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BRL-MKT-02 · Power Trading & Markets
Senior Power Trader, Day-Ahead & Real-Time Markets
Exchanges & Markets Pune (Head Office) · On-site 6–10 years · Senior
The day-ahead and real-time markets set the price of power in India every day. You will trade them for BARREL's portfolio and clients, building bids block by block, managing positions as the day unfolds, and turning forecasts and market insight into margin.
Scope of work
- Prepare and place daily bids in day-ahead and green day-ahead markets for the portfolio and for clients.
- Trade the real-time market across its half-hourly sessions to balance positions and capture price differences.
- Use term-ahead contracts (intraday, day-ahead contingency, daily and weekly) to hedge and fill gaps.
- Manage storage charge and discharge schedules against market prices with the analytics team.
- Monitor transmission congestion, market splitting and price spikes and adjust strategy in time.
- Keep positions, limits and exposure within the risk policy, and escalate any breach immediately.
- Reconcile cleared volumes and obligations with the exchange and the scheduling team.
- Prepare daily trading reports and weekly market commentary for clients and management.
- Mentor junior traders and contribute to desk procedures.
Technical description
- Bidding rules, price ranges and gate closures of DAM, GDAM, HP-DAM and RTM on IEX, PXIL and HPX.
- Term-ahead market products and their use in portfolio balancing.
- 15-minute block scheduling, revisions and the deviation settlement price signals.
- Market clearing, bid areas and the effect of inter-regional transmission constraints on area prices.
- Price and volume forecasting inputs: weather, demand, hydro availability, coal stocks and outages.
- Exchange trading terminals, spreadsheet models and Python or SQL for analysis.
- Margin, collateral and settlement procedures of the exchange clearing.
Commercial description
- Accountable for daily and monthly trading margin on the assigned book.
- Operates within approved position, value-at-risk and loss limits.
- Works with schedulers, forecasting analysts, risk, finance and client relationship managers.
- Measured on margin, accuracy of positions, compliance and client feedback.
Skills required
- Hands-on trading in Indian power exchanges.
- Fast, accurate bid construction under time pressure.
- Reading market data and fundamentals to form a price view.
- Position and risk management discipline.
- Strong Excel; Python or SQL is an advantage.
- Clear communication with schedulers and clients during the trading day.
- Analysing post-trade results to improve strategy.
- Understanding of storage and renewable portfolio behaviour.
Talent we look for
- Stays composed during price spikes and system events.
- Accepts losses quickly, learns from them and moves on.
- Precise and careful: double-checks before submitting.
- Hungry to understand why prices move.
Qualifications
- B.E./B.Tech in Electrical Engineering; an MBA in Finance or Energy Management is an advantage.
- At least 4 years trading power on Indian exchanges with a trader, utility, generator or large consumer.
- Exchange or industry training certificates in power trading are welcome.
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