Power Trading offer

Recently got an offer to join a boutique as a RT power trader (I have no background in power btw) at a boutique.  The pay is probably going to be 150k all in from conversations (given I'll need training).  Am i shooting myself in the foot by going to a smaller shop?  I'm not familiar with the industry, so not sure if I should try to join a bigger name shop.

 

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Makes sense.  Is there like a comprehensive list of these firms that I can find?

 

If you're already on the desk, look up transmission reservations that firms are grabbing for the flows you're most familiar with to get a better sense of who the major participants are and the motives behind getting that tx. Usually, it's good enough to decipher whether they're flowing DA commitments or bidding hour to hour or just scheduling generation etc

 
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Depends on what kind of trading your wanting to do. RT is typically entry level. But it will be a fantastic way to learn the fundamentals and how spot prices are set. Biggest problem with boutique firms in this space is that they probably will have trouble getting credit. Capital requirements in this business can be huge. But you can always learn the industry and move elsewhere in a few years. Demand for power traders is high and only going to continue to grow so I think you'll be fine in the long run.

 

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