Market Operations Associate/Sr. Associate

Company Profile:

Repsol is one of the world’s leading multi-energy providers, headquartered in Madrid, Spain. Our objective is to advance in the energy transition and reduce the emissions of our operations and products in line with the goals set out by the Paris Agreement. The low-emissions generation business is one of the pillars of our strategy to be a net-zero emissions company by 2050, targeting low-emission generation capacity to reach 6GW by 2025 and 20GW by 2030.

In the summer of 2021, Repsol expanded its renewables operations to the US through the 40% acquisition of a large U.S.-based PV solar and battery storage project developer. Through this acquisition, Repsol has secured access to a significant renewable asset development pipeline. We are currently building a renewables portfolio of around 6 GW by 2030. We are looking for great talent to join our dynamic team and become part of Repsol Renewables NA success story.

Job Summary

The Power Market Associate/Sr. Associate will support Repsol’s short-term portfolio for ERCOT and future ISOs/RTOs markets, load forecasts, protocols for daily position reporting and management. Supports the hedging and optimization of Repsol’s portfolio in ERCOT and other ISOs/RTOs. Supports and improves the “top-down” forecasting methodology, risk strategy through scenario analysis, and valuing associated hedges to deliver design margin on the renewable’s portfolio. Supports Repsol’s operating portfolio with scheduling and dispatching activities inside ISOs/RTOs (mainly ERCOT).

The position is based in Downtown Houston with a hybrid work model of 3 days in the office and 2 days from home.

Responsibilities:

• Supports the analysis of the ERCOT wholesale market, as well as other ISOs/RTOs.
• Supports the energy sale strategy in the ERCOT wholesale market for both the Day-Ahead Market and the Real-Time Market.
• Supports the scheduling and dispatching of the assets in operation in ERCOT, as well as other ISOs/RTOs at which Repsol may have assets in operation in the future.
• Constantly develops the skill and knowledge of ERCOT procedures and business functions related to the CRR program and other ERCOT operations.
• With guidance from senior team members and/or management, executes the acquisition of CRRs thru auctions and trades.
• Generates and maintains market reports per requests and internal processes.
• Analyzes and creates new solutions for data acquisition and reporting.
• Supports the reporting procedures on market fundamentals, portfolio positions, profit & loss, and gross margin impact for Senior Management and other areas of the company
• With guidance from senior team members and/or management, assists in addressing questions from the rest of the areas of the company pertaining to the daily and real-time markets, grid operations activities, and CRR processes.
• Escalates issues to the Supervisor and/or Manager in a timely manner when necessary.
• Develops strong working relationships with other internal departments and external service providers.
• Supports the testing and validation changes to the applications used by the team to perform energy sale in the different markets and CRR auction activity.
• Performs analysis and programming thru different tools when needed (Excel, Visual Basic, Matlab/R/Python).
• Rotational weekend shifts (1-2 hours)
  
  
  

Qualifications:

• Must have legal authorization to work in the USA on a full-time basis, for anyone other than current employer.
• Bachelor’s degree in engineering, business or other relevant field of study required.
• 2-5 years previous experience in Market Operations, Power Scheduling/Dispatching, and/or Trading in ERCOT power markets and/or other ISOs/RTOs.
• Must be self-motivated and be capable of setting and executing strategy to accomplish given goals.
• Works independently and escalates issues to the Supervisor and/or Manager in a timely manner when necessary.
• Develops strong working relationships with other internal departments.
  
  
  

Repsol is an Equal Opportunity Employer M/F/Disability/Veteran