Department: Power Markets APAC
Location: Sydney
About Lightsource bp
We are Lightsource bp – and we’re on a mission to become a global leader in onshore renewables, anchored by our proven track record in solar development.
For over a decade we’ve been actively working to diversify the way our world is powered with sustainable and responsible renewable power. We work to safely deliver affordable, reliable, large-scale onshore renewable and energy storage solutions to help the world decarbonise.
Our growing business is constantly innovating and investing to help drive the energy transition. Our people and projects are focused on supporting long-term sustainable growth and energy security.
Lightsource bp was fully acquired by bp in 2024.
What You’ll do (the role)
Summary
The APAC Energy Markets team plays a critical role in originating, negotiating, and securing contracts to manage revenue streams for LSbp’s projects and develop strategies to optimize the generation portfolio within the APAC region. As the Senior Analyst, Power Markets, you will work closely with the Energy Markets Team to:
- Deliver regular, and ad hoc, market and regulatory analysis and insights
- Ensure accuracy of modelling
- Inform the market strategy and evaluate market opportunities for LSbp’s assets (eg. pool price analysis in APAC markets, investigating and reporting on market events, competitor analysis, evaluating hedging products)
- Support the team in evaluating PPA opportunities and deliver ad hoc projects
The individual will have the opportunity to obtain a deep commercial and financial understanding of renewable energy development, energy storage and energy markets and gain valuable insight into the commercial strategies employed in maximising revenue streams from renewable generation (including Power Purchase Agreements, environmental markets and merchant hedging strategies).
Duties and responsibilities
- Market price, fundamentals and policy analysis
- Co-ordinate and own day-to-day analysis and regular reporting on market prices, market fundamentals and changes, and policy developments
- Use analysis to deliver market insights to support energy marketing activity
- Evaluate the impact of potential new policy developments on market conditions and pricing
- Manage and improve access to market data and information, including use of external vendor software
- Produce ad-hoc reports and analysis for the Energy Markets team as required to support PPA opportunities, new market entry, and for internal reporting
- Forecasting and modelling
- Co-ordinate quarterly price forecast updates and project-specific analysis as needed including reviewing and communicating results, managing inputs and engagement with third party advisers and in-house users of forecasts.
- Assist in the analysis of asset hedging strategies including utilizing financial models and reporting results with limited guidance
- Ensure consistency and accuracy of in-house assumptions for modelling and price forecasting, working cross-functionally as required.
- Portfolio Reporting
- Oversee the position reporting activities for the portfolio, including the production of reports
- Develop presentations on market conditions, hedge strategy performance and position management as required
- Work cross functionally to align inputs with settlements and other users of energy markets data
- New Markets
- Conduct research and presentations on market drivers and policy conditions and opportunities in the new APAC markets
- Support the evaluation of PPAs and revenue opportunities in new markets
- Co-ordinate price forecasting related to new markets, including the utilization of external advisers
Who we’re looking for
Knowledge & Experience
- Experience in Australian energy markets (primarily NEM, with experience in the WEM and other APAC markets a bonus) and an interest in evolving energy markets
- Experience with Wind, Solar or BESS, or in a commodities trading environment
- Previous experience in an analysis focused role.
- A genuine interest in energy market dynamics and the desire to understand the ‘why’
- Numerate and with an advanced knowledge of Excel and PowerPoint (experience with Power BI a bonus)
- University qualified with a commercial, mathematics or engineering degree advantageous.
Why you’ll make a great member of the team
- Excellent numerical and analytical skills, and attention to detail
- A strong team member with an interest to build your knowledge and support your team
- Excellent written and verbal communication skills
- Excellent interpersonal skills, especially the ability to build strong relationships with numerous stakeholders throughout the entire company
- Ability to deliver a wide variety of tasks with limited supervision often in a limited timeframe
- Ability to learn quickly and adapt to a wide variety of tasks
- Ability to problem solve and work well under pressure
Why you’ll want to work for us
Our company is a place where you can be yourself and grow; a place where your ideas and opinions matter.
Be you
We pride ourselves on being an inclusive community, where every individual is valued and treated with respect.
Be responsible
Our culture is driven by our core values. From operating safely to ensuring our solar projects are responsible and promote biodiversity.
Be recognized
Alongside a competitive salary, we offer a variety of benefits including annual bonus, retention bank, health insurance, pension and other local benefits.
Be inspired
Beyond your day-to-day working life at Lightsource bp, there’s a variety of initiatives that will contribute to your own personal development. Initiatives to get involved with including our charitable causes, supporting our solar honey project or our sustainability initiatives.
Our Core Values
Lightsource bp truly cares about creating a sustainable future through safe, responsible, and meaningful low carbon energy projects. Our core values of Safety, Integrity, Respect, Sustainability and Drive are the guiding principles for everything we do.
https://www.lightsourcebp.com/careers
