Anyone into electric power trading on this forum? Would like to hear about prospects, career opportunities etc.Thanks

I heard something a while back about a startup called something like Enron who were going to trade electric power.Not sure how they're doing now, but maybe worth flipping them a CV ?

You are kidding right?Seriously, any one in power trading here? Or Energy at least?

some years after Enron which destroyed liquidity in power trading is getting stronger againin Continental Europe the business/prices is dominated by utilities with their power plants, but also banks and hedge funds are now increasingly active such as Foundation Energy, Barclays, Deutsche Bank, Fortis, BNP, JP Morgan, J. Aron (GS) career opportunities are good and job postings are incraesing, see some job offers at www.commodity.eu.com- banking people (traders, risk) are especially sought after- salaries are lower than in banks, but utilities and energy traders which usually belong to utilities offer more job stability as long as they do not go bust

Correct me if I am wrong. My understanding is that new players are certainly entering into the market, but the number of players is not increasing. This is because some of the major utilities are or have already closed down their proprietary trading arms. Thats why you see hedge funds picking up that part of the market. This is my observation in the US. Europe could be different. Let me know your thoughts.I know that most people who work in power trading in hedge funds are those let go from utilities. Even the top brass like M.D's in Banks and HF's are those who were either laid off from utilities or did not have a lot to do there because utilities started moving more towards long-term bilateral contracts and less in day trading.

directly after Enron many energy traders in London were laid off but not in rest of Europe where prop trading of utilities was never strongnowadays there are more and more small/medium utilities that go into energy trading and build an own market access in order to be more independent of large utilities; there are also cooperations of medium and smaller utilities in order to build new power plants (since it is getting attractive at these high prices) and to constitute a critical massalso some very new players emerge which set up gas trading business since liberalisation in Continental Europe seems to improvebut most liquidity is due to banks that enter the market, also prop tarding

Hi all ,Try EDF trading on google ! you 'll find some information related to energy tradingEDF = Electricite de France a major in the field of energy producer & provider (electricity)You may get some stuff looking for TOTAL , EXXON , BP web sites.They also trade energy ( rather oil)Problem with banks is they do not produce energy and they can 't well stocked oil barrels !You can try to find brokerage houses as ENRON . It looks like sales trading you buy energy to GE or EDF and you sell back to customers.In france i know a famous firm POWEO , try on googleAgree with Erisk : banks make prop trading ... Who knows GS owns maybe some nuclear power stations :--)

ra008, Where are you? These markets are pretty "domestic" if you are looking for opportunities in a utility. A lot of big banks are in the market too...JARON(Goldman), Lehman, Bear Stearns, Morgan Stanley.

Yes, I am in the US. I am aware of the banks you have mentioned and several hedge funds too entered the arena lately.