Intraday Power Trader at Octopus Energy

Munich, Bavaria, Germany

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Energy Trading, Renewable EnergyIndustries

Requirements

Several years of proven experience in intraday power trading
Deep understanding of the German power market, especially EPEX Spot and balancing group processes
Strong programming skills in Python (e.g. Pandas, NumPy, backtesting, API integration)
Experience handling large time series datasets and databases (SQL, REST APIs)
Knowledge of schedule and balancing group management
Strong analytical skills, background in quantitative modelling is helpful
Resilience, quick decision-making ability, and high self-motivation
Willingness to work occasionally in shifts as well as on weekends and public holidays
Excellent German and English skills, both spoken and written
Nice to have: Experience with cloud environments, containerization (Docker), CI/CD, or machine learning

Responsibilities

Take responsibility for intraday power trading in the German market (continuous trading & auctions)
Develop, implement, and optimize algorithmic trading strategies
Combine manual and automated trading depending on market conditions
Monitor and steer schedules as well as manage the balancing group
Analyze market data (order book, forecasts, trade data) to derive trading decisions
Ensure compliance with regulatory requirements (e.g. REMIT, MiFID II) in daily operations
Occasionally work in a shift schedule, including weekend and public holiday duties (rotating team)

Skills

Key technologies and capabilities for this role

Intraday Power TradingGerman Power MarketEPEX SpotBalancing GroupAlgorithmic TradingPythonPandasNumPyBacktestingAPIREMITMiFID IIMarket Data Analysis

Questions & Answers

Common questions about this position

What experience is required for the Intraday Power Trader role?

Several years of proven experience in intraday power trading is required, along with a deep understanding of the German power market, especially EPEX Spot and balancing group processes.

What programming skills are needed for this position?

Strong programming skills in Python (e.g., Pandas, NumPy, backtesting, API integration) are required, plus experience handling large time series datasets and databases (SQL, REST APIs).

Is there a shift schedule or weekend work involved?

Yes, the role occasionally requires working in a shift schedule, including weekends and public holidays with a rotating team.

What is the company culture like at Octopus Energy Trading?

The team consists of unconventional traders building a brand new venture with a blank canvas to create a diverse and talented group of market experts focused on innovation and decarbonizing the grid.

What makes a strong candidate for this trader position?

Candidates with several years of intraday power trading experience, strong Python skills, deep German power market knowledge, analytical skills, resilience, quick decision-making, and shift work willingness stand out.

Octopus Energy

Provides affordable green energy solutions

About Octopus Energy

Octopus Energy provides affordable green energy solutions to households and businesses across multiple countries, including the UK, US, Japan, Germany, New Zealand, and Australia. The company focuses on the renewable energy market and utilizes technology and data to enhance its services. Its main product offerings include direct energy sales to consumers and the licensing of its proprietary Kraken technology platform to other energy providers. This platform helps streamline energy management and improve customer experience. Unlike many competitors, Octopus Energy emphasizes sustainability and offers additional services such as electric vehicle solutions. The company's goal is to make green energy accessible and affordable while promoting the use of renewable resources.

London, United KingdomHeadquarters

2016Year Founded

$2,476.6MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Data & Analytics, Automotive & Transportation, EnergyIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Parental Leave

Flexible Work Hours

Company Equity

OE Group Share Scheme

Risks

Increased competition in renewable energy may impact market share.

Rapid international expansion exposes Octopus to geopolitical risks.

£3 billion repayment to UK government could strain financial resources.

Differentiation

Octopus Energy's Kraken platform optimizes energy usage for zero-bill homes.

The company leads in electric aircraft charging with AeroVolt collaboration.

Octopus Energy's global reach includes partnerships in Brazil and Japan.

Upsides

'Zero Bills' initiative could revolutionize sustainable living in the UK.

Partnership with Energisa opens South American renewable energy market.

Investment in Ocergy enhances offshore wind capabilities globally.

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