US Power Markets Internship
Do you have strong analytical skills and an interest in energy markets, trading, and price formation? Are you curious about how U.S. power markets work, why day-ahead and real-time prices diverge, and how data-driven models can help identify market opportunities? Then an internship as a US Power Markets Intern at Northpool could be a strong fit for you.
Grasp the opportunity
U.S. power markets are complex, fast-moving, and increasingly shaped by volatility. Weather, load, renewable generation, congestion, fuel prices, outages, and market design can all influence how prices form across day-ahead and real-time markets. These dynamics create both risk and opportunity for market participants who can understand, model, and anticipate price movements.
As a US Power Markets Intern, you will contribute to analytical and modeling projects that support our understanding of U.S. power price dynamics. Your work may involve researching market drivers, analyzing day-ahead and real-time price behavior, improving forecasting models, validating trading signals, and developing tools that help traders and analysts make better-informed decisions.
You will learn by working on real market questions and will be involved in the full analytical process: from understanding market fundamentals and formulating hypotheses to working with data, developing models, testing results, and presenting insights. During your internship, you will work closely with traders, analysts, and quants, gaining exposure to how models and market views are used in practice.
Your challenge? Make a concrete impact by helping improve our understanding of U.S. power markets and contributing to robust models, forecasts, and analytical tools used by the trading team.
As an intern, you will first learn about Northpool’s markets, data, tools, and modeling approach. You will then work on your own project related to U.S. power markets and price modeling. This could include analyzing price spreads, identifying drivers of extreme market moves, improving forecasting signals, or building practical tools to support trading decisions. You will be encouraged to implement ideas in a structured, reliable, and commercially relevant way.
What we ask
- Being in the final stage of, or recently completed, an analytical or quantitative degree at the MSc level
- Interest in U.S. power markets, energy trading, and price modeling
- Interest in the full analytical process: from market research and data analysis to model development, validation, and implementation
- Programming experience, preferably in Python
- Strong analytical skills and the ability to translate market questions into structured analysis
- Curiosity about market fundamentals, price formation, and data-driven decision-making
- Logical reasoning and a problem-solving mindset
- Attention to detail and ability to learn quickly
- Team player with clear communication skills
- Clear and fluent in English
What we like
- Knowledge of energy, commodity, or financial markets; familiarity with U.S. power markets is a strong plus
- Interest in day-ahead and real-time power markets, congestion, load forecasting, or price spreads
- Knowledge of statistics, probability, time series analysis, machine learning, or mathematical modeling
- Interest in forecasting, market fundamentals, trading signals, or price-impact modeling
- A proactive, flexible, and practical work mentality
What we offer
- A non-hierarchical workplace
- Young and highly motivated teammates
- Learning opportunities in energy trading, U.S. power markets, and data-driven modeling
- Exposure to real market questions and trading decision-making
- A stepping stone to a career in energy trading, market analysis, or quantitative modeling
- Ownership of your project and the opportunity to make a visible contribution
- A fun workplace, where no two days are ever the same
For this internship, we are looking for candidates who can work from our Leiden office.
Interested in working on U.S. power markets, price modeling, and trading analytics at Northpool? Apply now and don't forget to submit your CV, motivation letter, and grade list.
Acquisition based on this vacancy is not appreciated.
Apply for this vacancy
Do you want to apply for this position?
Please submit your CV, motivation letter, and grade list (for junior positions), or contact us at +31 (0)88 2400 300.
We will respond to your application within two weeks.