ERCOT Power Trading Analyst

2 weeks ago


Reston, Virginia, United States IREN Full time
ERCOT Power Trading Analyst

IREN is a leading next-generation data center business powering the future with 100% renewable energy. We are currently looking to hire an ERCOT Power Trading Analyst to play a key role in managing and optimizing the energy procurement strategy for our data centers within the ERCOT market.

Key Responsibilities:
  • Manage and mitigate energy-related risks for our data center operations within the ERCOT market.
  • Optimize power procurement by analyzing real-time market conditions and positions, ensuring cost-effective energy usage.
  • Conduct real-time trading and scheduling for the purchase and sale of electricity and ancillary services to meet the demands of our data centers.
  • Collaborate closely with energy managers and other stakeholders to communicate real-time market conditions and trading decisions.
  • Ensure compliance with ERCOT and FERC regulations, including emergency response procedures to maintain uninterrupted data center operations.
  • Analyze large datasets related to energy consumption and market prices, presenting findings to inform strategic decisions.
  • Prioritize tasks to meet deadlines in a high-pressure environment, ensuring the continuous operation of our data centers.
  • Anticipate and manage 2-3 energy programs, taking full accountability for their outcomes.
  • Regularly monitor models, tools (like Grafana and ARCUS), curtailments, and predictive measures to forecast future conditions such as coincident peaks (CPs).
  • Serve as the main operations and commercial contact for power consumption, overseeing daily operations from optimization to settlements, and managing relationships with key external vendors.
  • Conduct real-time trading and scheduling for electricity and ancillary services, including hedging strategies and monitoring market developments such as the forward curve, cost per KW/hr, and risk scenarios for seasonal changes.
Requirements:
  • Bachelor's degree required; a focus in Finance, Engineering, or a related field is preferred.
  • A minimum of two (2) years of experience in the energy sector, with specific experience in real-time trading and operations within the ERCOT market highly preferred.
  • Strong understanding of ERCOT market dynamics, including rules, protocols, and trading practices.
  • Advanced proficiency in Excel for data analysis; familiarity with PowerPoint and Word.
  • Excellent communication skills, both verbal and written, to effectively convey complex information to stakeholders.
  • Basic analytical skills for pricing, risk assessment, and transaction structuring, with a focus on reducing power costs for data centers.
  • Flexibility to work 12-hour rotating shifts in a 24/7/365 operation, including weekends and holidays as required.
Why IREN?
  • Join a forward-thinking company at the intersection of data center innovation and energy management.
  • Work in one of the most dynamic and competitive energy markets in the world.
  • Competitive compensation package and benefits.
  • IREN is committed to diversity and inclusion and is an equal opportunity employer.
The IREN Package:
  • Short-term and Long-term Incentive Programs
  • Extended Health and Dental Benefits
  • 2 weeks paid vacation

IREN is an equal opportunity employer that is committed to creating an inclusive workplace. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, genetic information, national origin, disability, veteran status, and other legally protected characteristics.



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