Congestion Trading Manager - with Great Benefits

We are looking to hire an analytical Congestion Trading Manager to join our awesome team at Urban Grid Solar Projects, LLC in Houston, Texas, United States.
Growing your career as a remote Congestion Trading Manager is an exceptional opportunity to develop exceptional skills.
If you are strong in attention to detail, innovation and have the right personality for the job, then apply for the position of Congestion Trading Manager at Urban Grid Solar Projects, LLC today!

Urban Grid, a leading independent power producer, facilitates a rapid and sustainable energy transition by developing high-quality renewable energy projects, fostering community partnerships, and serving as a good land steward. Our company is positioned to own and operate its facilities while cultivating a land management system that benefits farmers, communities, and the natural world through agrivoltaics. Urban Grid maintains a delivery-focused approach with the goal of being a good neighbor, corporate citizen, and trusted energy solutions partner. Headquartered in Houston, Texas, with teams situated strategically throughout the United States, Urban Grid has a long history of contributing to the clean energy economy. In addition to 940 megawatts currently under construction, we are actively developing a growing portfolio of more than 12,000 megawatts of solar PV and 7,000 megawatts of co-located and stand-alone energy storage. To learn more, please visit www.UrbanGridSolar.com.

 Urban Grid is a portfolio company of Brookfield. one of the world’s largest owners and operators of renewable power and climate transition assets.

Summary

The Congestion Trading Manager will be responsible for developing and running advanced modeling for our solar assets using PROMOD or PLEXOS. This analysis, including Locational Marginal Pricing forecasting, will support commercial decision-making in our greenfield pipeline up until financing, aid in managing our operational assets, and play a significant role in modeling revenue. The ideal candidate will have a strong background in trading, business, finance, or economics, with solid experience in electrical engineering and power flow analysis, coupled with a solid understanding of market dynamics, especially in PJM and MISO. This role requires flexibility, adaptability, and an entrepreneurial mindset, as the scope of responsibilities may evolve over time to support the growth of our commercial team.

Responsibilities

• Develop and maintain a fundamental analysis framework to support all congestion trading activities.
• Conduct advanced modeling and scenario analysis using PROMOD or PLEXOS to identify congestion risks and opportunities.
• Perform LMP forecasting to support trading strategies and decision-making processes.
• Analyze and provide guidance on FTRs value, forward prices, and transmission congestion dynamics.
• Model revenue impacts based on congestion and market conditions.
• Provide analytical support for commercial decision-making in the greenfield pipeline up until financing.
• Aid in the management of operational assets by providing insights from congestion modeling and LMP forecasting.
• Track transmission and generation outages, line upgrades, new builds, and generation retirements; model them and evaluate their impact on LMP and transmission congestion dynamics.
• Monitor market conditions, regulatory changes, and transmission developments to inform trading decisions.
• Conduct financial analysis and modeling to assess the profitability and risks associated with congestion trading.
• Collaborate with other departments such as Origination, Finance, Investments, and M&A to support their needs with congestion trading insights.
• Provide regular reports and updates to senior management on trading performance and market outlook.
• Ensure compliance with all relevant market rules and regulations.
• Support functions necessary to build out the full commercial team as needed, demonstrating flexibility and adaptability to changing responsibilities.
• Other duties as assigned.

 

• Bachelor’s degree in Electrical Engineering and strong knowledge of business and finance. MBA is a plus.
• Proven experience in energy trading, with a focus on congestion trading in PJM and MISO.
• Strong proficiency in using PROMOD or PLEXOS for market modeling and analysis.
• Excellent analytical and quantitative skills, with the ability to interpret complex data and market trends.
• Strong understanding of market rules, congestion management, and transmission systems, especially in PJM and MISO.
• Demonstrated ability to develop and implement successful trading strategies.
• Experience in LMP forecasting and its application in trading strategies.
• Proficiency in Microsoft Office software, SQL, and Power BI.
• Knowledge of programming in Visual Basic, Matlab, or Python is a plus.
• Effective communication skills, both written and verbal.
• Strong organizational skills and attention to detail.
• Ability to work effectively in a fast-paced, dynamic environment.
• Entrepreneurial mindset, with the ability to adapt to changing responsibilities and support the growth of the commercial team.
• Experience in renewable energy markets, particularly solar.
• Knowledge of regulatory and compliance issues related to congestion trading.
• Proficiency in financial modeling and risk management.

 

 

Urban Grid offers an exciting benefits package, including medical, dental, vision, health savings account, flexible spending account, company-paid life insurance and short-term disability, voluntary life, and long-term disability, paid parental leave, and a retirement plan with matching. Full-time position with a competitive compensation package, including bonus.

Benefits of working as a Congestion Trading Manager in Houston, Texas, United States:

● Learning opportunities
● Company offers career progression opportunities
● Competitive salary