Power vs Nat Gas for Starting out
Hey there,
Will be joining a physical commodity shop for this summer. Given the choice between a power or nat. gas desk, which one would be a better place to start?
Thanks!
What markets?
PJM, ISONE, NYISO.
Can offer somewhat helpful advice given I'm on a Ng desk for my internship. Since it's a physical shop I would elect to choose gas given the future of the industry, though I am biased obviously. I think from a fundamental perspective you will have a more enveloping experience by starting out in Ng as it is heavily dependent on reading supply/demand balances, weather adjustment (albeit not so much now in the shoulder months), storage, res/comm, power burn (which I'll say is extremely difficult to model given renewable growth in the power stack). This will give you an excellent base (or refresher) in economics, with real-world implications, and not just theoretical classroom, ceteris paribus bs. If you have any specific questions feel free to PM me, I'm at a supermajor fwiw.
Hey, thanks for sharing.
Would you say its easier to lateral to a similar role in gas than power? I'm not knowledgeable with the different shops and having the option to move to another shop in a different location is something that I would want to have. My shop is relatively small, but I've seen FT spent ~1.5 year and they move straight into a trading role.
Power is more about distribution. Nat gas more about production/arb.
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