Senior Commercial Associate/Executive

Ecotal; Austin (TX); On-site; USD 180,000 - 250,000; Full time

Job summary

Ecotal seeks a Senior Commercial Associate/Executive to own hedging and market execution for the ERCOT operating fleet, and to support PPA origination and structuring for new opportunities. You will form a market view, translate it into hedging strategies, and submit bids in ISO markets while reporting to senior leadership.

You will quantify exposure, design hedging structures, and develop AI/ML driven pricing and forecasting tools, collaborating with legal and finance.

Qualifications

• Master's degree or higher in engineering, economics, finance, mathematics or management (or equivalent).
• 5+ years in U.S. power markets (developer, IPP, utility, offtaker, trading desk, QSE or advisory).
• Hands-on ERCOT experience with nodal pricing, congestion and basis risk on renewables.
• Experience operating in DAM/RTM, DART, CRR/PTP products, ancillary services and financial hedging products.

Responsibilities

• Quantify and manage nodal-to-hub basis, congestion and curtailment exposure for ERCOT fleet.
• Design hedging strategies using swaps, basis swaps, CRR/PTP, revenue puts, and shaped structures.
• Enter submissions into ISO platforms for day-ahead, real-time, ancillary services, and CRR bids.
• Develop DART strategy and post-auction attribution of realized vs expected value.
• Direct and challenge QSE to meet portfolio strategy and performance targets.
• Analyze transmission constraints, congestion drivers, price forecasts and ISO market design changes.
• Manage settlement validation and dispute resolution with ISO, QSE and counterparties.
• Support PPA and VPPA origination, pricing, settlement mechanics and terms with legal counsel.
• Build analytics tooling and apply AI/ML to price, forecasting, optimization and automation.
• Report commercial performance and market conditions to management and shareholders.

Skills

Python

SQL

Excel

AI/ML

Market analysis

Education

Master's degree in engineering, economics, finance, mathematics or management

Tools

Yes Energy

Enverus

Aurora

PLEXOS

ETRM systems

Job description

Our client operates a growing portfolio of utility-scale renewable generation in ERCOT. We are hiring a Senior Commercial Associate/Executive to own hedging and market execution for the operating fleet, and to support PPA origination and structuring for new opportunities.

In this role, you will form a market view, translate it into a hedging and trading strategy, submit it into ISO markets, and be accountable for the result. You will work directly with the Head of Commercial & Finance in a lean team with visibility to senior leadership.

Responsibilities

• Own the quantification and active management of nodal-to-hub basis, congestion and curtailment exposure across the ERCOT fleet.
• Design hedging strategies using swaps, basis swaps, congestion rights (CRR / PTP obligations and options), revenue puts and shaped structures, sized to portfolio risk appetite and lender requirements.
• Prepare and enter submissions into ISO platforms — day-ahead and real-time offers, ancillary service offers, and CRR auction bids.
• Develop DART strategy and post-auction attribution of realized versus expected value.
• Direct and challenge the QSE: set the strategy it executes and hold it accountable for performance.
• Analyze transmission constraints, congestion drivers, price forecasts and ISO market design changes, and translate them into forward positioning.
• Own settlement validation and dispute resolution with the ISO, QSE and counterparties.
• Support PPA and VPPA origination and negotiation — pricing, basis and shape analysis, settlement mechanics, and commercial terms alongside legal counsel.
• Build the analytical tooling and apply AI/ML to price and congestion forecasting, offer optimization, settlement anomaly detection and reporting automation.
• Report commercial performance and market conditions to management and shareholders.

Minimum Qualifications

• Master's degree in engineering, economics, finance, mathematics or management (Bachelor's degree plus equivalent experience considered).
• 5+ years in U.S. power markets at a developer, IPP, utility, offtaker, trading desk, QSE or advisory firm.
• Demonstrated hands‑on ERCOT experience, including nodal pricing, congestion and basis risk on renewable assets.
• Working knowledge of DAM/RTM, DART, CRR / PTP products, ancillary services and financial hedging products.
• Experience executing — entering offers, bids or auction submissions into an ISO platform.
• Advanced Excel and modeling, plus Python and SQL.
• Practical experience applying AI or machine learning to forecasting, optimization or workflow automation.
• Ability to present a clear commercial recommendation to senior decision-makers.
• Authorization to work in the United States.

Preferred Qualifications

• Working knowledge of MISO and/or PJM — FTRs, ARRs, and capacity constructs (RPM, PRA). Deep expertise in all three markets is not expected; transferable ERCOT experience and the ability to learn a second market is.
• Experience with wind and solar shape and volumetric risk, negative pricing, P50/P99 and hub-settled VPPAs.
• Direct participation in PPA negotiation and contract structuring.
• Familiarity with BESS and hybrid asset optimization.
• Experience with market data and modeling platforms (Yes Energy, Enverus, Aurora, PLEXOS or equivalent) and ETRM systems.
• Understanding of ISDA / EEI master agreements, credit and collateral mechanics.
• Commercial support to project finance or M&A transactions.