Lead Gas & Power Market Analyst

EP Commodities, a.s. is a joint-stock company specializing in trading in energy commodities, which mainly involves wholesale transactions with natural gas, electricity, emission allowances, crude oil (both financially), and other products (e.g. dark and spark spreads, options) throughout the European regions. The Company is part of the EPH Group, Energetický a průmyslový holding, a. s., which is a leading European energy group that owns and operates facilities in the Czech Republic, Slovakia, Germany, Italy, Great Britain, France, Ireland, Netherlands.

EPH Group generates over 100 TWh of power, which makes EPH the 6th largest power producer in Europe. EP Commodities, a.s., primarily focuses on countries where the EPH Group has its own assets or where liquidity enables effective trading. In addition to the physically and financially securing of assets for the EPH Group, it also sources end customer portfolios in selected countries.

EP Commodities London is expanding its analytical capabilities to capture additional trading and optimisation opportunities across continental Europe. We are seeking a Lead Gas & Power Market Analyst with strong understanding of European energy fundamentals and proven experience in power plant optimisation, dispatch behaviour and hedging strategies. A core responsibility of this role is to produce integrated power, gas and emissions forecasts up to 5 years ahead, and collaborate with the holding company on long-term system outlooks extending to 2050+.

The role combines market analysis, commercial insight, modelling leadership, and close cooperation with traders and portfolio managers.

Key Responsibilities:

1. Market Analysis & Short/Mid-Term Forecasting (0–5 years)

• Deliver integrated power, gas and EUA market views for UK, NL and DE, including supply–demand dynamics, renewable generation patterns, outages, thermal availability, fuel prices, LNG flows and interconnector behaviour.
• Produce actionable short-, medium- and long-term forecasts (up to 5 years) and scenario-based sensitivities covering policy changes, RES expansion, fuel price shocks, nuclear availability, and structural demand changes.
• Identify key drivers behind price developments and provide concise daily/weekly commentary.

2. Trading & Hedging Strategy Support

• Identify commercial opportunities across
• Location spreads (DE–FR, DE–NL, UK–EU)
• Time spreads (month, quarter, season, CAL)
• Clean spark, clean dark and lignite spreads
• Hourly shapes and structural opportunities
• Translate market fundamentals into clear hedging recommendations for UK/NL/DE power plants.
• Integrate cross-commodity insights (gas–power–LNG–carbon) into trade and optimisation strategies.

3. Power Stack Modelling – Leadership

• Lead development and calibration of mid-/long-term stack models (Genscape, EPSI, Aurora, PyPSA, PLEXOS or in-house tools).
• Ensure accurate modelling of thermal behaviour, renewable profiles, load factors, congestion, cross-border flows and merit-order dynamics.
• Work closely with quant developers to automate pipelines, improve data quality and standardise model governance.

4. Long-Term Outlooks (2050+)

• Collaborate with the holding-company long-term analytics team on system evolution, capacity mix, decarbonisation pathways and price trajectories to 2050+.
• Provide insights on renewable penetration, system flexibility needs, demand evolution, and long-run marginal cost trends.

5. Team Coordination & Stakeholder Engagement

• Mentor junior analysts and ensure high analytical standards across the London analytics team.
• Represent analytics in portfolio meetings and trading discussions.
• Prepare clear reports, dashboards and presentations for traders, management and optimisation teams.

Requirements:

• Extensive experience in European power & gas market analytics.
• Proven experience with asset optimisation, dispatch modelling, hedging and P&L drivers.
• Strong hands-on experience with fundamental stack modelling.
• Excellent communication skills; ability to summarise complex analysis into actionable views.
• EU languages (DE/NL/FR/IT) are a strong advantage.
• Strong commercial awareness and ability to operate in a trading-driven environment.

Employment type: Full-time work

Type of employment: Employment contract

Duration of employment: Permanent

Benefits: Contributions to the pension / life insurance, Corporate events, Flexible start/end of working hours, Meal tickets / catering allowance, Occasional work from home, Refreshments on workplace