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.)

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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.

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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.

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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.

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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.

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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

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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

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Shell in The United Kingdom

Shell UK remains one of the North Sea’s biggest producers, supplying around 10% of the UK’s total oil and gas needs. But perhaps the most recognisable face of Shell in the UK is our network of over 1,000 Shell-branded service stations.

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In the years ahead, as the UK looks to strengthen energy security and deliver its 2050 net-zero goal, Shell UK aims to play a crucial role. We aim to be a major investor in the UK energy system by helping our customers decarbonise with a focus on transport and industry.

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