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REC Trader

New York, United States

REC Trader
$200000 - $250000 per annum, Benefits: Target Commission of $450k

Seeking a talented REC Trader to join an energy retail partner and wholesale commodity trader that:
  • Supply 1.8 terrawatt hours of electricity to more than 2.5K customers
  • Provide structured route-to-market services to a range of ESCOS and trade power, gas, capacity and renewables on the wholesale market
  • Sell power across the Northeast deregulated markets
  • Is fully active in NYISO and PJM and more recently NE-ISO and Texas (ERCOT)
  • They offer fully collateralized wholesale power, gas, capacity, renewable energy certificate (REC) trading and risk management capabilities.

 As a Renewables Trader your Primary Responsibilities will be: 
  • Trading Renewable Energy Certificates and Carbon Credits across the U.S.
  • Working your own book, and growing the PnL.
    • In a year you will be generating own PnL and PPA activity: Target for 2024 would be a minimum of $5M
    • You make 10% of book value after costs, so your commission in the first year should be at least $450K
  • Buying from power generators. The role is generally around risk managing retail and generating a profit. 
  • Risk management on the production side is growing
    • You'll have acces to state-of-the-art software that has slick risk management tools for RECs
Seeking Someone who:
  • Has experience trading certificates – That could be Renewable Energy Certificates, emissions or carbon credits
  • Has traded Certificates for Profit. 
  • Is a natural Relationship Builder. 
    • You'll be networking and building relationships with Brokers, Originators and Plant Owners. 
      • You'll actively acquire leads from them – then you manage the trades and the position overall. 
  • Is fluent in compliance and risk concepts. 

If the above sounds like a good fit for you, please reach out to ryan.moore@jdrossenergy.com or call 332-237-7915

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