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PJM Trader – Supply
COMPANY OVERVIEW
Hanwha Energy USA, headquartered in Houston, Texas, is part of the Hanwha Group—a FORTUNE Global 300 company and one of South Korea’s most respected business enterprises. With over a decade of experience delivering high-quality, utility-scale energy projects across North America, Hanwha Energy USA has evolved into a comprehensive energy solutions provider. Our portfolio now spans utility-scale renewables, natural gas generation, wholesale and retail electricity, and strategic partnerships that power America’s growing data center industry.
Our expertise covers the entire energy value chain from project development and engineering to construction, operations, and maintenance. By integrating advanced technologies, proven processes, and strong partnerships, we deliver reliable, customized solutions that meet the dynamic needs of local energy markets.
Hanwha Energy USA is actively advancing strategic initiatives in natural gas generation and data center development, including hyperscaler solutions on both sides of the meter. We are proud to serve as the parent company of:
Hanwha Renewables – specializing in utility-scale solar and battery energy storage systems (BESS)
Chariot Energy – providing wholesale and retail electricity services for residential, commercial, and industrial customers in deregulated markets
POSITION OVERVIEW
We are seeking a technical and driven PJM Trader who is independent, results-oriented, self-motivated and wants to be part of a dynamic organization. The PJM Trader will be responsible for managing and optimizing Hanwha Energy’s Power portfolio in the Northeast US region in the next day and prompt month Power market. The PJM Trader will be on point for the underlying drives causing prices to change and all characteristics of the different systems and methodologies in place. The successful candidate will thoroughly understand the Power grid, key participants, and physical flow dynamics in the region. This position is responsible for trading energy options and products in Northeast markets. Reporting to the Head of Trading, this role requires a self-motivated, dedicated, and responsible individual with the ability to perform well under pressure collaboratively with a team of highly analytical and quantitative talent. The PJM Trader will work closely with other departments, including risk management, operations, energy analytics and finance, to monitor and capitalize on market opportunities, mitigate risks, and maximize profit from power congestion.
This position is an onsite role based in Houston, and the ideal candidate will be within commutable distance to the Houston office location.
RESPONSIBILITIES
- As part of the wholesale desk enabling the growth of Hanwha Energy’s business, this role will be responsible for all wholesale and retail supply management activities in PJM power market.
- Develop and execute profitable trading positions in the Northeast power markets, predominantly within a 1–3-month period.
- Manage daily and prompt month physical power positions in the portfolio from REP marketing and generation offtake agreements.
- Assist internal departments, such as Risk, IT, and Accounting to ensure deals are managed according to their intent in a timely and accurate manner.
- Build and maintain relationships with third parties to increase Hanwha Energy’s presence in assigned region. This will include supporting the Head of Trading in identifying longer term Power transaction opportunities.
- Support Hanwha Energy’s fundamental market research by monitoring market developments that may impact supply / demand in assigned region.
- The activities include bilateral purchases and sales, ISO bidding and scheduling, congestion management and asset optimization across Hanwha Energy’s load and generation assets.
- Responsible for managing the shape/swing risk of the wholesale and retail load portfolio and optimizing the embedded optionality of residential solar and storage assets.
- Maintain all the relevant wholesale and retail price curves including implied hourly scalers and scarcity premiums.
- Adherence to all corporate Risk Management policies and procedures ensuring compliance of all approved risk limits with close monitoring of position and mark-to-market reports.
- Work closely with technology team to develop and maintain all the analytical and operational tools required for effective trading and decision making.
- Collaborate with other traders, analysts, and operational teams to share insights and refine trading strategies.
- Provide timely reports on trading activities, market conditions, and profit/loss analysis.
- Any other duties as directed by Manager.
Required competencies
- Analytical - Proven problem-solving capability with strong analytical skills including statistical analysis.
- Communication - Excellent written and oral communication skills.
- Business Acumen – Knows the business and department roles and operates with an awareness of the industry standards and procedures.
- Strives for Results – Operates with a high level of energy and develops appropriate objectives to support the organization in achieving optimal success.
- Agility- Demonstrate willingness to modify position as needed to meet the needs of the business.
REQUIRED Experience
- 3+ years of related trading work experience in Energy industry, specifically PJM.
- Bachelor's degree in finance, Economics, Engineering, or a related field. An advanced degree (e.g., MBA, Master’s in Energy Economics) is a plus.
- Strong understanding of power markets, electricity pricing, and the factors influencing congestion.
- Familiarity with transmission system operations, power flow modeling, and grid reliability standards is preferred.
- Expertise in power market dynamics, including day-ahead, real-time, and forward markets.
- Strong analytical skills, with the ability to process and interpret complex market data.
- Proficiency in trading platforms and financial modeling tools used by energy markets (e.g., Dayzer)
- Understanding of market regulations and compliance requirements.
- Experience with ETRM systems.
- Demonstrate strong knowledge of power fundamentals and market rules/structure
- Strong aptitude for problem solving and multitasking.
- Self-motivated and ability to work in a collaborative environment where teamwork and independent work ethic is essential.
- Deadline-oriented with an ability to prioritize tasks.
- Strong decision-making skills in a fast-paced, dynamic environment.
- Strong proficiency in Microsoft Office Suite Apps: Excel, Access, PowerPoint.
- Proficiency with programming languages (e.g., Python, SQL) for data analysis and modeling is a plus.
- Eligible to work in the USA for any employer without sponsorship.
COMPENSATION: $120,000 - $175,000 salary
Attention external recruitment firms, we will not accept any unsolicited resumes at this time. Please do not contact any internal member of our company to discuss the position or to solicit candidates.
Hanwha Energy USA provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. Hanwha Energy USA
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