The predictive value of weather forecasting models @ Eneco https://customerimages.magnet.me/cover-3068c36b79a88de8af6696cdc99ede62c95d10a0_1170_418.jpg?fit=crop https://magnet.me/a/company/eneco/opportunity/6172/the-predictive-value-of-weather-forecasting-models?lang=en Job description Eneco Energy Trade (EET, 120 fte) is the interface between the Eneco group and the wholesale markets for tradable commodities, such...

The predictive value of weather forecasting models

The predictive value of weather forecasting models

Internship

Rotterdam, Netherlands

Negotiable

Job description

Eneco Energy Trade (EET, 120 fte) is the interface between the Eneco group and the wholesale markets for tradable commodities, such as gas and power. EET is the business unit that takes over risks in return for premiums and manages the flows that come from assets and supply channels. We use origination to balance all flows within our entire portfolio through strategic management. Asset Backed Trading (ABT, 12 fte) is the single trading team within EET directly at the commodities market. ABT’s mission is to facilitate complex, flexible and thus profitable commercial activities. The two main targets of ABT are strategic hedging of positions and optimization of the customer and asset books. These activities form the life line of Eneco. ABT has established itself as a market knowledge and trading skills center with full-on market focus, supporting both talent recruitment and development within EET. ABT is constantly looking at all energy markets and especially at short term power markets which are heavily influenced by weather. In this respect we have the following question: Which weather forecasting models (ECMWF/GFS/HIRLAM/DWD) have the best predictive value for power fundamentals on the short term? Can we indicate situations in which specific and consistent differences between those models occur and can we apply parameterizations on the individual models in these situations in our trading strategies?

Your activities

• Doing research for ABT in order to facilitate trading activities while getting acquainted with the energy market

Your profile

  • You have analytical and quantitative skills
  • You can learn new things quickly and can change flexibly in our dynamic organization
  • You have a high energy level and an enthusiastic and positive attitude
  • You have a clear vision of your profession and you know the strategy of Eneco
  • You are result oriented
  • Good communication skills in English
  • Knowledge on R and/or Python

Our offer

Working at Eneco means working for a sustainable company. You will work in a beautiful and modern building at a location that is easily attainable: it’s only a two minutes’ walk from the metro and train station of Rotterdam Alexander.

The cultural values of Eneco are: Customer First, Together and Trust & Responsibility. The result of those values creates a pleasant and informal working environment with a lot of possibilities for individuals to reach their ambitions.

Because of the changes in the energy sector you and your team must be in shape for the transition. A tough job with challenging but achievable targets. We reward you for this with our good and modern working conditions.

Interest?

Do you need more information? Please contact Tim Blok of the Eneco Stage Desk. His phone number is 0611527907 and his email is stagedesk@eneco.com. Would you like to apply immediately? Click on the ‘Apply’ button and send your CV and motivation. Our preference goes to a Dutch application letter. If you don’t speak Dutch, you can write your application letter in English. You will receive a response as soon as possible.