REC Trader

New York, United States

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

• 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.

• 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

• 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.