Intraday Power Trader (with initial focus on battery optimisation)
Intraday Power Trader (with initial focus on battery optimisation)
Posted on :
05-05-2025
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1 Vacancy
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Job Description
At Octopus Energy Trading were on a mission to reshape the future of energy. Were creating an innovative approach to trading that will accelerate the transition to a Net Zero world. With the growth of renewables and a push toward decarbonising heating and transport greater flexibility in the grid is essential. We are building cuttingedge technology to optimise everything from domestic EV charging to gridscale batteries to meet the global demand for energy flexibility.
Were doing unconventional things and to be successful we need a team of unconventional traders. This is a brand new venture within Octopus Energy Group and we have a blank canvas to create a diverse and talented team of market experts that will really push to find new ways of improving market efficiency and decarbonising the grid.
As innovators at the forefront of the energy transition our trading team is addressing the unique challenges and volatility of a renewablesbased power sector. This is an exciting opportunity to join a highimpact venture where youll play a key role in driving Octopus growth within the dynamic energy market.
About the role:
Were looking for an agile Intraday Power Trader ready to try their hand in several areas. The initial focus will be leading on the optimisation of our GB battery fleet (currently 600MW in size) including dayahead and intraday trading entry into the balancing mechanism and participation in the various frequency and reserve schemes. Wed expect to lean on the human experience to build multiple automations and as this frees up time the focus will start to shift. This could be building battery trading functions in other European countries trading interconnection or looking at other GB opportunities (eg new algorithms).
You will be a key member of the team that develops transformational solutions and rapidly implements these to meet the urgent and global need for energy flexibility.
Team culture and vision are so important to us heres what the team has to say
Celyn Simmonds Octopus Energy Trading is a new function within the Octopus Group that is tasked with managing all the Groups short term trading responsibilities. Well be building a 24 hour shift desk supported by world class developers in order to optimise our flex assets (think batteries EVs heat pumps..) retail and renewable energy portfolio as well as taking speculative positions. Were a small dedicated function who work fast dynamically and look out for each other; its a startup atmosphere with the benefits of the resources of a larger company.
Alissa Tripp Working in the Octopus trading team has been a fantastic experience its a space where innovation and teamwork create tangible impact and it is a very collaborative environment to operate in. Being part of such a dynamic team has definitely pushed me to grow in ways I hadnt expected.
If youre a passionate and driven individual with a proven track record in GB Power trading and operation we encourage you to apply.
What Youll Do Initially...
- Manage the day to day trading decisions for our GB battery portfolio
- Receive and agree outage requests and amend trading schedules accordingly
- Provide detailed understanding of trading markets balancing mechanism and other ancillary schemes to make smart and flexible decisions on where to deploy the assets
- Have a strong understanding or relevant regulation (in particular TCLC) to ensure we remain compliant
- Work with and make recommendations to our developers around value adding areas of tooling and automation (in particular to confidently ensure that the batteries are performing out of working hours)
- Report on performance against varying benchmarks (we also like to compare battery performance against the imbalance exposure on our retail and generation books the batteries provide a helpful hedge)
- Remain up to date on new schemes and opportunities
What Youll Do Once time is freed from developing sufficient battery trading automation!
- Look for new areas to value add using prompt power trading
- This could include setting up battery trading in other international regions (Octopus has retail presence in France Germany Spain Italy US and New Zealand and is interested in batteries in all these markets) or setting up other trading activity (potentially including but not limited to interconnection and new algorithms)
- We would anticipate opportunities to be a combination of business driven (eg were signing a battery contract in X) and entrepreneurial (eg you see and can demonstrate value in trading a new product)
- Depending on the product these are likely to start off with light touch manual trading to prove the concept. As it evolves you will work with our developers and data scientists to build trading tools and automations
What Youll Need
- Experience in Power Trading or similar field ideally with experience trading batteries in GB
- A passion for the challenge of decarbonisation and grid flexibility as the enabler for it
- Ability to synthesise numerical information and make informed decisions quickly
- Understanding of the fundamental drivers of the spot power market
- Ability to use Python to pull and analyse data would be beneficial but nonessential
- Motivation to succeed in a fast paced and competitive market
- An ability to maintain continued attention to the market even in times of low market volatility
If this sounds like you then wed love to hear from you.
Are you ready for a career with us We want to ensure you have all the tools and environment you need to unleash your any specific accommodationsWhether you require specific accommodations or have a unique preference let us know and well do what we can to customise your interview process for comfort and maximum magic!
Studies have shown that some groups of people like women are less likely to apply to a role unless they meet 100% of the job requirements. Whoever you are if you like one of our jobs we encourage you to apply as you might just be the candidate we hire. Across Octopus were looking for genuinely decent people who are honest and empathetic. Our people are our strongest asset and the unique skills and perspectives people bring to the team are the driving force of our success. As an equal opportunity employer we do not discriminate on the basis of any protected attribute. Our commitment is to provide equal opportunities an inclusive work environment and fairness for everyone.
Employment Type
Full-Time
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