Mitsui & Co. Energy Marketing and Services (USA), Inc. · 3 weeks ago
Power Congestion Trader
Houston, TX
Full-time
Hybrid
Mid Level
3+ years expMitsui & Co. Energy Marketing and Services (USA), Inc. is seeking a Power Congestion Trader responsible for managing the trading of electricity with a focus on market congestion and transmission constraints. The role involves analyzing market conditions, developing trading strategies, and executing trades to optimize electricity flow and maximize profit.
EnergyMarketingOil and Gas
Responsibilities
Monitor and analyze transmission congestion patterns and identify trading opportunities in congested areas
Utilize forecasting models, market data, and real-time information to predict congestion and its impact on electricity prices
Conduct in-depth analysis of market conditions, regulatory changes, and system dynamics to assess the impact of congestion on power markets
Develop and implement trading strategies to take advantage of price discrepancies due to congestion
Execute trades in day-ahead and real-time markets to capitalize on congestion opportunities and mitigate associated risks
Manage and monitor trading positions across various market segments, including day-ahead, real-time, and forward markets
Collaborate with other traders, analysts, and operational teams to share insights and refine trading strategies
Provide timely reports on trading activities, market conditions, and profit/loss analysis
Qualification
Required
Expertise in power market dynamics, including day-ahead, real-time, and forward markets
Strong analytical skills, with the ability to process and interpret complex market data
Proficiency in trading systems and tools (e.g., Dayzer, Powerworld)
Understanding of market regulations and compliance requirements
Bachelor's degree in finance, Economics, Engineering, or a related field
Proven experience (typically 3-5 years) in power trading industry, particularly with a focus on congestion management and transmission constraints
Strong understanding of power markets, electricity pricing, and the factors influencing congestion
Experience with trading platforms and financial modeling tools used in energy markets
Fluent verbal and written skills in English
Must have a valid DL
Preferred
Excellent decision-making skills in a fast-paced, high-pressure environment
Strong communication skills, both written and verbal, with the ability to present complex ideas to stakeholders
High attention to detail and the ability to manage multiple tasks simultaneously
Proficiency with programming languages (e.g., Python, SQL) for data analysis and modeling is a plus
Familiarity with transmission system operations, power flow modeling, and grid reliability standards is preferred
An advanced degree (e.g., MBA, Master's in Energy Economics) is a plus
Certification or experience with risk management (e.g., FRM, PRM) is an advantage
Benefits
Medical, Dental, Vision benefits
401K and Company Match
Tuition Reimbursement
Generous PTO Policy
Breakroom Snacks / Beverages
Company
Mitsui & Co. Energy Marketing and Services (USA), Inc.
Mitsui & Co. Energy Marketing and Services (USA), Inc.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Eiji Yanagawa
President & CEO
Shigeki Nakao
Chief Financial Officer
Company data provided by crunchbase