Renewable Hedging and Forecasting Manager

  • Job Reference: R0057336
  • Date Posted: 17 April 2024
  • Employer: Centrica
  • Website: http://www.centrica.com/careers
  • Location: Windsor, Berkshire
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Full Time

Job Description

Renewable Hedging and Forecasting Manager

Windsor with FlexFirst hybrid working

Overview

British Gas Business (BGB) is the leading provider of energy to SMEs in the UK and is focused on helping its customers energising a greener, fairer future.

Your new role is responsible for all the renewable procurement, hedging and PPA's (power purchase agreements), position management and demand forecasting of all business customers.

Managing £0.3bn of renewable certificates costs with associated hedging and 30 TWh of renewable forecasting activity for the BGB portfolio, you will effectively manage all the risk associated with hedging certificates and renewables assets in the wholesale market supporting the delivery of compelling green tariffs and Zero Carbon agenda.

You will be required to Windsor offices on a regular basis but you have some capacity to work from home under our Flex First programme.

The Role

In your new role you will drive the strategic direction of the Centrica Group approach to the hedging and forecasting of renewable certificates. You'll manage and develop a comprehensive hedging strategy for business customers which maximizes commercial benefits while minimizing risk exposure and maintaining legislative compliance.

You will monitor the performance of approved Renewable certificates hedging strategies through reporting and modelling. You will also manage the renewable energy wholesale purchasing requirements in order to facilitate the Centrica Group Net Zero Strategy. Operating a process of approval for all products (renewable deals) will ensure accuracy and compliance

You will ensure our pricing is well understood and operated correctly by supporting the sales & trading channels and other stakeholders. A key part of your role will be managing the allocation process of renewable assets to customers and green tariffs. You will also feed into the Fuel Mix disclosure for BGB. Ownership and responsibility of renewable certificate costs in the Group Financial Plan.

Lastly, you will proactively coach your teams and lead by example in encouraging continuous improvement including managing technology projects up to £1m.

The Person

You will have good knowledge of wholesale energy markets and experience in the energy supply or trading business.

With excellent forecasting methodology skills relating to the UK electricity market you will have experience of the development and implementation hedging strategies in energy. As a collaborative resilient leader you will have managed teams of analysts in the past and be highly numerate and analytical. You will also have great influencing skills and be able to present a narrative.

Degree qualified in a STEM subject. Experience with Amazon Warehouse, SQL, Python, and Power BI required..

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