Adnan Poonawala

Adnan Poonawala Email and Phone Number

Houston, TX, US
Adnan Poonawala's Location
Houston, Texas, United States, United States
Adnan Poonawala's Contact Details
About Adnan Poonawala

Energy professional with over seven years of experience in trading and risk management in the highly competitive and complex U.S. power markets. Through management of hedging and optimization strategies in wholesale and retail markets, I have developed extensive exposure to market fundamentals, regulatory drivers and negotiated multi-million dollar transactions across several markets. Products traded include physical energy and ancillary products, swaps, spreads, options, weather derivatives and capacity products.

Adnan Poonawala's Current Company Details
ENGIE Global Energy Management & Sales (GEMS)

Engie Global Energy Management & Sales (Gems)

View
Trader
Houston, TX, US
Website:
engie.com
Employees:
43973
Adnan Poonawala Work Experience Details
  • Engie Global Energy Management & Sales (Gems)
    Trader
    Engie Global Energy Management & Sales (Gems)
    Houston, Tx, Us
  • Engie North America Inc.
    Manager, Portfolio Managment
    Engie North America Inc. Jul 2022 - Present
    Houston, Texas, Us
  • Mitsubishi Power Americas
    Senior Manager, Strategic Pricing
    Mitsubishi Power Americas Sep 2021 - Jun 2022
    Lake Mary, Fl, Us
  • Edf Trading
    Sr. Power Trading Analyst
    Edf Trading Nov 2019 - Sep 2021
    London, London, Gb
  • Just Energy
    Senior Power Trader
    Just Energy Jun 2018 - Nov 2019
    Houston, Texas, Us
    • Lead Trader for Just Energy’s short-term power portfolio management team; responsible for short-term risk management, and optimization strategies across the U.S. portfolio (ERCOT, PJM, NYISO, ISONE & CAISO)• Managed market risk, by leveraging power, natural gas, renewables fundamentals, including supply and demand, financial, and regulatory information• Responsible for assessing load-following risk through the term and maintaining curves to reflect market implied volatility cost• Designed short-term seasonal hedging strategies to effectively mitigate market volatility on load following contracts through the execution of swaps, vanilla options, and weather derivatives• Created the framework to hedge long-term load-following exposure in illiquid options markets in order to preserve design margin• Evaluated load forecasts and collaborated with load forecasting to provide feedback and increase accuracy• Collaborated with Chief Risk Officer and Head of North American Trading on strategies to manage credit exposure to ISOs and counter-parties in order to optimize margin postings and corporate cash flow• Developed customer pricing, and strategies to optimize Just Energy’s residential demand response program in wholesale markets
  • Just Energy
    Power Trader (Ercot & Caiso)
    Just Energy Apr 2015 - Jun 2018
    Houston, Texas, Us
    • Responsible for hedging and optimizing Just Energy’s largest portfolio in ERCOT and CAISO, comprising over 3,000MW of peak load obligation• Designed seasonal risk strategy through scenario analysis and valuing associated hedges to deliver design margin on retail portfolio• Led the project team for identifying exposure from ERCOT Ancillaries obligation, resulting in design of risk limits, appropriate costing curves and executed trading strategies to bring portfolio within risk limits• Expanded pool of counterparties for Just Energy and further strengthened existing supplier relationships to increase access to market liquidity• Structured and negotiated several Power Purchase Agreement opportunities with natural gas peaking generation and renewable energy developers culminating in Direct Green product, serving several commercial and residential customers• Developed and maintained daily cost curves including energy, zonal basis, ancillaries and capacity• Monitored and responded to market and regulatory changes in various markets
  • Just Energy
    Short-Term Power Trader
    Just Energy Apr 2013 - Apr 2015
    Houston, Texas, Us
    • Developed intra-month strategy to manage market risk exposure, due to short-term grid fundamentals including load swing resulting from weather, generation outages, and transmission constraints• Drove monthly and annual CRR Auction strategy to optimize short and long-term basis exposure• Developed and executed price sensitive bidding strategies to optimize portfolio• Responsible for accurate daily scheduling and bidding residual positions into the market• Successfully integrated wholesale activities during multiple acquisitions removing redundancies in trading and reporting activities
  • Just Energy
    Analyst, Supply & Trading Operations (Ercot, Pjm, Nyiso)
    Just Energy May 2011 - Apr 2013
    Houston, Texas, Us
    • Created and maintained Just Energy’s short-term portfolio for NYISO and PJM, including load forecasts, protocols for daily position reporting and management, and developed counterparty relationships• Developed and improved “top-down” forecasting methodology for ERCOT, NYISO and PJM portfolios, which reduced overall MAPE from ~8% to under 4%• Established reporting procedures on market fundamentals, portfolio positions, profit & loss, and gross margin impact for Senior Management
  • James A. Baker Iii Institute For Public Policy -- Rice University
    Intern - Center For Energy Studies (Previously Energy Forum)
    James A. Baker Iii Institute For Public Policy -- Rice University Jun 2008 - May 2010
    Houston, Texas, Us
    • Researched cross-commodity price relationships to explore the relationship between petro-dollars and economic cycles for 'Oil, Dollars, Debt and Crisis: The Global Curse of Black Gold' by Amy Myers Jaffe & Mahmoud A. El-Gamal• Analysed spill data for offshore drilling operations to support a paper proposing to ease federal regulations• Investigated growth trends in Chinese automobile ownership to forecast impact on global energy demand• Examined financials of large oil companies to understand the relationship between E&P investment and oil prices. Research used in Congressional testimony
  • Cera
    Intern
    Cera Jun 2009 - Aug 2009
    London, United Kingdom, Gb
    • Researched trends in market capitalization for E&P firms due to increased volatility in oil prices from 2005-2008• Conducted market research to investigate competitor product offerings in unconventional energy consulting• Analysed and presented findings on trends in global drilling lease buy-ins to senior research team

Adnan Poonawala Skills

Energy Analysis Economics Commodity Research Trading Data Analysis Public Policy Risk Management Analytics Finance Investments Matlab

Adnan Poonawala Education Details

  • Rice University
    Rice University
    Economics & Managerial Studies
  • Charles University
    Charles University
  • Karachi Grammar School
    Karachi Grammar School
    A-Levels

Frequently Asked Questions about Adnan Poonawala

What company does Adnan Poonawala work for?

Adnan Poonawala works for Engie Global Energy Management & Sales (Gems)

What is Adnan Poonawala's role at the current company?

Adnan Poonawala's current role is Trader.

What is Adnan Poonawala's email address?

Adnan Poonawala's email address is ap****@****rgy.com

What schools did Adnan Poonawala attend?

Adnan Poonawala attended Rice University, Charles University, Karachi Grammar School.

What are some of Adnan Poonawala's interests?

Adnan Poonawala has interest in Economic Empowerment, Amateur Mughal Historian, Education, Novice Tennis Player, Keen Traveler, Aspiring Photographer.

What skills is Adnan Poonawala known for?

Adnan Poonawala has skills like Energy, Analysis, Economics, Commodity, Research, Trading, Data Analysis, Public Policy, Risk Management, Analytics, Finance, Investments.

Who are Adnan Poonawala's colleagues?

Adnan Poonawala's colleagues are Jean-Christophe Clement, Héloïse Gries, Leo Mark Salvador, Ion Mastacan, Yves Bouffioulx, Patrick Meert, Agustin Sanchez Sanchez.

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