15 U.S. states and Ontario, Canada.
Headquartered in New York City, TerraForm Power is committed to delivering reliable, innovative renewable energy solutions that help customers achieve their clean energy goals. Our experienced team manages every aspect of our operations – from power generation and asset management to commercial energy solutions – ensuring the safe, reliable, and efficient performance of our renewable energy facilities.
At TerraForm Power, our people are at the heart of our success. We foster a culture built on safety, integrity, collaboration, innovation, and continuous improvement, while investing in the development of our employees and supporting the communities where we operate through environmental stewardship, charitable giving, and meaningful local partnerships.
If you're passionate about renewable energy and want to make a lasting impact on the future of clean power, we invite you to join our team.

Job Summary

Reporting to the Director of Trading, this role will be responsible for managing and optimizing positions across TerraForm’s portfolio of wind, solar, and battery energy storage assets, with a primary focus on asset-backed trading in the PJM and ERCOT markets.

The Power Trader will develop and execute trading and hedging strategies involving energy, transmission, capacity, and renewable energy credits (RECs) to maximize portfolio value while managing risk. This role will work closely with Asset Management, Operations, and Finance teams to support commercial decision-making and enhance the performance of TerraForm’s renewable energy portfolio.

The ideal candidate brings direct experience in renewable asset optimization, wholesale power markets, and asset-backed trading, including day-ahead and real-time market participation, transmission hedging, and portfolio risk management within PJM and ERCOT.

Key Responsibilities

• Asset Backed Trading and Basis Mitigation
  • Develop and execute asset optimization strategies across TerraForm’s renewable generation, contracts, and transmission positions to enhance portfolio value within approved risk limits.
  • Execute day ahead and real time energy bids across ISOs, managing spot commodity exposures in response to forecast changes, outages, curtailments, and price volatility.
  • Schedule assets across ISOs and fulfillment market-based contractual obligations.
  • Participate in FTR/CRR/TCC trading strategies to manage congestion and basis risk.
  • Negotiate and execute energy and REC transactions through brokers, exchanges, structured auctions, and bilateral counterparties.
  • Monitor electricity markets to maintain a deep understanding of supply/demand dynamics, market behavior, and regulatory developments.
• Commercial Data Analytics
  • Lead the development and maintenance of energy market tools, including price/generation forecasting and product valuation models, and portfolio optimization frameworks.
  • Analyze trading and hedge performance, enhancing models based on backtesting and realized results.
  • Conduct commercial due diligence on proposed hedge structures and renewable energy projects.
• Reconcile PnL across ISO settlements, trades, REC registries and offtake contracts, resolve discrepancies with settlements and finance teams.
• Deliver insights to support desk decisions, coordinating with Asset Management on performance and asset value reporting.

Skills & Qualifications

• 4-7 years of experience in power trading, with a strong focus on PJM and ERCOT.
• Experience executing through exchanges and broker markets and managing counterparty relationships, including credit terms and collateral.
• Understanding of REC registration and transfers in tracking systems.
• Ability to leverage programming and data analysis for trading, forecasting, and portfolio optimization.
• Decision-making in a dynamic, fast-paced team environment.
• Strong attention to detail and ability to synthesize complex ideas.
• Excellent written and oral communication skills.

TERP operates under a variable, performance-based bonus structure. Commercial Traders typically receive bonuses tied to profitability, through optimization efforts by utilizing various trading instruments. As such, P&L performance is one of the key drivers of bonus outcomes. The actual payout range varies between 0% and 150%, depending on individual, group, and business performance. Final bonus decisions are made after the close of the fiscal year by the leadership team.

Recruitment Agency Notice:

TerraForm Power Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of TerraForm Power and we are not responsible for any related fees. All communication related to recruiting partnerships should ONLY be directed to the Human Resources team.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.