AddressAbout the role
National Grid Interconnectors is at the forefront of delivering low carbon electricity between Great Britain and Europe. We provide the infrastructure and the market arrangements to move power to where it is most needed, providing security of supply for the countries that we connect.
The Power Trading Team (PTT) is a 24/7 shift trading team that provides a route to market for the National Grid Ventures Interconnector portfolio that is 6.8GW. Within this role, you'll optimise the power imbalance in UK and Europe that results from the operation of the assets, analyse the European power markets and develop projects to optimise the growing portfolio.
By 2030 National Grid’s interconnectors will provide enough energy to power nine million homes. That’s a job anyone can be proud of.
We're recruiting for either an Energy Trader or Senior Energy Trader – dependent on capability. This role is based from Warwick and you can enjoy our hybrid working from office and home.
Key accountabilities
- Become authorised to trade power on the EPEX-Spot power exchange – Current EPEX accreditation and M7 experience preferred.
- Implement current trading strategy to drive value.
- Ensure compliance with relevant legislation is maintained.
- Support the business to optimise planned outages.
- Responsible for forecasting expected system imbalance in day-ahead to within-day timescales in UK and European markets.
- Monitor and report market prices, spreads for NG interconnectors from D+1 – Year 3.
- Identify strategies to minimise overall costs of imbalance.
- Liaise with internal and external stakeholders, including market participants and interconnector customers.
About you
What we do isn’t just important – it’s essential. That’s why we look to recruit experts in their field. In this case, we’re looking for someone who has:
- Knowledge of either the GB BETTA or North West Europe power market.
- An understanding of UK & European power market fundamentals.
- Proven analytical skills and a good level of expertise in Excel, VBA etc. (coding skills are preferred).
- Demonstrable numerical skills.
- Experience with a programming language i.e. Python, R, SQL is a plus.
- Experience using Microsoft Power BI will also beneficial.
- Leadership capability to help the team improve trading skills and develop new markets / products.
- The ability to take Trading Manager DoA as required and make sound commercial trading decisions (Senior Energy Trader)
Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid Interconnectors, we are committed to building a diverse, inclusive and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.
What you'll get
- Hybrid working – Traders can work from home when on shift – offering a work-life balance shift pattern.
- A competitive salary between £49,000 - £65,000 – dependent on capability.
- Shift allowance of 26% (for working a 24/7 rota).
- Standby allowance.
- An annual performance bonus.
- 26 days annual leave (plus bank holidays).
- The option to buy additional or sell holiday days.
- Generous contributory pension scheme - we will double-match your contribution to a maximum company contribution of 12%.
- Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave - so long as it's relevant to your role.
- Access to flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.
- Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
- Access to apps that support health, fitness and wellbeing.
About us
National Grid is pioneering ways to decarbonise the energy system; from building interconnectors to allow the UK to share clean energy with our neighbours in Europe, to investing in renewable energy generation in the United States.
As one of the largest investor-owned energy companies in the world, National Grid is at the centre of a clean, fair and affordable energy future, where tackling climate change and reaching net zero is a key priority.
More information
This role closes on 14 March 2024 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary. Interviews to be held week commencing 18 March.
At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.
Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.
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