"There has been an explosion of data and the need to analyze this is becoming ever more important. Desks that survived without it and relied more on relationships now realize they need to build out."
All the data is also transforming the role of the modern power trader. More and more utilities and specialist companies are now using automated systems to buy and sell electricity -- sometimes just minutes or hours before delivery.
In Aarhus, Denmark's second biggest city, a whole new industry has emerged focused on short-term power markets. Trading company MFT Energy said it has hired staff from local competitors, while peer InCommodities are hiring both traders and software developers this year and next, Chief Executive Officer Jesper Severin Johanson said by email.
"It is all about data and programming skills," said Henry from H.W. Anderson. "Power is very tech and programming driven, and these skills are the biggest trend in the power trader hiring."
https://www.bloomberg.com/news/articles/2019-03-04/big-bonuses-return-for-european-energy-traders-as-prices-rally?srnd=premium-europe
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