Senior ERCOT Market Hedging & PPA Lead

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

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.