Sr Trading Analyst - NextEra

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Next Era Energy Marketing is one of the nation’s leading electricity and natural gas marketers, and a key player in the energy markets in the United States and Canada. As a part of Next Era Energy Resources, we specialize in innovative energy strategies that maximize market value for our customers and stakeholders. Our team is skilled in market analysis, trading, risk management and delivering tailored customer solutions across North America.

If you are a strategic thinker eager to make a significant impact in the fast-paced energy industry, join our team today.

This position has primary responsibility for the hedging of electric price congestion exposure for the NEER asset portfolio. After analyzing exposure and receiving approval of recommendations from generation and load business management, hedging is primarily executed via the Financial Transmission Rights (FTR) auctions in various markets including ERCOT, SPP, MISO, PJM, NYISO and CAISO. Through careful coordination with transmission, business management, and forward trading teams, this role will identify and analyze the fundamental drivers of grid congestion, such as outages and system topography changes.

The team will leverage those drivers to develop quantitative tools to inform hedging strategies, including production cost modeling. In addition, the team will seek to maximize value of auction revenue rights (ARR) in various markets through thorough analysis and implementation of optimization strategies.

Furthermore, the team will also assist in the identification and quantification of optionality and risk in the NEER asset portfolio, as well as development and execution of innovative hedge strategies.

• Assist in the development and implementation of quantitative tools to identify the fundamental drivers of grid congestion and quantify their potential impact
• Leverage production cost modeling tools such as Dayzer to forecast range of outcomes for grid congestion
• Analyze, recommend and execute hedge strategies to minimize electricity congestion risk in the NEER asset portfolio
• Develop tools to monitor daily Value at Risk, position, and other risk-related measures
• Coordinate to ensure sufficient credit to execute hedging via both ISO and bilateral markets
• Preparation of presentations for senior management to simplify and communicate important market trends, risks and recommendations to mitigate portfolio risk
• Learn and leverage tariff, ISO and other market information to act as a market expert to others in the organization
• Assist in the identification and quantification of risk in the NEER asset portfolio, including recommending innovative scheduling and/or hedging plan to optimize
• Performs other job-related duties as assigned

• Bachelor's or Master’s Degree
• Experience:
  
  4+ years
• Understanding of power, FTR, and ARR markets
• Experience with powerflow studying and production-cost modeling for a power system
• Degree in engineering, science, physics, finance, accounting, economics, business other quantitative field
• Prior experience with managing congestion and/or transmission
• FTR auction and programming experience

This position is responsible for supporting structured transactions in the energy marketing group through the development of sophisticated models. Employees in this role lead the development of pricing models, identify arbitrage relationships and develop trading strategies.

• Leads the implementation of models into the existing trade floor pricing and risk management infrastructure
• Monitors daily Value at Risk, position, and other risk-related measures
• Develops sophisticated models in support of structured transactions
• Formulates and maintains daily forward curves and/or volatility surfaces
• Provides management with daily Profit and Loss and pricing information
• Supports the development and execution of the company's trading program
• Assists in preparing presentations
• Performs other job-related duties as assigned

• High School…