LS Power Development, LLC

PJM/MISO Trader

Job Locations US-NY-New York | US-NY-New York
ID
2025-1708
Category
Clearlight Energy
Type
Full Time

Overview

About us:

Clearlight Energy, an LS Power company established in 2025, operates more than 3,000 MW across 44 assets consisting of utility scale solar, wind, battery storage and renewable natural gas in North America. Approximately 2,700 MW of its operations are located in the U.S., across NYISO, MISO, PJM, ERCOT and CAISO markets, with the remaining 300 MW located in Canada. The Company is headquartered in Oakville, Ontario with employees in both Canada and the United States.

 

Clearlight Energy focuses on providing operational excellence to supply critical energy capacity and meet growing demand. Additionally, it has a 1,200 MW development pipeline of additional renewable resources to support grid reliability and decarbonization.

 

Compensation

The salary for this role is $180,000 - $200,000. This is the range that we in good faith anticipate relying on when setting wages for this position. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in New York.  This salary range may also be modified in the future.

 

About the Role:

This position will focus on energy markets, with specific interest in PJM and MISO market. You will utilize quantitative skills, a combination of tools, and market knowledge to collect and analyze market data, supporting your hedge strategies recommendations and execution. You will actively manage positions stemming from a portfolio of assets like solar and wind; optimizing and hedging risks such as intermittency, congestion, and DART spreads.

Responsibilities

What you will do…

  • Apply quantitative analysis to understand market dynamics and make data-driven decisions, using a plethora of sources such as weather forecasts, ISO data, asset specific info, PPA conditions, etc.
  • Actively manage volumetric, congestion and DART exposures, using market instruments such as outright power, FTRs/PTPs, virtuals, options.
  • Analyze and recommend the best strategies around capacity auctions in PJM and MISO.
  • Co-develop tools and integrated systems supporting the trading activity, such as stack models, bidding tools, dashboards.
  • Track market dynamics, following fundamentals, trends, regulatory updates.
  • Maintain close interaction with operational teams, collecting real-time asset insights and proving them with market info to base operational decisions (e.g., maintenances, LD estimates, etc.).
  • Present hedge strategies (and their results) to executive committees and broader groups, (e.g., including teams such as finance, operations, legal, asset managers, etc.).
  • Collaborate with trading teams across the organization sharing and aligning market insights and views.

Qualifications

We want you on our team because you…

  • Have a strong understanding of PJM and MISO (additional knowledge in ERCOT is not required but appreciated), with hands-on experience or interest in these regions.
  • Have experience transacting in PJM and MISO (additional ISO also a plus), especially in short- and medium-term markets, with instruments such as dailies, weeklies, virtuals, CRRs and PTPs.
  • Are skilled in quantitative analysis and can apply those skills in a market context.
  • Have a passion for the energy market, particularly in renewable sources like solar and wind, as well as storage technologies.
  • Can keep track of market trends, fundamentals, and regulatory changes in PJM (such as changes in market design and the capacity auctions) and interpret their impacts in the overall market conditions.

 

Ideally, you also have…

  • Direct knowledge of how to manage or optimize energy assets like solar, wind, battery storage, or thermal plants.
  • Good understanding in risk management, usual metrics and thresholds.
  • Proficiency handling complex data sets, using tools such as Excel and Pyhton (SQL queries is a plus).

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed