Offer details

Short-Term Power Market Analyst F/H (2023-90703)

Posted on 06/11/2023

EDF Trading Main characteristics of the job offer
Contract type:
Permanent contract
Level of education:
Master, DEA, DESS
Experience:
Beginner
Specializations:
Energy Optimization and Trading
Country / Region:
United Kingdom
City:
London

Description of the offer

Company information:

see https://www.edftrading.com/about/business-overview 

Department: Short Term Analytics

The Short-Term Analytical Team is an operational team with the following structure:

  • 6 market analysts and a manager supporting the French Desk on weekdays:
    • 3 analysts are working on Intraday horizon in Paris
    • 3 analysts are working on Day Ahead and Week Ahead horizons in London
    • The analysts on shift analyse the whole European electricity system in order to support the desks for price forecasting and the trading strategy
  • 7 analysts, a deputy and a manager dedicated to the optimization of the EDF portfolio on Day Ahead and Week Ahead horizon.
    • These analysts are working 7/7 in Paris.
    • The analyst on shift models the available flexibility of the EDF system and translates it into EPEX orders to realise an economically efficient optimisation on the Day Ahead electricity market
  • The Analytics Engineering Manager, an Optimization Analyst, and a software engineer

Position purpose

The role is based in London. In order for EDF Trading to maximise the return from the month-ahead to day-ahead wholesale power markets, either from EDF generation assets or through proprietary trading, the traders require detailed, commercially focussed analysis produced on a timely basis.

In the front office, working closely with both the STAT analysts in Paris and the power traders in London, the Short-Term Power Market Analyst has a dual role covering both operational and development duties.


Main Operational Responsibilities

Market Analysis: provide data analytics to the desk, support the French Desk for the price forecast and trading strategy

EDF system risk analysis:

  • Follow the DA and WA shifts

  • Communicate time critical information to the traders in London

  • Ensure compliance with regulatory requirements, including REMIT, through the consistent application of defined processes.

Main Development/Modelling Responsibilities

The short-term power market analyst is responsible of the whole life cycle of an application or a model: from the research/design to the development/implementation and the maintenance

Example of models/applications/solutions:

  • Fundamental and statistical models to better anticipate market behaviour and improve price forecasting models. All components of the market could be addressed like load forecast, competitors’ orders, availabilities, etc...
  • Automation of workflows
  • Data visualisation via powerBI or web applications

Desired profile

Experience required
 

Ability to work under pressure, timeliness, accuracy and the ability to understand the wider commercial implications of the work are critical to being successful in this position.

The analyst will use his/her expertise to support the short-term power traders while at the same time ensuring an effective operational relationship with the asset managers at EDF. He/she will be expected to take the initiative to continuously improve existing processes, tools and models with the aim of improving the overall management of the EDF portfolio and wholesale market positions.

 

Technical requirements

  • Fluent in French & English

  • Educated to master’s degree level, preferably with a high statistics or mathematics component

  • Experience of building/developing stochastic or deterministic optimisation procedures/models

  • Must demonstrate strength in Data science, Python (Api, Data management, statistical modelling), Web development (javascript), Source code management (Git)

Person specification

As well as having strong analytical skills, attention to detail and enthusiasm the candidate needs to have a commercial approach to his/her duties. Similarly, a flexible approach to problem solving and the ability to work under pressure are essential.

Applicants for the role will also be expected to have strong communications skills with the confidence to work effectively with both power traders and asset managers.

 

These offers might interest you:

EDF Trading
  • Permanent contract

  • France

  • 1 place pleyel, Paris (75)

  • Trading