Energy Commercial Analyst

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 be responsible for supporting senior team members responsible for expanding ESB’s renewables portfolio and supporting contract negotiations by analysing and understanding commercial positions, identifying potential opportunities, executing new and bespoke commercial arrangements for both the renewable and thermal assets and optimising the terms of current contracts.

Key Responsibilities

The key responsibilities include the following:

• Support the lead originator in developing commercial strategies for the route to market PPA sector.
• Supporting the identification for new offtake opportunities through competitive solicitations and bilateral discussions in the renewable sector in GB and Ireland.
• Analysing, and assessing the commercial value and risks associated with renewable portfolio opportunities, PPA agreements and other ancillary or services as they arise.
• Identifying and supporting the development of new and bespoke contractual. arrangements for un-subsidised renewable assets and route to market opportunities
• Delivering excellence in contract management approach and negotiation, and ensuring all key internal approvals are managed.
• Reporting and analysing on the performance of existing renewable commercial contracts and other agreements with a particular focus on the performance of the wind and solar contracts in the prompt markets.
• Collaborating across multiple teams within ESB Trading to support the setup and delivery of agreed contract terms from prompt trading through to the settlement teams.
• Working closely with the Modelling and Prompt Trading teams to support the maximisation of value from the route to market PPAs.
• Keeping abreast of changes in the energy markets and support schemes for renewable energy technologies
• Building and maintaining strong internal and external stakeholder relationships.

Experience and Qualifications

Essential

• At least 5 years relevant work experience is required, preferably in the energy trading sector. 
• It is expected that the successful candidate will possess a Bachelor’s Degree or higher in business, engineering, sustainability, finance, or a related field or equivalent work experience.
• Ability to model, forecast and analyse potential commercial value, prices and risks for a range of contract types and options.

• Have strong written, verbal communication and reporting skills.
• Excellent stakeholder management.

Desirable

• Self-starter who is capable of involvement in negotiations and representing ESB Trading’s position in a commercially sensitive environment.
• Depth of relevant experience (Energy Markets, Financial Services, Contract Management)
• Understanding and knowledge of Energy Trading in both the GB and ISEM
• Ability to work on their own initiative.
• Be enthusiastic and display excellent interpersonal skills.
• A strong numeric and analytical background with excellent attention to detail. 

Location

This position is based in 27 Lower Fitzwilliam Street, Dublin, D02 KT92. This role may entail business travel.

ESB is committed to smart working – combining digital tools with a culture of trust and empowerment to enable flexible ways of working. The successful candidate may work flexibly within their jurisdiction with attendance at the workplace for in-person collaboration on at least one anchor day per week. All smart working arrangements are subject to manager approval and ongoing review, based on the operational requirements of the role, the team, and the individual.

Reporting To

The successful candidate will report to Portfolio Optimisation Manager in ESB Trading. 

Why Work with Us?

• Opportunity to lead Ireland’s transition to net zero carbon future
• Progressive, hybrid working model
• Career development through mentoring and training 
• Corporate Social Responsibility Opportunities
• Sports and Social Clubs
• Networking opportunities
• Credit Union
• Generous Pension
• Access to staff well-being programmes
• Generous parental leave entitlements
• Strong values-based and inclusive culture
• Strong commitment to diversity, equity and inclusion
• Great team environment working to our Core Values: Courageous, Caring, Driven and Trusted

Salary

€57,950 to €68,150 per annum

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