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Clearway Energy

Develops and operates utility-scale solar, wind

Associate – CRR & FTR Trading - Market Optimization & Trading

Prop & Hedge Fund TradingConfirmed live in the last 24 hours
Full-timeSan Diego, CA, USA

About the Job

Requirements

  • A bachelor's degree in Engineering, Economics, Finance, or a related field.
  • Two to five years of relevant experience, including at least two years directly in power markets.
  • Exposure to ERCOT and CAISO CRR auction tools and to Dayzer, UPLAN, or similar transmission models.
  • Prior experience in energy trading, asset optimization, or market analytics.
  • Ability to build or contribute to power fundamental models for pricing, load, generation, flow, and outages using various methodologies.
  • Working knowledge of ERCOT, CAISO, and PJM market design, CRR/FTR auction processes, transmission planning, and nodal pricing.
  • Proficiency with Excel, PowerPoint, and Power BI.
  • Familiarity with congestion and risk management strategies for renewable and storage assets.
  • Working knowledge of predictive modeling using mathematical and statistical methods to identify, analyze, and mitigate energy market risks, with a foundational understanding of option valuation and Greeks.

Responsibilities

  • Support the development and execution of CRR, FTR, and congestion trading strategies to hedge and optimize portfolio congestion risk across ERCOT, CAISO, and PJM.
  • Analyze historical and forecasted congestion patterns to identify trading opportunities in monthly and annual CRR auctions.
  • Help manage portfolio-level exposure to nodal price risk through CRR/FTR acquisitions, sales, and virtual positions, under the guidance of senior team members.
  • Support the Real-Time and Day-Ahead MOT team with congestion insights and locational pricing forecasts.
  • Collaborate with Market Fundamentals, Asset Management, and Origination to align CRR strategies with commercial hedging and offtake structures.
  • Monitor and report on project-level financial performance tied to congestion costs, basis exposure, and hedge efficiency.
  • Maintain dashboards and reporting tools to track CRR positions, portfolio exposure, and profit and loss attribution.
  • Use power flow and production cost modeling software, such as Dayzer and PROMOD, to help forecast congestion and simulate transmission constraints.
  • Coordinate with Fundamentals and Analytics teams to support modeling of nodal prices, transmission outages, and topology changes.
  • Use programming tools such as Python, R, SQL, and Power BI to automate congestion analytics and support scenario back-testing.
  • Research regulatory filings, transmission plans, and outage schedules to anticipate market shifts.
  • Analyze ERCOT, PJM, and CAISO transmission topology, load growth, and renewable generation trends.
  • Monitor weather, outage, and project interconnection developments that impact congestion patterns.
  • Communicate congestion forecasts and market insights to internal stakeholders, including trading desks and, with guidance, senior management.
  • Support the development of portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and renewable energy certificate prices.
  • Review forward market price volatility curves and correlation assumptions used in stochastic risk modeling.
  • Assist with trading strategy performance benchmarking and the establishment of risk limits.
  • Apply portfolio optimization techniques to inform hedge strategy decisions while balancing the risk-adjusted revenue of renewable assets. Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit and identify risks. Hedging strategies include DART optimization, CRR/FTRs, term hedges, and power purchase agreement transactions.
  • Help ensure CRR/FTR trading activities comply with corporate and project-level risk policies, market rules, and market protocols.
  • Work with Risk, Accounting, and Settlements to reconcile positions, profit and loss, and collateral management.
  • Maintain compliance documentation and participate in periodic audits.
  • Partner with Market Fundamentals, Origination, Development, and Asset Management teams to provide CRR/FTR and congestion analysis for project siting and contracting decisions.
  • Provide market intelligence and analytical support for due diligence on mergers and acquisitions, new developments, and repower evaluations.

Desired Qualifications

  • An advanced degree is preferred.
  • Proficiency in Python, R, or SQL is preferred.
  • Exposure to quantitative libraries, stochastic calculus, or option models for deal valuation is a plus.
  • Familiarity with battery, wind, or solar congestion profiles is a plus.
  • Dayzer experience is a plus.

About the Company

Clearway Energy

Develops and operates utility-scale solar, wind

Clearway Energy Group develops and operates renewable energy projects across the United States, including utility-scale solar and wind farms and community solar programs. It owns, develops, and runs solar and wind facilities, selling the electricity they generate to utilities and other large energy customers through long-term power purchase agreements (PPAs). This provides steady revenue and helps customers transition to clean energy. The company also has a controlling interest in Clearway Energy, Inc., acting as a sponsor that develops projects and provides administrative support. Compared with many competitors, Clearway Energy Group emphasizes owning and operating a large portfolio of projects (over 350) and carefully selecting EPC partners to ensure safety and performance. Its goal is to deliver clean, reliable, and affordable energy while advancing the energy transition for utilities, corporations, and communities.

Company size
501-1,000
Company stage
N/A
Total funding
$1.2B
Headquarters
San Francisco, CA
Founded
2018

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