Energy Portfolio Analyst, ESB Trading

at  ESB

Vacancy Number: 26220
Trading
Job Type: Full-time
ESB is a purpose led company striving to create a brighter future for the customers and communities we serve, leading the transition to reliable, affordable, low-carbon energy. Today, we operate one of the most progressive electricity systems in the world, with activities spanning electricity generation, transmission, distribution and supply in Ireland, Northern Ireland and Great Britain, and an international energy consulting business.
With almost 8,000 employees we invested €1bn in infrastructure last year, contributed over €2bn to the economies we operate in and distributed over €2m across a range of community initiatives. This requires us to bring the best of our capabilities together to deliver innovative and value-driven solutions that enable our customers to live low-carbon lives. ESB strives to foster an effective and inclusive culture where people engage, challenge and feel connected to our purpose, colleagues, customers and community.

POSITION DESCRIPTION

ESB Trading delivers optimisation, risk management and wholesale market access to ESB’s Generation portfolio and to its third-party customers. Trading plays a critical role in delivering value to ESB through management of its generation and supply business in ISEM and GB. Trading is organised into the Front, Middle and Back Office areas, supported by Modelling, IT and Finance.
The Portfolio Optimisation and Renewable Origination team is a key part of Trading’s Front office area. One area the team is responsible for is optimising revenue streams from our generation portfolio which involves dynamically trading the output of the assets typically from one month out to three years. Central to this is devising hedging strategies, pricing power products, and maximising value from the Capacity Auctions with the ISEM and GB markets.
In addition, responsibility for the delivery of value through opportunities with renewable assets (both internally and externally), the origination of PPA contracts and other commercial arrangements lies within this team. Maintaining commercial relationships internally with ESB and externally with counterparties around the renewable and thermal portfolios is a key focus at the heart of this team.
The successful candidate will support the implementation and delivery of trading strategies and capacity market participation for all ESB’s Generation assets in ISEM and GB.
Additionally, the Portfolio Analyst role involves providing analysis to support day to day decision making, collaborating with members of the Portfolio team and stakeholders in Trading and the wider ESB organisation.

The key responsibilities include the following:

• Analysing and preparing data to support decisions around hedging Gas, Power and Carbon within an agreed risk management framework.
• Hedging ISEM power through trading on the OTC, directed contracts and selling power to Electric Ireland.
• Delivering the Carbon position management process for the ESB portfolio.
• Managing the FX exposure resulting from trading activities.
• Supporting the Capacity operational process for the existing ISEM and GB portfolio.
• Performing regular analysis on the performance of the portfolio to provide information for key management reports.
• Ensuring key process documentation and controls are kept relevant and reviewed regularly.
• Carrying out testing of trading and fuel pricing systems where required.
• Operating within the overall risk framework and associated governance documents
• Gaining a good understanding of the energy markets across ISEM and GB and using this knowledge to enhance day to day activities and analysis.
• Support and champion the values and cultural attributes of ESB through open communication, team-working and innovation.