Optimisation and Trading Analysis Intern

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world

When you join EDF Trading you’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches and think outside the box.

Energy markets evolve rapidly so our team needs to remain agile, flexible and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil and environmental products.

EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field. Energy is what we do.

Most of all, we value our people. Become part of the team and you will be offered a great range of benefits which include hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessment, corporate gym memberships, electric car lease programme, childcare vouchers, cycle to work scheme, season ticket loans, volunteering opportunities and much more. We even provide free fruit to keep you healthy.

Gender balance and inclusion are very high on the agenda at EDF Trading so you will become part of an ever-diversifying family of around 800 colleagues based in London, Paris, Singapore, Tokyo and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group, a world leader in low-carbon sustainable electricity generation partnered with JERA, one of Japan’s largest utilities; the perfect organisation at which to begin or progress your career in the commodities sector.

Join us, make a difference and help shape the future of energy.

Job Description:

- Department
- Optimisation and Trading Analytical Team

The team is part of a wider Quantitative Modelling and Analytics team and is a dynamic group of 10 professionals based in both Paris and London. Our team’s primary mission is to develop sophisticated market forecasting models and asset optimisation tools. These tools are instrumental in supporting EDF Trading’s proprietary activities and optimising the EDF Group portfolio. The team efforts are directed towards both the short-term electricity markets as well as the longer-term horizon and other commodities. We work closely with the trading desks and other analyst teams in both locations, fostering a collaborative environment that drives our success.

Position purpose
- Fundamentals (wind, solar, load, etc.) are key drivers influencing prices in the Pan-European intraday electricity market.

The main objective of the internship is to contribute to the improvement of both forecasting intraday price and having an accurate probabilistic view of that forecast, within EDFT’s intraday forecasting model.

The internship will initially focus on analysing and understanding our existing platform. Following a comprehensive market analysis, the intern will adapt the probabilistic model to enhance its representation of uncertainty. During this phase, the intern will collaborate closely with team members, proposing advanced probabilistic methods to improve the current framework.

The second part of the internship will focus on implementing, testing and validating these new approaches with the help of the intern’s supervisor in EDFT forecasting framework on specific market areas. Once results are validated and implemented, the intern will present the work to power trading desks and contribute to the deployment of the solution in production.

This is a great opportunity to work on a model used by one of the largest power trading firms in Europe.

Main responsibilitiesExplore and propose new methods to improve forecasting intraday electricity price and associated uncertainty.- Ensure implementation in the existing python model to prepare deployment in production.- Analyse results and present them to EDFT power desks.

Person specifications and professional requirementsDemonstrated skills in probability, statistics- Strong analytical skills- Interest in energy markets- Coding skills in Python- Good communication skills

Duration:

- 6 months, starting April or May 2024
- Hours of work:

- 35 hours/week, Monday to Friday