Director, Wholesale Load

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Houston, TX, US

REV Renewables, an LS Power company, is a leading developer, owner, and operator of renewable energy and energy storage projects across North America. With over 2.9 GW of operating assets and a robust development pipeline—REV is at the forefront of the clean energy transition. Our mission is to deliver affordable, reliable, and clean electric power to all. Through a commitment to innovation, REV continuously adapts to the evolving regulatory, environmental, and market landscape to deliver optimized energy solutions.

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Job Summary:

This is a rare opportunity to build a new business from the ground up — with the resources of an established company behind you. You will launch and lead REV’s PJM wholesale load-serving business, supplying full‑requirements default service through utility auctions, hedged against REV’s pumped storage fleet. You will own it end to end: standing up the business, setting strategy and bidding in default service auctions, and supporting hedging, credit, and settlement.

Unlike a typical startup, you’ll have REV’s physical asset base, balance sheet, and deep bench of expertise across Energy Management and the broader organization at your disposal:
Analytics on pricing and load forecasting, Traders on hedge execution, Risk and Credit on exposure and collateral, the REC desk on compliance, and Legal on contracts and market setup. The initial focus is PJM, with the potential to expand into other markets as the platform matures. The ideal candidate has experience pricing and managing load risk as well as an understanding of wholesale load operations, and is an entrepreneurial builder ready to shape the strategy and grow the business as it scales.

Duties/Responsibilities:

• Launch, build and manage REV’s new PJM wholesale load-serving business with an ownership mindset, coordinating across the Energy Management team and the broader organization.
• Lead strategy and execution for PJM default service auctions, including tranche selection, bid pricing, and participation in descending clock auctions.
• Partner with the Analytics team to build and maintain auction pricing, load forecasting (Day-Ahead and Real-Time), and shadow-clearing models ahead of live bidding.
• Manage and monitor performance attribution and risk metrics as well as market intelligence to determine forward component pricing and margin levels
• Work with Traders on hedge execution, including mean-delta block hedges, FTR/congestion coverage, and integration of the pumped storage fleet’s dispatch as the real-time hedge.
• Organize the business: market and supplier qualification (EDC programs, PJM), working with Legal on supplier master agreements, licensing, and market setup, and establishing the internal processes and controls required to bid, deliver, and settle load.
• Work with the Risk and Credit teams on load-book exposure and collateral, including EDC margining, exchange margin, and PJM credit requirements, as well as facilities, unsecured thresholds, and portfolio netting.
• Oversee load settlement, PJM settlement components and cost attribution for the load book, and forecast-versus-actual performance in partnership with Commercial Operations; own reporting and tracking of the business’s gross margin against plan, including Day‑Ahead/Real‑Time P&L attribution.
• Coordinate with the REC desk on compliance procurement and monetization of fleet RECs against load obligations.
• Ensure all load positions, load hedges, and FTRs are modeled in the ETRM with accurate position, MtM, and credit reporting; ensure full compliance…