Head of Market Analytics and Trading Support
RWE Renewables America, LLC | |
United States, Illinois, Chicago | |
April 17, 2024 | |
RWE Trading Americas Inc. To start as soon as possible Your future plans Energy and electricity markets are rapidly changing with the deployment of intermittent renewables and energy storage. This role offers the opportunity to lead and build the analytics team that forecasts the impact of these changes on energy and electricity prices in selected US markets with the goal of reducing uncertainty for hedging and optimization decisions of our US renewables assets. To improve and expand our market view, we are looking for a Head of Market Analytics and Trading Support. You will analyse fundamental price drivers such as weather sensitivities, fuel commodity prices, regulatory changes, and conventional and renewables capacity development. With these inputs, you will refine and update our DAYZER production cost model and quantify the impact of these drivers on wholesale electricity prices. You will perform model runs, check model plausibility, and back-test model results. You will use the model results and sensitivities to improve our trading strategies and work closely together with the desks on implementation. You will be part of our analyst community and will provide and explain your findings directly to the commercial optimisation teams, who base their day-to-day trading and hedging decisions on the model output. The market analysis focus for this position is for power on ERCOT, expanding to PJM, CAISO, and other ISOs. You will need to understand and model specific market design elements such as price formation, capacity auctions, and co-optimization of energy and reserves. Resposibilities:
Your powerful skills
Apply now with just a few clicks: ad code 85181 Any questions? Patrycja Bartela, E: patrycja.bartela@rwe.com (Recruiting) We look forward to meeting you! We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity. #inclusionmatters Of course, you can find us on LinkedIn, Twitter and Xing, too. RWE Supply & Trading is the interface between RWE and the energy markets around the world. Around 2,000 employees from over 70 different countries trade electricity, gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWE's power plant dispatch and markets electricity from RWE. |