Senior Power Trader - London, United Kingdom - Elgin Energy

Elgin Energy London, United Kingdom

1 week ago

Full time

Description

Elgin Values

Core behavioural responsibilities for all employees

Agility We Lead with Agility Integrity We Act with IntegrityExcellence We Empower ExcellenceCareWe Value Care
Integration of our three core values into our employment processes and frameworks allows Elgin to recognise and respect individual employees for their personal contributions to their roles, their colleagues, stakeholders, and ultimately to the renewable energy sector. We see sustainability as every employee's responsibility and weaving sustainable practices into our values is paramount to the culture we seek to create.

Job Description

The Role:

Leading the setup of our electricity trading and asset optimisation services in the UK, including establishing Elgin Energy as a qualified market participant in all relevant markets.
Optimising physical and financial trading positions within day-ahead and real-time electricity markets with a key focus on battery storage asset optimisation.
Undertaking market analysis to understand supply, demand, competitor strategies and transmission constraints to identify opportunities to maximise value capture.
Assessing risks and opportunities of asset operations by coordinating with client asset operations staff.
Supporting analysis and tool creation/improvement to aid in achieving profit targets and the optimal dispatch of assets.
Working with the Global analytics, trading and technical teams to develop and implement trading strategies and tactics to achieve targets whilst complying with risk limits and trading control procedures.
Managing and mentoring a team of shift-trader in the GB power market.
Performance tracking and reporting on all trading activities – internally to senior management and externally to clients.

Your profile

What you will need:

A degree in business, economics, finance, computer science, engineering or related technical field.
1+ year experience optimising batteries in short term wholesale and ancillary services markets.
3+ years experience in a short-term power trading role managing dispatch of physical assets and trading positions including the contribution to creating and executing trading strategies.
Strong knowledge of the operations, rules, infrastructure and key players of the UK market.
Knowledge of the drivers of ex-ante and real-time power and ancillary services market prices and the opportunities they create for assets operating within.
The ability to understand and discuss complex issues in an accessible way.
Independent, entrepreneurial and commercially astute.
Good judgement in high pressure, high-value situations.
Ability to prioritise workload in a time-pressured environment.
A 'positive can-do attitude'
In addition, any of the following would be a bonus:
1. Working knowledge of Excel/VBA and Python (Pandas, etc.), as well as experience querying relational databases (e.g. SQL)
2. Previous experience of contract management, regulatory/System Operator engagement and/or set-up of a trading and operations desk
3. Experience in risk management or post-trade analytics.
4. Strong knowledge of the operations, rules, infrastructure and key players of the Australian and Irish markets.
To succeed in this role, will require an ambitious, self-motivated person with a passion for business growth and solar development. The drive to also work in a fast-paced organisation where there is an environment of change, complexity, and multi-functional stakeholders

About us

Elgin Energy is a full-service, utility scale, solar+storage platform bringing projects from origination through to energisation. Elgin is active across the project lifecycle from project origination through to construction management and operational asset management. The company has over 12GW of solar and storage projects across our three key markets of the UK, Australia, and Ireland.

As of 2022, Elgin Energy agreed to sell the UK's largest solar PV transaction to date consisting of a portfolio of 12 projects with a combined capacity of 519MW of projects including 70MW of collocated energy storage capacity to Scottish Power Renewables (UK) Limited, a wholly-owned subsidiary of global utility Iberdrola Group.

In 2021, Elgin Energy secured financing with Berenberg Green Energy Fund for the development of solar PV projects totalling 1.36GW in the UK and Ireland and also raised £25 million via Focus Capital Partners to fund its growth strategy across its core markets. In 2020, the company partnered, in separate transactions, with both Foresight Group and Metka-EGN in relation to two portfolios to deliver a total of 276MW of UK solar development projects and was successful with two Irish solar projects in Ireland's first solar auction, RESS-1 – Renewable Energy Support Scheme (RESS). In addition to the above, Elgin Energy delivered 21 solar projects, totalling 230MW, before the UK Government's Renewables Obligation (ROCs) scheme ended in 2017.

Elgin Energy works with long-term strategic partners to deliver projects to the energization and provides asset management services through their operational life. The company has expanded internationally over the last 14 years with a professional team of engineers, accountants, and lawyers located in its London, Dublin, and Sydney offices. Elgin has a 98% success rate through planning across all its markets.

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