Short Term Power Market Analyst F/H
Short Term Power Market Analyst F/H

Short Term Power Market Analyst F/H

London Full-Time 30000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyse short-term power markets and support trading strategies in a dynamic team.
  • Company: Join EDF, a leading energy company focused on innovation and sustainability.
  • Benefits: Enjoy a full-time role with opportunities for growth and development in a vibrant environment.
  • Why this job: Be part of a team that impacts the European electricity market while developing your analytical skills.
  • Qualifications: Fluent in French and English, with a master's degree in statistics or mathematics preferred.
  • Other info: Ideal for entry-level candidates eager to learn and make a difference in the energy sector.

The predicted salary is between 30000 - 42000 £ per year.

Join to apply for the Short Term Power Market Analyst F/H role at EDF

Join to apply for the Short Term Power Market Analyst F/H role at EDF

Department
The Short-Term Analytical Team is an operational team with the following structure:
6 market analysts and a manager supporting the French Desk on weekdays:3 analysts are working on Intraday horizon in Paris
3 analysts are working on Day Ahead and Week Ahead horizons in London
The analysts on shift analyse the whole European electricity system in order to support the desks for price forecasting and the trading strategy
7 analysts, a deputy and a manager dedicated to the optimization of the EDF portfolio on Day Ahead and Week Ahead horizon.These analysts are working 7/7 in Paris.
The analyst on shift models the available flexibility of the EDF system and translates it into EPEX orders to realise an economically efficient optimisation on the Day Ahead electricity market
The Analytics Engineering Manager and 2 software engineers
Position purpose
The role is based in London. In order for EDF Trading to maximise the return from the month-ahead to day-ahead wholesale power markets, either from EDF generation assets or through proprietary trading, the traders require detailed, commercially focussed analysis produced on a timely basis.
In the front office, working closely with both the short-term analysts in charge of EDF portfolio optimisation in Paris and the power traders in London, the Short-Term Power Market Analyst has a dual role covering both operational and development duties.
Main Operational Responsibilities
Market Analysis:
Provide data analytics and risk analysis on short term power market to the desk
Support the Short-Term desk for the price forecasts and trading strategies
EDF system risk analysis:
Follow the Day-Ahead and Week-Ahead optimisation shifts
Communicate time critical information to the traders
Ensure compliance with regulatory requirements, including REMIT, through the consistent application of defined processes.
Main Development/Modelling Responsibilities
The short-term power market analyst is responsible of the whole life cycle of an application or a model: from the research/design to the development/implementation and the maintenance.
The analyst is autonomous on his/her projects and is responsible of critical applications.
Example of models/applications/solutions:
Fundamental and quantitative (statistical, data science driven) models to better anticipate market behaviour and improve price forecasting models. All components of the market could be addressed like load forecast, competitors’ orders, availabilities, etc…
Automation of workflows
Data visualisation via web applications
Experience Required
Ability to work under pressure, timeliness, accuracy and the ability to understand the wider commercial implications of the work are critical to be successful in this position.
The analyst will use his/her expertise to support the short-term power traders while at the same time ensuring an effective operational relationship with the asset managers at EDF. He/she will be expected to take the initiative to continuously improve existing processes, tools and models with the aim of improving the overall management of the EDF portfolio and wholesale market positions.
It is as well necessary to be proactive in the research of market modelling improvements to succeed in this position.
Technical requirements
Fluent in French & English
Educated to master’s degree level, preferably with a high statistics or mathematics component
Experience of building/developing stochastic or deterministic optimisation procedures/models
Advanced skills in:
Data science
Python (Api, Data management, statistical modelling)
Web development (javascript)
Source code management (Git)
Full understanding of the ways of working of the power market:
Power asset management and optimisation
Power market coupling algorithm
Person specification
As well as having strong analytical skills, attention to detail and enthusiasm the candidate needs to have a commercial approach to his/her duties. Similarly, a flexible approach to problem solving and the ability to work under pressure are essential.
Applicants for the role will also be expected to have strong communications skills with the confidence to work effectively with both power traders and asset managers., Department
The Short-Term Analytical Team is an operational team with the following structure:
6 market analysts and a manager supporting the French Desk on weekdays:3 analysts are working on Intraday horizon in Paris
3 analysts are working on Day Ahead and Week Ahead horizons in London
The analysts on shift analyse the whole European electricity system in order to support the desks for price forecasting and the trading strategy
7 analysts, a deputy and a manager dedicated to the optimization of the EDF portfolio on Day Ahead and Week Ahead horizon.These analysts are working 7/7 in Paris.
The analyst on shift models the available flexibility of the EDF system and translates it into EPEX orders to realise an economically efficient optimisation on the Day Ahead electricity market
The Analytics Engineering Manager and 2 software engineers
Position purpose
The role is based in London. In order for EDF Trading to maximise the return from the month-ahead to day-ahead wholesale power markets, either from EDF generation assets or through proprietary trading, the traders require detailed, commercially focussed analysis produced on a timely basis.
In the front office, working closely with both the short-term analysts in charge of EDF portfolio optimisation in Paris and the power traders in London, the Short-Term Power Market Analyst has a dual role covering both operational and development duties.
Main Operational Responsibilities
Market Analysis:
Provide data analytics and risk analysis on short term power market to the desk
Support the Short-Term desk for the price forecasts and trading strategies
EDF system risk analysis:
Follow the Day-Ahead and Week-Ahead optimisation shifts
Communicate time critical information to the traders
Ensure compliance with regulatory requirements, including REMIT, through the consistent application of defined processes.
Main Development/Modelling Responsibilities
The short-term power market analyst is responsible of the whole life cycle of an application or a model: from the research/design to the development/implementation and the maintenance.
The analyst is autonomous on his/her projects and is responsible of critical applications.
Example of models/applications/solutions:
Fundamental and quantitative (statistical, data science driven) models to better anticipate market behaviour and improve price forecasting models. All components of the market could be addressed like load forecast, competitors’ orders, availabilities, etc…
Automation of workflows
Data Visualisation Via Web Applications, Experience Required
Ability to work under pressure, timeliness, accuracy and the ability to understand the wider commercial implications of the work are critical to be successful in this position.
The analyst will use his/her expertise to support the short-term power traders while at the same time ensuring an effective operational relationship with the asset managers at EDF. He/she will be expected to take the initiative to continuously improve existing processes, tools and models with the aim of improving the overall management of the EDF portfolio and wholesale market positions.
It is as well necessary to be proactive in the research of market modelling improvements to succeed in this position.
Technical requirements
Fluent in French & English
Educated to master’s degree level, preferably with a high statistics or mathematics component
Experience of building/developing stochastic or deterministic optimisation procedures/models
Advanced skills in:
Data science
Python (Api, Data management, statistical modelling)
Web development (javascript)
Source code management (Git)
Full understanding of the ways of working of the power market:
Power asset management and optimisation
Power market coupling algorithm
Person specification
As well as having strong analytical skills, attention to detail and enthusiasm the candidate needs to have a commercial approach to his/her duties. Similarly, a flexible approach to problem solving and the ability to work under pressure are essential.
Applicants for the role will also be expected to have strong communications skills with the confidence to work effectively with both power traders and asset managers.

