The power grid never sleeps – and neither do power markets. If you’re analytical, data-focused, and excited by deadline-driven decision-making, electricity trading could be an ideal career for you.
Traders play a critical role in the electricity ecosystem, which we discussed in Power Markets 101. While they may not generate or distribute electricity themselves, their work helps ensure that power flows efficiently, reliably, and affordably across the grid.
So, how does power trading work? What does it take to get started? In a fast-paced industry, there are many ways to entry from data analysis (more common) to business (less common). We broke down some of the frequent ones.
Read on to learn the basics and how real-time, day-ahead, and financial transmission rights trading work.
There's no one path to become an energy trader. Discover what this career can involve and the skills, characteristics, and tools that could help you succeed – from programming to learning a second language. Then, explore how to break into the dynamic industry.
A virtual trade is a financial transaction at a nodal location. Dive into the world of day-ahead electricity trading – where market participants forecast demand, submit bids, and shape the next day’s grid operations.
There's more than one type of power trader; let's look at the physical side. Explore the fast-paced world of real-time power markets, where data-driven decisions impact reliability and pricing – minute by minute.
Financial transmission rights (FTR) trading is a key strategy for managing congestion costs in energy markets. Learn how traders use FTRs to hedge risk, improve returns, and navigate the complex world of electricity pricing.