Senior Power Consultant

Overview

Power cost is the single largest operational variable in Bitcoin mining — typically 60–80% of total site operating expense. Bitdeer operates both self-mining facilities and deploys its own miners at third-party co-location sites under the host's power contracts and demand response programs.

JOB SCOPE

• Day-Ahead / Real-Time Power Scheduling
• Coordinate with the company's REP and QSE in ERCOT, PJM, and other deregulated wholesale markets to execute DA and RT power scheduling aligned to mining load profiles and price forecasts.
• Maintain market pricing, ancillary service markets, demand response products, and settlement statements for cost recovery and continuous optimisation.
• Demand Response Strategy Design, Implement, and Optimise
• Build real-time DR dispatch models aligned to miner curtailment, RT price spikes, grid emergencies, and ancillary service opportunities (RRS, ECRS, NSRS in ERCOT; ELRP, SRM, Economic DR in PJM).
• Coordinate Coincident Peak (4CP) curtailment strategy using available market intelligence; advise site operations on execution timing.
• Report DR performance metrics to management and regulatory bodies; ensure ongoing program compliance.
• Produce DR revenue reports and settlement reconciliations for the management team.
• Hedging & Block Power Strategy
• Develop and execute a forward power hedging framework to reduce exposure to market price volatility.
• Structure block energy purchases (off-peak, on-peak, around-the-clock) calibrated to the company's load shape and budget constraints.
• Provide regular mark-to-market reporting, hedge ratio analysis, and strategy recommendations to leadership.
• Manage financial hedging instruments; prepare cost exposure reports including margin call risk assessments.
• Power Contract Negotiation
• Lead or support negotiations for PPAs, REP contracts, and QSE agreements at self-mining sites — targeting rate structures suited to 24/7 high-density mining loads.
• Review and negotiate power pass-through terms in co-location agreements: energy rate mark-ups, demand charge allocation, ancillary service cost sharing, and curtailment compensation provisions.
• Monitor co-lo power costs and recommend renegotiation or site migration where material savings are achievable.
• Coordinate with legal counsel to finalise contract terms, exit provisions, force majeure clauses, and curtailment rights.
• Regulatory Monitoring & Compliance
• Track and interpret FERC, PUCT, PJM, ERCOT, and state-level regulatory developments affecting wholesale and retail power markets.
• Absorb the impact of regulatory changes on the company's power cost, DR eligibility, curtailment obligations, and market participation rights.
• Market Intelligence & Strategy Reporting
• Maintain real-time market surveillance dashboards covering price forecasts, capacity outlook, fuel indices, and weather-driven volatility.
• Publish monthly and quarterly power market reports for executive leadership with actionable strategy recommendations.
• Revise DR strategies, hedging positions, and contract laddering schedules in response to market evolution.
• Co-Location Power Strategy Evaluation
• Conduct a structured audit of power terms received at each co-location site — including tariff classification, energy pass-through rate, demand charge allocation, and ancillary service cost treatment.
• Evaluate the host's DR program and curtailment protocols; assess how DR dispatch events affect the company's mining uptime and net effective power cost.
• Benchmark the all-in effective power rate at each co-lo site against self-mining alternatives; recommend renegotiation, DR program changes, or load migration with quantified impact on mining economics.
• Financial Modelling & Reporting
• Build financial models to project revenue and cost savings when proposing more cost-efficient power strategies, directly supporting management decision-making.
• Prepare periodic power cost reports (monthly, quarterly, annual) encompassing all sites and operational models.

Experience Required

• Minimum 3 years of direct, hands-on experience at a QSE, power marketing company, IPP, or energy consultancy with QSE-level trading responsibilities.
• Demonstrated track record executing DA and RT scheduling in ERCOT and/or PJM; familiarity with at least one additional ISO/RTO (MISO, SPP, CAISO) is valued.
• Proven ability to design and manage industrial Demand Response programs in deregulated markets, with measurable cost or revenue outcomes.
• Hands-on experience structuring block energy hedges and forward power positions for large industrial or commercial load customers.
• Track record negotiating power supply agreements with demonstrable improvements to contract terms.

Technical Skills

• Proficiency with ERCOT market tools: Nodal protocols, Settlements, MIS portal; and equivalent PJM tools (eSchedules, Market Portal, eMKT).
• Strong financial modelling capability in Excel / Google Sheets; experience with energy-specific platforms (Openlink Endur, Triple Point, or equivalent) is a plus.
• Ability to build and interpret load forecasting models, price curve analytics, and hedging P&L reports.
• Familiarity with SCADA or EMS systems for real-time load visibility is advantageous.

Regulatory & Market Knowledge

• Deep understanding of FERC, NERC, PUCT, and PJM / ERCOT tariff and market rules, including ancillary service and DR program design in both ISOs.
• Awareness of emerging federal and state policy affecting large industrial loads — carbon regulation, transmission cost allocation reform, and distributed energy resource aggregation.
• Familiarity with Bitcoin mining load profiles, hashrate economics, and load shaping strategies is a plus.