National Grid Trader, Energy Trading in United Kingdom
About the role
Energy Trader – Solihull, West Midlands
Fixed Term Contract for 12 months
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 growing to 6.8GW by 2023. Within this role, you will 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.
The Energy Trader will:
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.
You will have expert knowledge of either the GB BETTA or North West Europe power market.
You will also have:
• 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.
What you'll get
A competitive salary between £33,000 – 45,800 – commensurate with level of experience
As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. There will also be a shift pay allowance of circa 25% for working a 24/7 rota. You will also have access to a number of 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.
National Grid touches the lives of almost everyone in the UK, with an energy network that stretches across the Atlantic. We’re an international team, and our work underpins the lives of millions of people. Feet forwards, head up, and eyes bright, we’re working hard to create value for people today – and shape the future of energy tomorrow.
In the UK, we don’t generate or sell energy – we join the dots to get energy from A to B. From making a cup of tea in the morning, to keeping the lights on in hospitals, our electricity network puts power in the hands of people. Without it, the world as we know it would grind to a halt.
The world of energy is changing beyond recognition. Working at National Grid, you won’t just be touching the lives of almost everyone in the UK – you’ll be shaping the way we use and consume energy for generations to come.
Our values and principles
At National Grid, through listening to what our customers need, every day we do the right thing and find a better way.
As a National Grid employee, you’ll treat our customers as a priority, taking time to listen and work with them to help give them the best experience we possibly can. You’ll need to be proactive and flexible in your approach and continually look for ways to exceed their expectations – sometimes in unexpected and helpful ways. You’ll provide accessible information when our customers need it and make things simple by using your expertise to guide them. Above all, you’ll follow through on your promises to deliver value, drive efficiency and give them a great customer experience.
We offer inclusion and diversity training for everyone here at National Grid, with a view to building an inclusive working environment and developing all our employees. Training opportunities range from unconscious bias and reverse mentoring to targeted training initiatives which are tailored to support our diverse and innovative work force.
The closing date for this vacancy is 24th July 2019. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.