Gas and Power Shift Trader

5 months ago

London, United Kingdom EP UK Investments Ltd Full time
DescriptionAn opportunity has arisen to recruit an Intraday Gas & Power Trader, to join an expanding 24/7 trading team. The individual will be responsible for executing trading strategies, utilising expertise in wholesale energy and balancing mechanism markets, optimising thermal generation plant to maximise gross margin, and offer support to the wider business functions when required. 

A development opportunity exists for high performing individuals within the intraday team to rotate onto day-ahead and forward trading roles within the business, broadening the exposure of the individuals. Analytical rotation roles and projects are also available to individuals within the intraday team with the required technical skill-set.  

The role will be based at the London Office, where Trading, Risk, Policy, Investment and Corporate Finance functions are based.
Key ResponsibilitiesReporting to the Trading Manager (GB), the key responsibilities and duties will include:-

  • Trading intraday gas and power markets to balance and reduce the business’ exposure to imbalance
  • Working as part of a 24/7 operations team on a full shift rotation basis, utilising self-starter capability while also working efficiently within a team environment
  • Devising, developing and implementing short-term trading strategies, using intraday/day-ahead and Balancing Mechanism markets to optimise generation and maximise overall plant revenue
  • Dispatching our portfolio to capture gross margin from optimal generation/trading decisions, operating within credit guidelines and risk limits
  • Managing the business’ contracted positions to avoid exposure to volatile and punitive imbalance charges 
  • Coordinating and planning short-term outages to minimise commercial impact and manage the process of units returning to service
  • Ensuring all power market license conditions are upheld through good communications with the relevant network operator(s) and implementation of network codes
  • Adhering to the business’s Trading Guidelines and Delegation of Authority processes
  • Assisting with requests from stakeholders across the group when required, helping to promote the team and support the successful growth of the business
  • Delivering against annual team/individual targets & ensure our performance is tracked using agreed key performance metrics

Skills, Knowledge and ExpertiseBackground     
  • Experience of working in a Irish or GB energy trading and/or operations discipline
  • Industry experience as an energy market analyst
  • Knowledge of European gas, power and emissions trading
  • Knowledge of National Grid Electricity System Operator services, codes, operations and forums
  • Knowledge of Transmission Constraint Licence Condition
  • Knowledge of Uniform Network Code and REMIT
  • IT skills – Python, SQL, VBA
  • Self-starter with the ability to rapidly translate complex analysis/system data

Behaviours
  • Highly analytical individual
  • High attention to detail/operationally robust
  • Ability to form well founded ideas and communicate them to the wider team
  • Decisive and have a disciplined approach to trading

Qualifications
  • Numerate degree (or equivalent)

Benefits
  • Private medical insurance
  • Competitive pension option
  • Bonus opportunity
  • EV scheme

EPUK Investments Ltd (EPUKI) is the UK division of Energetický a průmyslový holding (EPH), a leading energy group of over 70 companies that owns and operates assets across Europe. EPH group employs circa 24,000 people internationally, owns €30.5bn of assets, generating €37.1bn of revenue and an EBITDA of €4.3bn.

EPUKI was established in 2015 as the strategic platform for expanding the EPH group into the UK energy market. Since launching, EPUKI has made several acquisitions and developed a number of new opportunities and now owns multiple renewable and flexible power generating assets in the UK and Ireland.

EPUKI has grown rapidly to revenues ~£3.5bn and EBITDA ~£300m. We pride ourselves on an entrepreneurial culture and flat leadership structure where individuals (wherever they are in the organisation) can make a real impact on our business. 

Our aim is to enable the UK and Ireland low carbon transition through provision of flexible and reliable energy supply.  To achieve this, we will:

  • develop, construct and acquire the right assets to support the transformation of the energy system;
  • invest in our people and our assets to best respond to the changing needs of our sector;
  • continuously challenge ourselves to identify opportunities, build our knowledge and develop innovative solutions.

EPUKI is one of the largest independent generators in the UK and Ireland, with an asset base that covers multiple technologies and a range of revenue streams; these include fully merchant baseload and peaking plant and index traded baseload plants, providing a range of system services across the energy and balancing spectrum.  

Despite its significant market presence, EPUKI has a flat structure with fast paced decision-making ability enabling better optimisation of market positions.  The market continues to evolve and develop as the UK and Irish governments drive towards Net Zero with increasing challenges of renewables penetration, introduction of hydrogen and other new technologies.

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