Market Operations Associate/Sr. Associate

At Repsol, we are committed to equality and do not request personal information.

Company Profile:

Repsol is a globally integrated multi-energy company headquartered in Madrid, Spain. With a team of 25,000 employees across more than 20 countries, we proudly serve 24 million customers worldwide. Our diversified renewable energy portfolio totals nearly 3,700 MW of installed capacity, with a strong presence in Spain, the United States, and Chile.

As part of our commitment to a more sustainable future, low-emissions generation is at the core of our strategy to achieve net-zero emissions by 2050. Repsol Renewables North America (RRSNA) plays a key role in this vision, with aims to increase generation capacity to between 9,000 MW and 10,000 MW by 2027.

We are driven by innovation, collaboration, and purpose. Repsol offers a comprehensive Employee Value Proposition (EVP), including a holistic Total Rewards program that supports the wellbeing, growth, and contributions of our people. Join us in shaping the future of energy.

Job Summary

The Power Market Associate/Sr. Associate will support Repsol’s short-term portfolio for ERCOT and future ISOs/RTOs markets, load forecasts, protocols for daily position reporting and management. Supports the hedging and optimization of Repsol’s portfolio in ERCOT and other ISOs/RTOs. Supports and improves the “top-down” forecasting methodology, risk strategy through scenario analysis, and valuing associated hedges to deliver design margin on the renewable’s portfolio. Supports Repsol’s operating portfolio with scheduling and dispatching activities inside ISOs/RTOs (mainly ERCOT).

The position is based in Downtown Houston with a hybrid work model of 3 days in the office and 2 days from home.

Responsibilities:

• Supports the analysis of the ERCOT wholesale market, as well as other ISOs/RTOs.
• Supports the energy sale strategy in the ERCOT wholesale market for both the Day-Ahead Market and the Real-Time Market.
• Supports the scheduling and dispatching of the assets in operation in ERCOT, as well as other ISOs/RTOs at which Repsol may have assets in operation in the future.
• Constantly develops the skill and knowledge of ERCOT procedures and business functions related to the CRR program and other ERCOT operations.
• With guidance from senior team members and/or management, executes the acquisition of CRRs thru auctions and trades.
• Generates and maintains market reports per requests and internal processes.
• Analyzes and creates new solutions for data acquisition and reporting.
• Supports the reporting procedures on market fundamentals, portfolio positions, profit & loss, and gross margin impact for Senior Management and other areas of the company
• With guidance from senior team members and/or management, assists in addressing questions from the rest of the areas of the company pertaining to the daily and real-time markets, grid operations activities, and CRR processes.
• Escalates issues to the Supervisor and/or Manager in a timely manner when necessary.
• Develops strong working relationships with other internal departments and external service providers.
• Supports the testing and validation changes to the applications used by the team to perform energy sale in the different markets and CRR auction activity.
• Performs analysis and programming thru different tools when needed (Excel, Visual Basic, Matlab/R/Python).
• Rotational weekend shifts (1-2 hours)

Qualifications:

• Must have legal authorization to work in the USA on a full-time basis, for anyone other than current employer.
• Bachelor’s degree in engineering, business or other relevant field of study required.
• 2-5 years previous experience in Market Operations, Power Scheduling/Dispatching, and/or Trading in ERCOT power markets and/or other ISOs/RTOs.
• Must be self-motivated and be capable of setting and executing strategy to accomplish given goals.
• Works independently and escalates issues to the Supervisor and/or Manager in a timely manner when necessary.
• Develops strong working relationships with other internal departments.

Repsol is an Equal Opportunity Employer M/F/Disability/Veteran

Required skills: