Mr. Elsik has ~18 years of experience in energy trading and risk management. In 2012 he launched Geosol Capital, where he serves as the principal and head trader. He oversees daily operations and trading in power and natural gas markets. He oversees all trading, fundamental analysis, and market research for the funds managed by Geosol.
In 2005, he co-founded Keystone Energy Partners, LP. In that capacity he was responsible for all of the trading desks. He actively developed and executed strategies in multiple domestic electricity markets (ERCOT, PJM, and MISO), natural gas markets, and oil markets. He also worked with other employees to design and implement a highly automated risk control, position reporting, and capital allocation process including the design of proprietary risk software, which are currently in use at Geosol Capital. While at Keystone, in 2008 Mr. Elsik co-founded Kinetic Energy, a wholly owned subsidiary of Keystone which provides retail electric services in ERCOT. He was responsible for the supply side (commodity pricing, risk management, and hedging) of the retail franchise. Kinetic grew to serve 20,000 customers in 3 years solely through organic growth. Keystone sold Kinetic in early 2012.
Prior to the formation of Keystone, Mr. Elsik was the Director of Reliant Energy’s ERCOT trading desk. In this capacity he was primarily responsible for the hedging and position management of Reliant Energy’s ERCOT position, including its load obligation (~22% of the state of Texas), and several jointly owned power plants. He worked with the origination and structuring groups to design and transact products to optimally serve Reliant’s substantial electric demand (nearly all supplied by bilateral contracts after 2001). He also worked with senior management to implement pricing and hedging programs that better managed the companies commodity risk. Mr. Elsik began his career at Reliant in the risk control group as a position analyst for weather and power derivatives in June of 2000. He holds a Bachelor of Science degree in Finance from the University of Texas where he graduated in May of 2000.