Where you fit in
The Power Analyst role sits within the Short-Term Trading team which is part of the larger power trading business within Shell Energy Europe & Africa (SE-EA.)
The Power Analyst will support activities related to the commercial optimisation of SE-EA's portfolio of power generation and storage assets in UK Wholesale, BM and Ancillary Services markets.
The Power Analyst will also contribute to the development of automated/systematic trading capabilities for flexible assets, renewables imbalance risk optimisation, and proprietary trading in the short-term power markets.
The SE-EA power portfolio is an industry leading mix of remotely-operated distributed generation assets, flexible renewable generation and algorithmically-controlled storage assets. The UK Short Term Power team were the first team to ever control aggregated generation units in the UK Balancing Market and the first to ever control storage assets via the use of algorithms. The team continues to be the market leader in terms of automated trading and asset optimisation.
The Power Analyst will assist the team in building and monitoring its own bespoke trading and optimisation strategies and infrastructure across BESS, renewables, thermal and spec scenarios. A range of modelling approaches are used including linear programming, deep and reinforcement learning.
What's the role?
The Power Analyst is accountable for the following:
- Contributing to the build out of innovative automated solutions for asset optimisation and trading.
- Supporting the development and commercialisation of algorithms to increase profits on the desk, including but not limited to the following use cases: trading and dispatch of flexible assets, optimising intraday PPA risk exposure, and proprietary trading in short term markets
- Monitor and analyse meteorological data in order to communicate potential deviations from forecasts, adjust target positions based on a broad range of met insights, provide weighting towards different forecasts based on forecast performance.
- Ensure compliance with customer contractual obligations, market regulations, and other Shell policies
- Monitor power and gas markets, short term fundamental supply/demand across Ancillary and Wholesale markets, and SE-EE portfolio asset performance in Ancillary markets
- Collaborate with the team to build market insight and intelligence on the desk including developing new strategies, adapting to changing markets, and quantifying trading performance
- Provide strategic insight to help support the development/expansion of commercial opportunities within SE-EE Business Development
- Coordinate with the UK Short Term Power Trading team, Tech and Engineering to ensure successful physical dispatch of our assets.
- Act as a project lead for select initiatives on the desk, coordinating resources, managing projects to ensure timely delivery of results, and facilitating communications across the team
- Support the team in identifying strategic priorities and working collaboratively to improve performance, build profits, and manage risk
What we need from you
We are keen to hear from candidates with the following technical skills and experience:
- Exposure to Deep and Reinforcement learning alongside more conventional modelling approaches.
- Prior experience/knowledge trading and operating assets in Wholesale and Ancillary Service markets is beneficial.
- Comfortable making decisions, contributing to the formulation of optimisation and trading strategies for Shell assets.
- Knowledge of Microsoft Azure cloud computing services to build process automation and deploy bespoke quantitative tools, forecasts, and trading applications
- A careful and detailed approach, ensuring that algorithms, systems, and tools operate correctly and profitably
- Experienced in Python with the ability to write production level code and/or prior experience in software development
- A curiosity and willingness to apply critical thinking to solving a range of challenges including optimal trade decisions, identifying new trading strategies, and applying data science and machine learning to support decision making
- Comfortable working with large datasets and the ability to identify key insights
- Focused on understanding the bigger picture to ensure our work aligns with our long-term objectives
- Self-starter, with the ability to reprioritize with changing requirements
- Creative approach to solving problems, an openness to discussion, and a willingness to ask questions
- Strong communicator and comfortable working and collaborating across different teams
If you don't see yourself fully reflected in every job requirement listed on the posting above, we still encourage you to reach out and apply. Research has shown that not everyone often applies when they do not feel 100% qualified. We are committed to creating a more equitable, inclusive, and diverse company and we strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply. We look forward to receiving your application.
Flexible working
We are keen to support flexible working arrangements, subject to local regulations and legislative frameworks. If this is of interest to you, please describe in your application the type of flexible working arrangements for which you would like to be considered (e.g., part-time, job share).
About Shell UK
Shell is an international energy company that aims to meet the world's growing need for more and cleaner energy solutions in ways that are economically, environmentally, and socially responsible. It is one of the world's largest independent energy companies, operating in more than 70 countries.
Shell has a global target to become a net zero emissions energy business by 2050. This means that Shell aims to be net zero on all emissions generated by its operations and the energy needed to power them. The company is working with customers, business, and governments to address emissions across different sectors.
In March 2022, Shell UK announced an ambition to invest between £20 to £25 billion in the UK energy system over the next decade, more than 75% of which is intended for low and zero-carbon products and services including offshore wind, hydrogen, and electric mobility. These investments, which are subject to board approval, aim to propel the UK closer to net zero whilst intending to stimulate economic growth and jobs.
Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK's growing energy demand, whilst using innovative technologies to develop cleaner energy. We are one of the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy.
An innovative place to work
There's never been a more exciting time to work at Shell.
Join us and you'll be adding your talent and imagination to a business with the ambition to shape the future - whether by investing in oil, gas and renewable energy to meet demand, exploring new ways to store energy, or developing technology that helps the world to use energy more efficiently, everyone at Shell does their part.
An inclusive place to work
To power progress, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we are nurturing an inclusive environment - one where you can express your ideas, extend your skills, and reach your potential.
- We're creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we'll take it from there.
- We're closing the gender gap - whether that's through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
- We're striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
- We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.
A rewarding place to work
Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.
We're huge advocates for career development. We'll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.
