Energy Trader

Meralco PowerGen (MGEN) is hiring an Energy Trader in Pasig, Metro Manila. The role involves overseeing market trading operations, ensuring compliance with regulations, and optimizing energy transactions. Candidates should have a degree in Engineering, Mathematics, or Economics, with at least 5 years of experience in energy trading. Proficiency in trading platforms and strong analytical skills are essential. This is a full-time position with no indication of remote work.
Overview:
We are seeking a highly analytical and detail-oriented Energy Trader to oversee 24/7 market trading operations, ensure compliance with trading platforms, and optimize energy transactions. The ideal candidate will have a deep understanding of the Wholesale Electricity Spot Market (WESM), ancillary services, and regulatory compliance while leveraging data-driven analysis and technical tools to evaluate market trends and maximize trading performance.


Key Responsibilities:
Market Operations & Trading Execution


Manage real-time market inputs and submissions across multiple trading platforms, including NMMS, NGCP AS Web System, CPEMS, CRSS, and PREM.Coordinate with internal teams (Plant Operations, TSD, FMD) and external entities (IEMOP, NGCP, and other trading counterparts) to optimize plant dispatch and operations.Monitor and analyze market conditions, price movements, and competitor activities to inform trading decisions.Implement real-time trading strategies to optimize portfolio performance and ensure profitability.
Regulatory Compliance & Risk Management


Ensure compliance with WESM rules, ERC regulations, and market operations protocols.Prepare justifications and documentation for submission to WESM Enforcement Officers and Compliance Officers.Ensure conformance to Power Supply Agreements, Retail Electricity Supply Contracts, and Ancillary Services Procurement Agreements.
Market Evaluation & Strategy Development


Conduct data-driven market analysis to identify opportunities for optimizing energy trading and ancillary services.Monitor and evaluate competitor bids, WESM energy prices, and reserve market trends.Develop and refine trading models, forecasts, and risk assessment methodologies.
Commercial Operations & Emerging Technologies


Assess the technical and financial performance of conventional and renewable energy assets, including coal, diesel, solar, wind, and battery storage technologies.Support the integration of new energy technologies into the trading portfolio.
Qualifications & Experience:


Bachelor’s degree in Engineering, Mathematics, Economics, or related fields.Professional Engineering licensure (or equivalent certification for non-PRC regulated professions).Minimum of 5 years’ experience in energy trading, trading analytics, or market operations.Strong knowledge of the Philippine electricity market, WESM Rules, ERC regulations, and retail competition frameworks.Hands-on experience with energy management systems and trading platforms.Proficiency in technical and commercial modeling tools (e.g., PLEXOS, I-Pool, PSSE, R, Python, MATLAB).Strong analytical, problem-solving, and decision-making skills.Excellent communication and stakeholder management abilities.