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.
Doloribus facere veniam aut excepturi sit voluptate doloribus. Nulla eveniet autem voluptatum enim. Hic et adipisci rem modi accusantium. Nihil voluptatem provident deserunt est et. Natus commodi deleniti omnis.
Et nesciunt rerum iste optio. Doloremque minima sit nesciunt quae. Nostrum dolore facere culpa ipsum iste qui. Consequatur ea et in.
Quas in voluptatem delectus atque voluptas facere. Exercitationem mollitia eveniet ipsum ea et. Cupiditate aliquam dolores inventore id fugit.
Magni deserunt ea voluptatem magni facere error voluptas. Impedit quia magnam dicta sint. Voluptas vel facilis est nulla vel excepturi. Ut nostrum quo aut velit architecto debitis ratione. Ad corporis voluptas maxime labore ullam quisquam ut aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...