The vast majority of power traders earn six-figure salaries, recruiters say. For the cream of the crop, guaranteed compensation for changing jobs is between US$2 million and US$3 million. That still trails the salaries of the best oil traders, but recruiters say the gap likely will narrow in coming years as the now-niche business goes mainstream and attracts more talent.
What sets power traders apart from peers in oil, metals or agriculture is the sheer amount of data they need to track - which fossil-fuel plants are running, ever changing demand, what the technical charts are showing, weather reports and the overall power-generation mix. Sometimes they operate in several markets.
The traders' attention was tested on a calm Sept 15, when intraday prices soared to levels among the highest on record. What began with a warning from Britain's network manager that supplies were running low ripped through Germany, the Benelux market and Denmark. Prices rocketed as wind parks, the backbone in the fight against global warming, almost came to a standstill. Oil-fired plants belching black smoke were needed to secure supplies.
Trading also is at the heart of London-based BP's pledge to move away from fossil fuels without sacrificing profits. Renewable-energy projects typically give returns of 5 to 6 per cent, and traders have on average boosted the company's returns by 2 per cent, chief executive officer Bernard Looney said.
WHO's guide, on festive promos gig ie. hair color products off-the-shelves to match Xmas out-of-stocks or on-the-ball production line output, depends on manufacturing enablers Covid19 time window.