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 Manager, reporting to the Head of Middle Office
The Pricing Manager will take ownership of the pricing function within the Middle Office, leading a team of two analysts to structure and value a wide range of energy contracts across Ireland, GB, and 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.
This role is critical to ElectroRoute’s growth ambitions and need to maximise the company’s return on risk capital. The right candidate can be someone with prior managerial experience or someone looking to advance their career.
The Role
The Pricing Manager will work closely with the Chief Commercial Officer, origination team, and wider analytics function to set pricing priorities
The candidate’s activities will include
- Leading the team in the development, maintenance, and enhancement of historical, Monte-Carlo and fundamental (e.g. PLEXOS) modelling
- Managing and mentoring two pricing analysis, ensuring high-quality output and professional development
- Remaining up to date on market and regulatory changes and assessing their impact on pricing strategies
- Leverage wider analytical function within to company to enhance BESS valuation and optimisation
- Ensure a transparent pricing approach which is consistent with the company’s risk tolerance and commercial priorities
- Routinely present insights to senior management, accepting and delivering challenges to valuation methodology and pricing strategy
Role Requirements
- 5-10 years energy market experience
- Direct experience in a renewable pricing role, including Route to Market agreements and PPAs
- A deep understanding of the operation of electricity systems and energy market rules, with a focus on Ireland, Great Britain and other European systems.
- Ability to manage multiple competing deliveries – and frequently changing commercial priorities – whilst ensuring the accuracy of all output.
- Experience in developing/maintaining dispatch models (preferably PLEXOS).
- Experience using Excel, SQL, and Python to perform time series analysis on large datasets.
Desired Skills
- Experience structuring and pricing BESS toll and/or floor agreements
- Experience pricing RtM agreements in the German market
- A track record of structuring new products or entering new markets
- Experience building and maintaining a shared library of Python code
- Prior experience leading a small team
Remuneration
Competitive package negotiable and commensurate with experience
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
