Power Trader Job Type: Exempt Salaried, Full-Time Location: New York, NY Reports To: Director, Trading Department: Commercial About Us TerraForm Power is a leading owner, operator, and producer of renewable energy across…
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$145k–$165k/yr
Full-time
Performance-based Bonus
Posted 74d ago
~40 hrs/week
Responsibilities
Manage and optimize positions for wind, solar, and battery storage assets within PJM and ERCOT markets. Develop trading and hedging strategies for energy, transmission, and RECs to maximize portfolio value.
Requirements
Requires 4-7 years of power trading experience with a strong focus on PJM and ERCOT markets. Must possess skills in data analysis, programming, and managing counterparty relationships.
Full job description
Power Trader
Job Type: Exempt Salaried, Full-Time Location: New York, NY Reports To: Director, Trading Department: Commercial
About Us
TerraForm Power is a leading owner, operator, and producer of renewable energy across North America. As a portfolio company of Brookfield Renewable, we own and operate approximately 2,200 MW of utility-scale wind, solar, and battery energy storage facilities across 15 U.S. states and Ontario, Canada.
Headquartered in New York City, TerraForm Power is committed to delivering reliable, innovative renewable energy solutions that help customers achieve their clean energy goals. Our experienced team manages every aspect of our operations – from power generation and asset management to commercial energy solutions – ensuring the safe, reliable, and efficient performance of our renewable energy facilities.
At TerraForm Power, our people are at the heart of our success. We foster a culture built on safety, integrity, collaboration, innovation, and continuous improvement, while investing in the development of our employees and supporting the communities where we operate through environmental stewardship, charitable giving, and meaningful local partnerships.
If you're passionate about renewable energy and want to make a lasting impact on the future of clean power, we invite you to join our team.
Job Summary
Reporting to the Director of Trading, this role will be responsible for managing and optimizing positions across TerraForm’s portfolio of wind, solar, and battery energy storage assets, with a primary focus on asset-backed trading in the PJM and ERCOT markets.
The Power Trader will develop and execute trading and hedging strategies involving energy, transmission, capacity, and renewable energy credits (RECs) to maximize portfolio value while managing risk. This role will work closely with Asset Management, Operations, and Finance teams to support commercial decision-making and enhance the performance of TerraForm’s renewable energy portfolio.
The ideal candidate brings direct experience in renewable asset optimization, wholesale power markets, and asset-backed trading, including day-ahead and real-time market participation, transmission hedging, and portfolio risk management within PJM and ERCOT.
Key Responsibilities
Asset Backed Trading and Basis Mitigation
Develop and execute asset optimization strategies across TerraForm’s renewable generation, contracts, and transmission positions to enhance portfolio value within approved risk limits.
Execute day ahead and real time energy bids across ISOs, managing spot commodity exposures in response to forecast changes, outages, curtailments, and price volatility.
Schedule assets across ISOs and fulfillment market-based contractual obligations.
Participate in FTR/CRR/TCC trading strategies to manage congestion and basis risk.
Negotiate and execute energy and REC transactions through brokers, exchanges, structured auctions, and bilateral counterparties.
Monitor electricity markets to maintain a deep understanding of supply/demand dynamics, market behavior, and regulatory developments.
Commercial Data Analytics
Lead the development and maintenance of energy market tools, including price/generation forecasting and product valuation models, and portfolio optimization frameworks.
Analyze trading and hedge performance, enhancing models based on backtesting and realized results.
Conduct commercial due diligence on proposed hedge structures and renewable energy projects.
Reconcile PnL across ISO settlements, trades, REC registries and offtake contracts, resolve discrepancies with settlements and finance teams.
Deliver insights to support desk decisions, coordinating with Asset Management on performance and asset value reporting.
Skills & Qualifications
4-7 years of experience in power trading, with a strong focus on PJM and ERCOT.
Experience executing through exchanges and broker markets and managing counterparty relationships, including credit terms and collateral.
Understanding of REC registration and transfers in tracking systems.
Ability to leverage programming and data analysis for trading, forecasting, and portfolio optimization.
Decision-making in a dynamic, fast-paced team environment.
Strong attention to detail and ability to synthesize complex ideas.
Excellent written and oral communication skills.
Compensation: $145,000 - $165,000; bonus eligible
TERP operates under a variable, performance-based bonus structure. Commercial Traders typically receive bonuses tied to profitability, through optimization efforts by utilizing various trading instruments. As such, P&L performance is one of the key drivers of bonus outcomes. The actual payout range varies between 0% and 150%, depending on individual, group, and business performance. Final bonus decisions are made after the close of the fiscal year by the leadership team.
Recruitment Agency Notice:
TerraForm Power Human Resources team does not accept unsolicited resumes from third party recruiters, staffing firms, or related agencies. The Human Resources team coordinates all recruiting and hiring at our company. We do not accept resumes from third-party recruiters unless authorized by the Human Resources team and if a signed agreement is in place. Any unsolicited resumes will be considered property of TerraForm Power and we are not responsible for any related fees. All communication related to recruiting partnerships should ONLY be directed to the Human Resources team.
TerraForm Power is a leading owner, operator and developer of utility-scale wind, solar and BESS assets in North America
Industry
Renewable Energy Power Generation
Company size
51-200 employees
Founded
2014
Headquarters
New York, NY
LinkedIn followers
15,135
TerraForm Power is a leading owner, operator, and producer of renewable energy in North America. We work to deliver innovative renewable power solutions to our customers, helping them to meet their renewable energy goals.
TerraForm Power NA is a portfolio company of Brookfield Renewable, headquartered in New York City. Our North American portfolio contains 2,200 MW of utility-scale wind, solar, and battery storage facilities with operations in 15 states and Ontario, Canada. We have a strong commitment to the communities that host our facilities. Working closely with community stakeholders, we strive to uplift our communities through public-private partnerships, charitable giving, environmental stewardship, and more.
Our team of experts leverages decades of experience in power generation and asset management to ensure the smooth and successful operations of our facilities on a day-to-day basis, while our commercial experts work to provide innovative wholesale and retail solutions to meet our customers’ goals. It is our mission to drive the renewable energy transition forward to ensure a more clean and sustainable future.
Offices: 200 Liberty Street, 14th floor, New York, NY 10281, US
Based on 921 listings with disclosed salaries, most energy jobs in New York, NY pay between $75k–$200k per year. Individual offers vary with seniority, company size, and specialization.
How many Energy jobs are open in New York, NY right now?
There are currently 1,099 open energy positions in New York, NY listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Energy roles in New York, NY?
Companies currently hiring include Con Edison, New York City Housing Authority (NYCHA), WSP, AECOM, Riven Systems, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Energy jobs in New York, NY?
Yes — 424 of the 1099 open energy positions offer remote or hybrid work (64 remote, 360 hybrid).
How do I apply for Energy jobs in New York, NY?
Each listing links directly to the employer's application page. Apply early — fresh listings get the most recruiter attention in the first two weeks.