Pricing Manager – European Power MarketsAbout ElectroRoute
Our vision is to make net zero a reality by solving the commercial mechanics
of a decarbonised energy system.
ElectroRoute is an international, renewables focused, energy trading and services company. The company has grown rapidly from a start-up in 2011 to now employing over 130 professionals based in Ireland, the UK, Europe, and Japan. ElectroRoute is a subsidiary of the Japanese trading house, Mitsubishi Corporation.
ElectroRoute intelligently leverages the benefits of new technologies, our advanced methodologies, and the application of unrivalled expertise to develop innovative energy trading and renewable risk management solutions. These mitigate the factors which impede clean energy investment and help make net zero a reality.
Our expert trading team operates 24x7 in Ireland, the UK, across Continental Europe and in Japan; utilising our bespoke trading platform, ElectroRoute CORE to provide essential trading services to wind farms, solar farms, and batteries. With over 3GW of assets under contract, ElectroRoute is growing rapidly across all asset classes.
Our ambitious growth plans will see us increasing the volume and variety of our activities over the coming years, requiring growth in the strength and depth of our team to help us make net zero a reality. A particular focus for growth currently is the structuring competitive terms to develop contracting throughout Ireland, Great Britain and extending further Europe.
The Position
To achieve its ambitions, ElectroRoute wishes to continue to grow its high calibre team and is currently seeking a talented Pricing Analyst, reporting to the Pricing Manager
The Pricing Analyst will join the Middle Office Pricing team to structure and value a wide range of prospective energy contracts in Ireland/GB/Europe. This includes – but is not limited to – wind/solar route to market agreements (RtMs), fixed-priced power purchase agreements (PPAs), and battery energy storage system (BESS) floor and toll structures.
The candidate will utilise their experience to support the development of pricing and commercial structures while also featuring prominently in the growth of the origination business into new markets.
The Role
The Pricing Analyst will work closely with colleagues in origination, trading and analytics across offices in Ireland and GB regarding the development of products and offerings.
The candidate’s activities will include
- Developing and improving pricing and valuation models for a variety of contract structures – regularly testing resulting prices against market outcomes
- Conducting in-depth analysis of power, gas, and carbon markets
- Monitoring electricity price fundamentals and regulatory developments, assessing their impact on pricing strategies
- Contribute to the development of existing PLEXOS models to simulate Ireland/GB market pricing and dispatch. Help build models for new markets.
- Application of advanced modelling to support BESS valuation and optimisation
- Work with Origination, Trading and Analytics teams to ensure a portfolio-based approach to risk-adjusted pricing
- Routinely present comprehensive reports and insights to senior management
- Automate routine tasks, via Python or Excel.
Role Requirements
- 3+ years energy market experience in a pricing, trading or analytics role[BK1]
- An understanding of the operation of electricity systems and energy market rules
- Ability to manage multiple competing deliveries – and frequently changing commercial priorities – whilst ensuring the accuracy of all output.
- Experience using Excel, SQL, and Python to perform time series analysis on large datasets.
Desired Skills
- Direct experience in a renewable pricing role, including Route to Market agreements, PPAs, or BESS Floors – ideally in the German or other EU market.
- An understanding of physical parameters of wind, solar, and battery assets, and how those parameters impact contract pricing for trading offtakes.
- Experience in developing/maintaining dispatch models (preferably PLEXOS).
- Experience building and maintaining a shared library of Python code.
- Knowledge of risk metrics or familiarity with concepts of risk assessment
Location
Dublin or London, with up to two WFH days per week
Diversity & Inclusion
ElectroRoute is an equal opportunity employer. We aim to create value through diversity and inclusion. We seek to attract candidates to reflect the diverse nature of our society. Diversity and inclusion allow the ElectroRoute team to be curious, creative, and promote positive change. We understand the many demands on all our employees, and we adopt flexible working arrangements where possible. Working at ElectroRoute offers something special for everyone.
Job Types: Full-time, Permanent
Additional pay:
- Bonus pay
Benefits:
- Bike to work scheme
- Company events
- Company pension
- Employee assistance program
- Private medical insurance
- Sick pay
- Work from home
Schedule:
- Monday to Friday
Experience:
- energy market in renewable pricing: 5 years (required)
Work authorisation:
- Ireland (required)
Work Location: In person