At a glance
- Experience
- 3-5 years experience
- Employment
- Full-time
- Workplace
- Onsite
- Location
- Austin, TX
About the role
- Base is seeking a Power Trader to trade around both Base’s retail load book and battery fleet.
- The immediate focus is to build a strategy for the short term up to 30 days out for ERCOT with near term scope to build out the strategy in PJM and eventually other ISOs.
Responsibilities
- Trade short-term power products to capture incremental margin, with room to extend into longer-horizon and structured positions
- Strengthen Base's existing hedge strategy with a more rigorous, portfolio-construction-based approach to exposure management across the battery fleet and retail load book
- Contribute to Trading & Risk’s in-house long-term price forecasts - incorporating market fundamentals into views that inform trading and hedging decisions
- Articulate market views, trading rationale, and P&L drivers clearly to leadership, shaping desk-level strategy
- Evaluate capacity markets and other structured products where they offer real hedge or trading value, in ERCOT and as we expand PJM and beyond
Requirements
- At least 3-5 years of experience trading power products on a bank, utility, or merchant trading desk, with direct exposure to forward curves, hedge instruments, and short-term markets
- Demonstrated experience in portfolio construction - architecting hedges across a book of exposures, not just single-position trades
- Strong fundamentals-based market view: understands how congestion, transmission constraints, and load/generation balance flow into price formation
- Deep experience in any ISO
- Comfort operating as an individual contributor in a small, fast-moving team
Preferred qualifications
- Hands-on proficiency building models yourself (Python; not dependent on an analyst to implement your ideas)
Skills
- Python
