Senior Renewable Power Trader – PJM & ERCOT Markets

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

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.