Global Energy Management Lead - ERCOT and SPP

EDP Renewables is a global leader in the renewable energy sector and the fourth-largest wind energy producer. With a sound development pipeline, first-class assets, and market-leading operating capacity, EDPR is currently present in 28 markets and part of EDP, a global energy group with a particular emphasis on renewable energies. With more than 45 years of experience, we are committed to being all-green by 2030, leading the energy transition.

About the role

The Global Energy Management team at EDP Renewables North America is seeking a highly motivated professional to lead short- and medium-term asset optimization for its ERCOT and SPP growing portfolio of renewable assets. You will develop and implement power scheduling and hedging strategies to maximize the value of EDPR NA merchant position in the wholesale electricity markets while adhering to risk policies and regulatory requirements.

Responsibilities

• Develop and implement robust power scheduling and trading strategies aimed at optimizing EDP’s portfolio of renewable assets within NA wholesale power markets, specifically in ERCOT and SPP.
• Develop and manage hedging strategies for wholesale electricity prices and locational basis, ensuring effective management of EDP risks and positions within the power markets.
• Responsible for day-ahead scheduling activities, power hedges execution, and basis hedges procurement (CRRs/TCRs).
• Optimize EDP’s merchant portfolio, ensuring alignment with company’s Energy Management goals.
• Develop and implement proprietary trading strategies including virtuals, power futures, and FTRs.
• Monitor and analyze power market trends, regulatory changes, and other factors affecting prices and risk, recommending strategies to maximize the portfolio value.
• Work closely with risk and compliance teams to ensure proper monitoring of exposure, compliance with internal risk policies, and adherence to regulatory and legal requirements in the power markets.
• Monitor and report on the performance of the company’s portfolio and related books, including proprietary trading.
• Leverage data analytics and technology to enhance trading performance and streamline operations.
• Support the structuring and execution of short-medium term Power Purchase Agreements.
• Foster collaboration with internal departments (e.g., Risk, Asset Operations) and maintain relationships with external stakeholders (e.g., market participants, ISOs/RTOs).
• Work as part of a team, participating in special projects/duties as assigned by team leader.

Requirements

• Bachelor’s degree in Economics, Finance, Mathematics, Engineering or other STEM fields; Graduate studies are a plus.
• Minimum 6+ years of experience and proven track record in power scheduling, trading/hedging, and basis management in ERCOT and SPP.
• Hands-on experience structuring and negotiating short-term off-take agreements for wholesale power and related products.
• Knowledge of North America power markets related commercial software/applications (e.g. YES Energy, Enverus, Genscape).
• Proficient knowledge of Microsoft Office software, particularly Excel. Understanding of complementing products preferred (e.g. Power BI).
• Ability to manage multiple projects under tight deadlines in a fast-paced environment.

Skills

• Excellent analytical problem-solving and strong communication skills.
• Curious and eager to learn, genuinely kind and optimistic, with excellent attention to detail.
• Ability to work in a collaborative environment where teamwork and independent work ethic are essential.
• Strong organizational skills including the ability to organize and maintain a fluid administrative process.
• Statistical and analytical skills for evaluating supplier proposals and pricing.
• Proven ability to quickly learn new software programs.
• Excellent time-management skills and efficiency in managing multi-disciplinary tasks.
• Exemplary standards of integrity, honor, safety, management, ethics, quality, and productivity.
• Strong leadership and accountability.

Location

Houston, TX (Hybrid: 3 days in office, 2 days remote)

Travel

0% - 10%

Benefits

• Empower employees through a positive and innovative work environment that promotes collaboration and agile decision-making.
• Respect and value each person, providing a flexible, healthy, and inclusive workplace with a range of attractive benefits.
• Provide a meaningful work experience and prepare employees for future challenges through different opportunities for development and internal mobility.

Our efforts have resulted in several distinctions, including Top Employer certification by Top Employers Institute, inclusion in the Bloomberg Gender-Equality Index, global certification as a family-responsible company by Fundación Másfamília, and recognition as one of the Top 100 Workplaces by Houston Chronicle.