Seniority level

  • Seniority levelEntry level

Employment type

  • Employment typeFull-time

Job function

  • Job functionMarketing and Sales
  • IndustriesOil and Gas

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Short Term Power Market Analyst F/H employer: EDF

EDF is an exceptional employer, offering a dynamic work environment in London where innovation and collaboration thrive. Employees benefit from a strong focus on professional development, with opportunities to enhance analytical skills and engage in impactful projects that shape the future of the energy market. The company fosters a culture of teamwork and inclusivity, ensuring that every team member's contributions are valued and recognised.
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Contact Detail:

EDF Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Short Term Power Market Analyst F/H

Tip Number 1

Familiarise yourself with the European electricity market and its dynamics. Understanding how power market coupling algorithms work will give you an edge in discussions during interviews.

Tip Number 2

Brush up on your data science skills, particularly in Python and web development. Being able to demonstrate your ability to build models or applications relevant to market analysis can set you apart from other candidates.

Tip Number 3

Network with professionals in the energy sector, especially those involved in trading and analytics. Engaging with industry experts can provide insights into the role and may even lead to referrals.

Tip Number 4

Prepare to discuss your experience with risk analysis and compliance, particularly regarding regulatory requirements like REMIT. Showing that you understand these aspects will highlight your readiness for the role.

We think you need these skills to ace Short Term Power Market Analyst F/H

Data Analytics
Risk Analysis
Price Forecasting
Market Modelling
Stochastic Optimisation
Deterministic Optimisation
Python Programming
Data Management
Statistical Modelling
Web Development (JavaScript)
Source Code Management (Git)
Power Market Understanding
Communication Skills
Attention to Detail
Problem-Solving Skills
Ability to Work Under Pressure
Proactive Research Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Short Term Power Market Analyst role. Emphasise your analytical skills, knowledge of power markets, and any experience with data science or programming languages like Python.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and EDF as a company. Discuss how your background in statistics or mathematics can contribute to the team, and mention specific projects or experiences that demonstrate your ability to work under pressure and deliver timely analysis.

Showcase Technical Skills: Highlight your technical skills prominently, especially in data science, Python, and web development. Provide examples of how you've used these skills in previous roles or projects, particularly in relation to market analysis or optimisation models.

Demonstrate Communication Skills: Since the role requires effective communication with traders and asset managers, include examples in your application that showcase your ability to convey complex information clearly and confidently. This could be through presentations, reports, or collaborative projects.

How to prepare for a job interview at EDF

Showcase Your Analytical Skills

As a Short Term Power Market Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly in relation to market forecasting or risk analysis.

Demonstrate Technical Proficiency

Make sure to highlight your experience with Python, data science, and web development during the interview. Be ready to explain how you've applied these skills in real-world scenarios, especially in building models or automating workflows.

Understand the Power Market

Familiarise yourself with the workings of the power market, including asset management and optimisation strategies. Showing that you understand the broader commercial implications of your work will impress the interviewers.

Communicate Effectively

Strong communication skills are essential for this role. Practice articulating complex ideas clearly and confidently, as you'll need to collaborate with both traders and asset managers. Prepare to discuss how you've successfully communicated critical information in past experiences.

Short Term Power Market Analyst F/H
EDF
Location: London

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