Power Market Analyst

, United Kingdom

Job Family Group:

Trading Jobs

Worker Type:

Regular

Posting Start Date:

May 8, 2026

Business Unit:

Trading and Supply

Experience Level:

Experienced Professionals

Job Description:

What’s the role?

The Fundamentals team provides power price forecasts ranging from day-ahead to long-term horizons (up to 35 years). This position is for a Short/Medium term analyst covering from day-ahead to 2 years-ahead. It is a large and highly collaborative team, offering strong learning and development opportunities across multiple disciplines. The team combines expertise in power market fundamentals, economics, statistics, machine learning, modelling, weather forecasting, and IT.

We work closely with traders, business developers, deal structurers, and quants to support both trading activities and long-term investment decisions. This provides broad exposure to commercial decision-making and market dynamics.

We also collaborate with gas desks, sharing insights, forecasts, and methodologies to ensure a consistent cross-commodity view.

What you’ll be doing

This role supports trading decisions through the development and delivery of power market analysis and views, based on a deep understanding of key intraday and short-term market drivers, including generation, demand, transmission, and regulatory dynamics.

You will be expected to actively contribute to the identification of trading opportunities through your analysis, translating market insight into actionable trading signals and commercial outcomes. Building credibility with traders through the delivery of timely, high-quality analysis is a key part of the role.

The role combines qualitative market understanding with quantitative modelling, supported by appropriate tools and techniques. Collaboration with peers across Power, Gas, and Emissions is essential to develop a consistent and scalable cross-commodity view.

You will be expected to:

Deliver and communicate actionable short-term market views, directly influencing trading strategies, positioning, and risk-taking decisions

Develop a market specialisation in a specific area of the power market, while building a broad understanding of global power market dynamics

Analyse and interpret key drivers of power prices, including demand, renewable and thermal dispatch, transmission constraints, and regulatory dynamics, to explain price formation and anticipate market movements

Generate actionable insights by combining stack modelling outputs, market fundamentals, and data analysis to identify trading opportunities and market inefficiencies

Support and mentor junior analysts, contributing to knowledge sharing and team development

Monitor regulatory and market design developments that may impact prices

Collaborate closely with analysts, traders, and gas & emissions teams

What we need from you

Proven experience in power market analysis or fundamentals

Hands-on experience with power stack modelling tools (e.g. EPSI, Plexos) to develop, interpret, and challenge power price forecasts

Strong understanding of European power markets, including short-term price drivers

Proficiency in Python and Excel for data analysis and modelling

Experience working with large and complex datasets, including time series data

Strong communication skills, with the ability to present and defend complex analysis to trading stakeholders, and to engage in constructive challenge on market fundamentals

Strong understanding of risk/reward dynamics, with the ability to identify and propose trading ideas

Degree in Engineering, Mathematics, Economics, Computer Science, or a related quantitative discipline

Desirable skills to possess or develop:

Knowledge of specific European power markets or regional dynamics

Understanding of ancillary services and power market optimization

Familiarity with common modelling pitfalls (e.g. overfitting)

Familiarity with flow-based market coupling and transmission constraints

Demonstrated ability to generate or contribute to profitable trading ideas

After you submit your application, you will receive an email

from Shell

providing a link to an online assessment

(HireVue)

that is a mandatory part of the process

and has a validity period

– please check your spam/junk mailbox if you do not see the email. Once completed, your application will be reviewed to determine next steps. Thank you for your interest in Shell!