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Junior Short-Term Power Optimizer - TotalEnergies

On-site in Madrid·Added today (last checked 12 Nov)

TotalEnergies

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Our summary

English: Required
Other languages: French

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Skills

Nice to have

Project Management

The role

Area
Spain

Workplace location

MADRID-CAMPO DE LAS NACIONES(ESP)

Employer company

TotalEnergies Gas & Power Limited Sucursal Madrid

Domain

Strategy, Business & Economics, Trading & Supply

Within TotalEnergies Gas, Renewables & Power trading entity, the Short-Term Power team is responsible for the pricing, valuation, trading and optimization of assets and contracts on short-term power markets (Day-Ahead, Intraday, ancillary services and imbalance).

The Short-Term Power Optimizer is responsible for developing and maintaining the quantitative models and analyses used to review the short-term optimization strategies of the STP South Europe portfolio, and for supporting the pricing of commercial contracts.

The role focuses on assessing the optimal market and asset strategies developing and backtesting optimization methodologies, monitoring their performance and translating market, asset and regulatory developments into recommendations and value creation opportunities.

The Short-Term Power Optimizer works within the Flexibility Trading & Short-Term Optimization team and in close coordination with Flexibility Traders, Trading & Operations, Research and quantitative/modelling teams.

The key tasks are

Short-Term Optimization Oversight
- Assess the optimal bidding, arbitrage and asset optimization strategies applied across short-term power markets.
- Review the optimization of flexible and non-flexible assets including CCGTs, BESS, renewables, Supply and other portfolio positions.
- Take progressive ownership of the performance of the optimization strategies within the assigned perimeter, from strategy proposal and backtesting to implementation monitoring and recommendations for continuous improvement.
- Assess optimization opportunities between different markets and across different assets and contracts.
- Coordinate with Flexibility Traders and Operations to share review findings and follow up on trading recommendations.
- Translate quantitative results into recommendations on bidding and optimization strategies.
- Perform studies to identify optimal strategies at portfolio level.
Quantitative Models & Backtesting
- Develop, run and maintain the quantitative models and methodologies used to review optimization strategies and support pricing, in coordination with quantitative/modelling teams where relevant.
- Continuously backtest strategies to assess their adequacy and optimality.
- Dynamically adjust review models and benchmarks based on observed performance, changing market conditions and new information.
- Backtest and review systematic and algo-trading strategies.
- Support the integration of new assets, contracts and market mechanisms into the optimization review and pricing frameworks
Pricing & Valuation
- Support Flexibility Traders in the pricing of commercial contracts (valuation inputs, risk factors and portfolio effects). Price commercial structures and short-term power products for internal and external counterparties.
- Maintain quantitative pricing and valuation models for short-term power assets and contracts, including BESS, CCGTs, RES, Supply and other flexible and non-flexible assets.
- Ensure consistency between pricing assumptions, expected portfolio value and operational feasibility.
Performance & Continuous Improvement

Monitor KPIs and P&L associated with the optimization strategies within the assigned perimeter.
Define performance reporting designed to feed back into the review of strategies, backtesting and recommendations to the functions in charge of optimization decisions and to Management.
Perform impact analysis regarding market and regulatory developments to identify new value creation opportunities.

Higher education degree in engineering, mathematics, data science or equivalent quantitative field.
Strong quantitative and analytical skills.
Knowledge of Day-Ahead, Intraday, balancing and ancillary services markets.
Understanding of European energy and power market structures.
Experience with optimization, quantitative modelling and/or trading is a plus.
Strong programming skills, particularly Python and SQL.
Project management and IT skills are a plus.
Fluent Spanish and English. French is a plus.

Joining TotalEnergies means committing to the energy transition and helping provide energy that is more affordable, more available, and more sustainable for as many people as possible. You will grow within an international multi-energy company where every talent matters. You will contribute to ambitious projects and deliver concrete solutions to today's energy challenges.

Throughout your career, you will benefit from a wide variety of assignments and tailored learning opportunities. You will fully develop your potential in an environment that fosters innovation and excellence. Join committed and collaborative teams where success is built together.

We place respect and employee well-being at the heart of our performance. That is why TotalEnergies values diversity and promotes equal opportunities for all.

About TotalEnergies

TotalEnergies is a global integrated multi-energy company producing and marketing oil, biofuels, natural gas, green gases, renewables, and electricity. With operations across the entire energy value chain, it is one of the world's largest energy companies, employing over 100,000 people worldwide. In Spain, TotalEnergies has a significant presence with offices and industrial sites, offering roles in engineering, operations, finance, and legal, as well as apprenticeships and internships.

Industry: Energy
Founded: 1924
Employees: 100,000+
Headquarters: Paris, France
In Spain: Madrid, Valdemoro

Good to know if you are moving

TotalEnergies has a strong presence in Spain with multiple offices and industrial sites, including Madrid and Valdemoro.
The company offers a range of opportunities in Spain, from internships and apprenticeships to regular positions in engineering, operations, and support functions.
As a global company, TotalEnergies provides international career development opportunities and a multicultural work environment.
Spanish-language skills are often required for local roles, but the company also supports international mobility.

All open roles at TotalEnergies