We are seeking a dynamic ERCOT Power Trader with a passion for data-driven trading and a strong track record of generating revenue in the short-term ERCOT markets. As an ERCOT Power Trader, you will perform short-term and term trading, develop and implement statistical-based models, and identify opportunities for speculative CRR and DAM Virtual & PTP trades.

We offer a dynamic work environment where you will be part of a high-energy team of experts in the field of ERCOT power trading. Our compensation package includes a competitive base salary and an industry-leading incentive plan that rewards outstanding performance. Additionally, we offer a path to equity/ownership for employees who demonstrate exceptional dedication and contribute significantly to the growth and success of our business.

Key responsibilities:

• Develop and implement statistical-based models correlating supply and demand to price in order to increase the probability of successful trading in the Bal-day and Next day markets
• Short-term ERCOT trading including Bal-day, weekly, and Bal-month markets
• Term trading including, but not limited to Fixed Price, Heat Rate, and Zonal Basis markets
• Identify opportunities for speculative CRR, cash, and DAM Virtual & PTP trades by assessing the performance of the electric grid in the near and long term
• Develop fundamental congestion and bidding/trading strategies by performing Powerflow analysis
• Work closely with the rest of the team to build out profitable long term CRR strategies
• Incorporate data science into creating statistical models and algorithms that provide trade signals, driving trading strategy and commercial decisions
• Understand and maintain in-house models to ensure continuity on the desk
• Manage risk in accordance with the overall ERCOT portfolio

Qualifications:

• Bachelor’s degree in Mathematics, Engineering, Economics, Finance, or a quantitative analysis field
• At least 3 years of experience with a successful track record trading ERCOT power markets in virtual markets and/or CRR markets
• Experience with Optimal Power Flow (OPF) models or electricity market simulation tools would be an asset
• Experience with programming languages, including SQL, R, and Python
• Strong knowledge of data models and data management
• Strong quantitative and research skills

If you are a data-driven ERCOT Power Trader with experience and passion for statistical-based models and speculative trading, and you’re ready to join a dynamic and high-energy team, we want to hear from you. We offer competitive compensation, benefits, and a supportive work culture. Come join our team and make an impact in the ERCOT market!