Senior Commercial Market Analyst

Senior Commercial Market Analyst

RWE Group

Essen, Hamburg, London, Swindon, Malmö or Copenhagen

Role description

The Commercial Analysis (CA) department provides detailed commercial insights, market analysis and analytical support service to RWEs Renewables business for all renewable technologies across the globe. Our objective is to support the acceleration to Net Zero by steering the Renewables business towards markets, technologies and monetization concepts with highest commercial value. Based on that, CA ensures full optimization and maximization of the revenue streams of our assets and improves the competitiveness of RWE Renewables.

The scope of this role is on the electricity markets of northern European regions (in particular the Nordic and the UK power market) and includes Renewables auction support for different RES technologies (e.g. Offshore, Onshore, PV, battery storages, hydrogen and hybrid combinations of the mentioned technologies).

The position requires a high affinity for numerical work as well as handling large amounts of data and can therefore also include programming tasks. You will be part of a highly dynamic, international and geographically diverse team which comes along with occasional international travel, working remotely and demonstrating a pro-active and autonomous approach to work. CA explicitly promotes intra and inter departmental cooperation to guarantee our employees access to the full scope of activities a global player like RWE can offer (e.g. job shadowing/job rotation in other regions/continents and departments).

Principal accountabilities

• Provide fully-fledged commercial support for different kind of decision processes (investment approval, bid price setting, M&A projects, etc.) including stakeholder
• Leading the collection, preparation and analysis of all relevant commercial inputs for renewable energy business models with special focus on long-term power & certificate prices.
• Support the structured origination team in commercial offtake discussions and recommend most appropriate route to market strategies.
• From a commercial perspective, proactively formulate the optimal development, monetization strategies for offshore wind in the North or Baltic sea area considering the recently proposed auction models.
• Support bidding strategies in various auctions as part of the core bid team and lead analysis of commercial activities in cooperation with the local team.
• Supporting Strategy and Regulatory Affairs team to reflect current and future market and regulatory scenarios for long-term strategic planning.
• Supporting Europe wide market analyses and commercial evaluation of new technology solutions such as Hydrogen and Battery Storage. Work includes overseeing internal and external long-term power price/ certificate forecasts.
• Mentoring and support in development of less experienced Commercial Market Analysts
• The Senior Commercial Analyst might take over the responsibility for certain commercial workstreams in cross-department projects
• Ad-hoc market analysis reports (e.g. in case of significant market events).

Essential knowledge and skills

• Degree in an analytical/numerical subject, preferably Economics, Finance, Engineering, Statistics or Mathematics and appropriate professional working experience including quantitative analysis.
• Several years of practical experience in the energy sector, including experience with commercialization of renewables and/or as power market analyst or similar
• Good Programming skills and/or strong Excel knowledge i.e. should be able to use functionalities at an expert level and/or implement numerical models or data processing routines e.g. python.
• The ability to communicate clearly and in managing a good relationship with business partners and other external stakeholders as well as the ability to structure and present complex information adequately to a (senior) management-level audience (both written and verbal).
• Entrepreneurial spirit: highly proactive, identifying value opportunities and proposing solutions to them under own initiative.
• Enthusiastic about learning and pushing technical limits and finding new solutions / out of the box thinking.

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