Job Description
A Trading Analyst at Plus Power supports energy trading activities and revenue forecasting for energy storage assets, utilizing market data analysis, modeling, and strategic execution to optimize participation in wholesale electricity markets and contribute to the company's decarbonization goals.
Key Responsibilities
- Support trading activities and administrative operations under the guidance of the VP, Trading Risk
- Analyze and improve trading activities across markets, seasons, products, and conditions
- Develop and execute fundamentals-based price forecasts for ERCOT and ISO-NE, incorporating supply demand dynamics, congestion patterns, and fuel pricing
- Gather relevant market data via API and Web Scrape to optimize BESS trading strategies based on forecasted market conditions
- Leverage Python algorithms to enhance bidding efficiency and profitability
- Perform daily updates and insights using the Perfect Foresight Methodology, KPIs, and MAPE analysis
- Monitor and interpret ERCOT and ISO-NE market rule changes and assess their impact on trading strategies
- Collaborate with internal teams to ensure compliance with market participation requirements and operational protocols
Requirements
- Minimum of 2 years of applicable work experience in the energy sector.
- Minimum BA or BS degree in a quantitative discipline; Computer Science degree is preferred.
- Experience with power settlement is strongly preferred.
- Experience with ERCOT and ISO-NE markets is a plus.
- Familiarity with battery energy storage systems is preferred, but not required.
- Excellent written and verbal communication skills, with the ability to explain complex technical analysis in a simplified manner to internal management and external parties.
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Demonstrated ability to work collaboratively and effectively in a cross-functional environment with both technical and non-technical team members who are geographically dispersed.
- Intermediate to advanced proficiency in Microsoft Office applications including Outlook, Word, PowerPoint, and Excel.
- Proficiency in Excel with Python, SQL, and PowerBI is preferred.
- Ability to support trading activities and administrative operations under the guidance of the VP, Trading Risk.
- Ability to analyze and improve trading activities across markets, seasons, products, and conditions.
- Assist in developing and executing fundamentals-based price forecasts for ERCOT and ISO-NE, incorporating supply demand dynamics, congestion patterns, and fuel pricing.
- Assist in gathering relevant market data via API or Web Scrape to optimize BESS trading strategies based on forecasted market conditions.
- Leverage Python algorithms to enhance bidding efficiency and profitability.
- Perform daily execution and updates to existing Perfect Foresight Methodology and provide insights to the Trading team.
- Conduct daily analysis of MAPE and KPIs and provide insights to the Trading team.
- Monitor and interpret ERCOT and ISO-NE market rule changes, assessing their impact on BESS trading strategies.
- Collaborate with internal teams to ensure compliance with market participation requirements and operational protocols.
- Support trading activities and administrative operations under the guidance of the VP, Trading Risk.
Benefits & Perks
Highly competitive total compensation starting at $90,000, with potential for more based on experience and qualifications
Flexible hybrid work arrangement with a combination of office and remote work in The Woodlands, Texas
Participation in an annual bonus program
Unlimited vacation policy
Flexible remote work options
Work from home stipend
Educational assistance
Parental leave
Opportunities for in-person connection, learning, and growth
Ready to Apply?
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