Market Analyst - US Power

Country United States / US City HOUSTON
Area
Texas

Workplace location HOUSTON-LOUISIANA STREET(USA) Employer company TotalEnergies Gas & Power North America, Inc. Domain Strategy, Business & Economics Type of contract Regular position Experience Minimum 3 years

Activities

Key Responsibilities:

• Develop and maintain quantitative models to analyze U.S. power market fundamentals and price dynamics, including generation, demand, weather impacts, and transmission constraints.
• Build and enhance forecasting models to support market analysis, pricing, hedging, risk management, and trading decisions.
• Partner with data scientists and IT teams to improve, automate, and expand analytical tools, data sources, and processes.
• Serve as a subject matter expert on U.S. power markets, providing market insights, forecasts, and recommendations to trading desks.
• Maintain a strong understanding of trading strategies, portfolio exposures, and market drivers to support commercial decision-making.
• Lead discussions with traders and senior management on market outlooks, risks, and opportunities.
• Collaborate with gas analysts, quantitative analysts, and global teams to develop integrated cross-commodity and cross-regional market views.
• Conduct ad hoc analyses, scenario studies, and strategic projects in support of trading, asset optimization, and business development activities.
• Prepare and present market reports, forecasts, and analytical insights for trading desks, senior leadership, headquarters, and other key stakeholders.
• Provide analytical support to corporate functions, including Strategy, Business Development, and Exploration & Production, on power market-related topics.

Job Dimension:

Purpose

Within the Modeling & Analysis for Trading Strategies (MATS) department, the US Power Analysis & Modeling (PAM) team provides critical insights into U.S. power markets by analyzing price drivers, market fundamentals, and evolving market dynamics. The team develops quantitative models and forecasting tools to support the valuation, pricing, hedging, and risk management of complex transactions, products, and assets. This role is instrumental in supporting the commercial optimization and risk management of TotalEnergies Gas & Power's portfolio of physical and financial assets, including CCGTs, renewable generation, and battery energy storage systems (BESS).
Objectives

Operating with a high degree of autonomy, the PAM team delivers market analysis, strategic advice, and quantitative support to trading desks across the organization, as well as to senior leadership, including Executive Committee (COMEX) members. The team plays a key role in informing trading strategies, portfolio optimization decisions, and long-term investment opportunities.
Impact

The successful candidate will collaborate closely with traders, risk managers, and other stakeholders to identify opportunities where advanced power market modeling can create commercial value. This includes supporting market positioning, asset optimization, and the evaluation of new business opportunities. The role requires rigorous quantitative analysis, sound commercial judgment, and the ability to develop innovative solutions to complex and often unique market challenges.
Environment

The PAM team works in close partnership with other groups within MATS, fostering a highly collaborative and intellectually stimulating environment centered on knowledge sharing and cross-functional expertise. Key collaborators include gas market analysts, meteorologists, machine learning and AI specialists within TGP, as well as long-term power market analysts and modeling experts from the iPower Business Unit.
Location

Houston, Texas.

Accountabilities:

• Analyze U.S. power market fundamentals to identify key drivers, emerging trends, and factors influencing price formation and market behavior.
• Deliver actionable market intelligence, forecasts, and strategic recommendations to trading desks and senior management to support trading and investment decisions.
• Contribute to the development of a global energy market perspective by enhancing the Company's understanding of cross-commodity and cross-regional market dynamics.
• Collaborate with traders, analysts, and other stakeholders to communicate market views, assess opportunities, and evaluate risks.
• Represent TotalEnergies Gas & Power North America (TGPNA) through market reports, industry forums, conferences, and engagements with counterparties and other market participants.
• Support the promotion of TGPNA's trading activities and market expertise by building and maintaining strong relationships across the energy industry.

Candidate Profile

• Master's degree in Economics, Business, Mathematics, Engineering, or a related quantitative discipline. Candidates with a bachelor's degree and equivalent relevant experience will also be considered.
• Strong quantitative, analytical, and financial modeling capabilities, demonstrated through 1-3 years of experience in an analytical, quantitative, or market-focused role.
• Solid understanding of U.S. power markets, particularly ERCOT and PJM, including power system fundamentals, dispatch optimization, transmission flows, and ISO/RTO operations.
• Prior experience working in a trading, energy marketing, risk management, or commercial environment is required.
• Proficiency in programming and data analysis tools such as Python, SQL, and/or R, along with experience using data visualization platforms such as Power BI, Tableau, or similar tools.
• Self-motivated and highly organized, with the ability to work independently, exercise sound judgment, and develop innovative solutions to complex business challenges.
• Excellent communication and presentation skills, with the ability to translate complex technical or market concepts into clear, concise, and actionable insights for diverse stakeholders.

What We Offer

At TotalEnergies we know that you're more than what's on your CV. If this opportunity excites you, but your profile doesn't exactly match the description above...give it a try & apply. Diversity of perspectives & experiences make us stronger.

Please note: TotalEnergies is unable to sponsor employment visas or consider candidates on time-limited visa status for this position.

Ready to Power the Future of Energy Trading?

Apply now and be part of a team that's shaping the future of low-carbon energy.