ERCOT Power Term Trader
Houston, TX 
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Posted 2 days ago
Job Description

Determined. Imaginative. Curious. If these are some of the ways you describe yourself - we want to learn more about you! At TC Energy, we are Energy Problem Solvers - passionate about transitioning North America to cleaner energy while meeting the energy demands of today and tomorrow. If that sounds like a challenge you want to help tackle, we want you to join our team!

The opportunity
Our Power Trading Team is growing to meet our strategic needs and help drive solutions offered to our customers. We are continuing to expand our presence in Houston, Texas, through TC Energy Marketing, a non-regulated affiliate Power and Emissions marketing and trading business, adding to our high-performance team to help us grow, manage risk, and optimize our growing portfolio of assets.

We are seeking a Power Term Trader who will create value through analyzing and understanding the ERCOT & SPP market and will collaborate with our TC Energy Marketing team to design, develop and implement physical and financial strategies that ensure customers receive reliable energy. Expertise in analyzing market intelligence will be key in increasing shareholder value in today's market.

What you'll do
This position is responsible for the successful management of TC Energy's US Power Term portfolio, with a focus on ERCOT and SPP markets. The portfolio includes the US regional physical and financial long-term obligations as well as all hedge transactions serving to accomplish TC Energy's financial goals.


Effectiveness in this role includes the ability to set the strategy for managing commodity risks utilizing various hedging instruments, as well as the ability to track and provide updates on the power positional risk and financial term results while working with the fundamental and transmission analysts to inform both short term decisions and longer-term strategic initiatives. In that effort, the trader is expected to meet the annual financial plan for the portfolio as well as deploy risk in a consistently profitable manner adding new business value within the risk compliance policies of the company.

  • Maintain an accurate power and natural gas position and deploy risk to add new business dollars to the financial plan while managing commodity risk within Portfolio tolerances. Collaborate with other stakeholders to build a regional price view to support short term trading initiatives as well as longer term strategic efforts.
  • Contribute to the overall P&L of the US Power group through financial trading of Power and natural gas instruments.
  • Preference for regional expertise in ERCOT and SPP but will consider other ISO experience.
  • Provide all needed asset and power purchase agreement contract management with the assistance of the Origination and Asset Operations groups.
  • Provide project support as an involved member of the Portfolio business plan projects and support any departmental initiatives.
  • Take ownership of specific Portfolio topics as regional subject matter expert and provide insights into these topics.


Minimum qualifications

  • Undergraduate degree required in Finance, Business, Engineering or related discipline
  • 5+ years trading power Term products
  • Demonstrated in depth knowledge of the wholesale electricity markets, trading in those markets, and the associated infrastructure supporting those trading marketplaces
  • Demonstrated in depth knowledge of the Natural Gas markets, trading in those markets, and the associated infrastructure supporting those trading marketplaces
  • Extensive knowledge of North American RTO/ISO market constructs, rules and operations
  • Demonstrated decision making capabilities coupled with the ability to work under tight deadlines
  • Driven by bottom line results
  • Self-motivated to achieve success in a rapidly evolving market environment
  • Understanding of fuel markets and relationship to power markets


Preferred qualifications

  • An advanced degree in Finance, MBA, Engineering or equivalent analytics discipline.
  • 10-year experience trading power and natural gas products.

Relocation Eligibility: This position is eligible for our domestic relocation program

About our business

TC Energy is a leading energy infrastructure company in North America. We have three complementary businesses of natural gas pipelines, liquids (oil) pipelines, and power generation. Our operations span three countries, seven Canadian provinces, and 34 U.S. states.


TC Energy is an equal opportunity employer.

Learn more

Visit us at TCEnergy.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing TC Energy in your career search.

* Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or ladder.

* Applicants must have legal authorization to work in the country in which the position is based with no restrictions.

* All positions require background screening. Some require criminal and/or credit checks to comply with regulations.

* TC Energy is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting careers@tcenergy.com.


TC Energy is an equal opportunity employer and participates in the E-Verify program supervised by the U.S. government.

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
10+ years
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