Trader Real Time Power Salary
A Trader Real Time Power earns an average salary of $75,631 per year. Most people with this job move on to other positions after 20 years in this career. Experience strongly influences pay for this job.
Job Description for Trader Real Time Power
A trader of real time power, also known as a "real-time power trader," is responsible for monitoring energy markets and making short-term purchases of energy supplies or future energy supplies, as well as making sales of energy which has already been purchased from the market. What they buy, and when, is determined by their employer's needs and field of operation.Read More...
As a trader of real time power, the utmost focus is on ensuring that purchases and sales of energy are done in a manner that benefits their employer and follows risk management protocol. As might be expected, it is vital for the trader to know energy markets inside and out and be strongly familiar with the rules, laws, regulations, and other details of making energy trades, as such trades not only affect their employer’s actual energy needs, but also serve as investments. This means the trader of real time power must stay on top of energy markets and their functions and fluctuations in a constant sense, and be able to analyze changes as they occur, in order to best manage their employer’s energy reserves. Strong decision making skills, analytics, mathematics, and communication skills are essential in this position, as is the ability to take calculated risks at a moment’s notice.
Most real-time power traders have at least a bachelor’s degree in economics, business management, or an energy-related field, and many go on to achieve advanced degrees, as well. Normally, those in the position have two to five years of experience as analysts, traders, or other roles in support of their current work.
Trader Real Time Power Tasks
- Monitor energy trades and markets.
- Assist with developing long-term and short-term economic strategies.
- Develop and perform energy sales/trades in real time to meet daily needs.