Global Energy Management Lead - MISO & PJM

Global Energy Management Lead - MISO & PJM

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EDP Renewables is a global leader in the renewable energy sector and currently operates in more than 25 markets. With eight offices and several sites, at EDP Renewables North America, we are experienced developers and operators of renewable energy. Our portfolio includes wind farms, solar parks, energy storage projects, and green hydrogen solutions throughout the continent. We are ranked among the top 5 in the U.S. in operational renewable energy capacity.

Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow.

Role Overview:

The Global Energy Management team at EDP Renewables North America is seeking a highly motivated professional to lead short- and medium-term asset optimization for its MISO & PJM growing portfolio of renewable assets. You will develop and implement power scheduling and hedging strategies to maximize the value of EDPR NA merchant position in the wholesale electricity markets while adhering to risk policies and regulatory requirements.

Responsibilities include day-ahead scheduling, executing power hedges, procuring basis hedges, and managing capacity sales through auctions and bilateral agreements. The role requires advanced hands‑on experience in MISO & PJM power market dynamics, hedging and trading strategies, alongside the demonstrated ability to leverage data analytics to enhance performance and deliver profitable results, when compared to passive scheduling and hedging strategies.

Main Accountabilities:

• Develop and implement robust power scheduling and trading strategies aimed at optimizing EDP portfolio of renewable assets within NA wholesale power markets, specifically in MISO and PJM.
• Develop and manage hedging strategies for spot electricity prices, basis, and capacity, ensuring effective management of EDP risks and positions within the power markets.
• Responsible for day-ahead scheduling activities, power hedges execution, basis hedges procurement (FTRs/CRRs/TCRs), and capacity sales (auctions and bilateral).
• Optimize EDP’s merchant portfolio, ensuring alignment with company’s Energy Management goals.
• Develop and implement prop trading strategies including virtuals, power futures, and FTRs.
• Monitor and analyze power market trends, regulatory changes, and other factors affecting prices and risk, recommending strategies to maximize the portfolio value.
• Work closely with risk and compliance teams to ensure proper monitoring of exposure, compliance with internal risk policies, and adherence to regulatory and legal requirements in the power markets.
• Monitor and report on the performance of the company’s portfolio and related books, including prop trading.
• Leverage data analytics and technology to enhance trading performance and streamline operations.
• Support the structuring and execution of short‑medium term Power Purchase Agreements.
• Foster collaboration with internal departments (e.g., Risk, Asset Operations) and maintain relationships with external stakeholders (e.g., market participants, ISOs/RTOs).
• Work as part of a team, participating in special projects/duties as assigned by team leader.

Direct reports: None

Travel: 0% - 10%

Location: Houston, TX (Hybrid: 3 days in office 2 remote days)

Seniority level: Director

Employment type: Full-time

What we are looking for:

• Bachelor’s degree in Economics, Finance, Mathematics, Engineering or other STEM fields;
  Graduate studies are a plus.
• Minimum 6+ years of experience and proven track record in power scheduling, trading/hedging, basis management, and capacity markets in MISO and PJM.
• Hands‑on experience structuring and negotiating short‑term off‑take agreements for wholesale…