Energy Market Manager - Energy Supply & Risk Management

City of Austin

20d•Onsite

About The Position

JOIN THE CITY OF AUSTIN TEAM At the City of Austin, we are more than just an employer—we are a vibrant community dedicated to shaping one of the nation's most dynamic and innovative cities. As we strive to fulfill our commitment as public servants, it is important that we ground our efforts in a set of guiding principles – Empathy, Ethics, Excellence, Engagement, and Equity – anchors in delivering services that significantly impact the lives of Austinites. Joining the City of Austin means embarking on a purposeful career, contributing to the community, and being part of a forward-thinking organization that values every employee. What Makes the City of Austin Special? Make a Difference: Join a team driving meaningful change in one of the fastest-growing cities in the nation. Value and Innovation : Work in an environment where employees are valued and innovation thrives. Competitive Benefits: Enjoy a comprehensive compensation package that includes generous leave, work-life balance programs, and extensive benefits. Retirement Security: Plan for the future with the City of Austin Employees' Retirement System. Sustainable Transportation Options: Commute easily with access to public transit and bike-friendly infrastructure. Focus on Wellness: Stay healthy through wellness programs, on-site fitness centers, and mental health support. Career Growth: Advance your skills and expertise with professional development and leadership opportunities. Modern Workspaces: Work in innovative and sustainable environments that foster collaboration and inspiration. By joining us, you become part of a community that values its people and is committed to making Austin the most thriving and resilient city in the country. Job Description: Purpose: Under limited supervision responsible for management of wholesale energy market functions including energy marketing and dispatching, market systems development and implementation, wholesale market analysis and load forecasting, fuel procurement and risk management for Austin Energy. Duties, Functions and Responsibilities: Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned. Responsible for managing a staff consisting of professional, technical, and administrative employees. Responsible for delivering reliable wholesale energy supplies to Austin Energy at competitive prices Implement, monitor and evaluate complex programs including but not limited to: generation dispatch, QSE operations, wholesale energy market analysis, energy risk management, fuel procurement and energy supply and sales. Manage sections that may include energy marketing and dispatching, market systems development and implementation, wholesale market analysis and load forecasting, fuel procurement and risk management including forecasting, hedging, trading and performance monitoring. Manage systems development, implementation and integration for ERCOT settlement, market operations, load forecasting and power operations systems Manage analysis and forecasting of electric power, natural gas, coal and related commodity prices and market trends, in the Texas and U.S. markets Manage the development and implementation of wholesale energy supply. marketing and operating strategies. Responsible for O&M and capital budgets, work plans and achievement of objectives. Manage staff participation in the ERCOT market design and development process. Represent the City of Austin and Austin Energy interests to boards, commissions, councils. Serve as Director, Energy Market and Operations in their absence. Responsible for crucial decisions with significant financial impact on multi-million dollar budgets. Responsibilities - Supervisor and/or Leadership Exercised: Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal. Knowledge, Skills, and Abilities: Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed. Knowledge of wholesale fuel and electric markets and evolving industry and regulatory developments, both nationally and in Texas Knowledge of Austin Energy's wholesale fuel and energy requirements Knowledge of the impacts of recent deregulation trends in the fuel and energy markets Knowledge of utility financial practices, including budget preparation, financial, regulatory and managerial accounting practices Knowledge of systems used to forecast, evaluate and transact business in the wholesale fuel and energy markets Knowledge of applicable processes, techniques, and methods. Knowledge of Federal, State, Local laws, and ordinances governing fuel and energy markets. Knowledge of supervisory and managerial techniques and principles. Skill in planning, organizing, and managing multiple complex projects concurrently Skill in oral and written communication. Skill in handling multiple tasks and prioritizing. Skill in handling conflict resolution Skill in using computers and related software applications. Skill in data analysis and problem solving. Ability to work with frequent interruptions and changes in priorities. Ability to train others. Ability to quickly recognize and analyze irregular events. Minimum Qualifications: Graduation with a Bachelor’s degree from an accredited college or university, plus seven (7) years experience in a related field, two (2) years in a supervisory or lead capacity. Notes to Candidate: This position manages the team responsible for market price risk management for the wholesale portfolio in ERCOT, renewable PPAs and origination, hedging, bilateral trading, market strategy development, contract negotiation, ERS, DR deployment as well as other wholesale related market activities. This team enters into market positions from balance of the month to 25 years out on the forward curve. This position has been designated as a Critical Employee position. Critical Employees are considered necessary and vital and supports activities that impact City or department operations. This work can be done while at a designated work site or while working at an alternate work location. Critical employees who are able to work at an alternative work location are required to do so. Schedules may be modified, and employees may be reassigned to another area during extraordinary situations or emergency conditions to provide essential services. Work Location: 4815 Mueller Blvd., Austin, TX 78723 Work Hours: Monday through Friday 8:00 a.m. to 5:00 p.m. May work evenings, weekends or holiday to support the 24-hour Utility operations.

Requirements

Knowledge of wholesale fuel and electric markets and evolving industry and regulatory developments, both nationally and in Texas
Knowledge of Austin Energy's wholesale fuel and energy requirements
Knowledge of the impacts of recent deregulation trends in the fuel and energy markets
Knowledge of utility financial practices, including budget preparation, financial, regulatory and managerial accounting practices
Knowledge of systems used to forecast, evaluate and transact business in the wholesale fuel and energy markets
Knowledge of applicable processes, techniques, and methods.
Knowledge of Federal, State, Local laws, and ordinances governing fuel and energy markets.
Knowledge of supervisory and managerial techniques and principles.
Skill in planning, organizing, and managing multiple complex projects concurrently
Skill in oral and written communication.
Skill in handling multiple tasks and prioritizing.
Skill in handling conflict resolution
Skill in using computers and related software applications.
Skill in data analysis and problem solving.
Ability to work with frequent interruptions and changes in priorities.
Ability to train others.
Ability to quickly recognize and analyze irregular events.
Graduation with a Bachelor’s degree from an accredited college or university, plus seven (7) years experience in a related field, two (2) years in a supervisory or lead capacity.

Nice To Haves

Experience developing market strategies that optimize varying assets in power portfolios.
Experience with hedging philosophies that meet the needs of public power entities.
Experience leading teams of marketers and analysts gaining consensus and growing collaboration among groups.
Experience in managing and negotiating power contracts.
Knowledge of emerging power generation technologies.
Experience presenting market concepts and portfolio results to senior level management.

Responsibilities

Responsible for managing a staff consisting of professional, technical, and administrative employees.
Responsible for delivering reliable wholesale energy supplies to Austin Energy at competitive prices
Implement, monitor and evaluate complex programs including but not limited to: generation dispatch, QSE operations, wholesale energy market analysis, energy risk management, fuel procurement and energy supply and sales.
Manage sections that may include energy marketing and dispatching, market systems development and implementation, wholesale market analysis and load forecasting, fuel procurement and risk management including forecasting, hedging, trading and performance monitoring.
Manage systems development, implementation and integration for ERCOT settlement, market operations, load forecasting and power operations systems
Manage analysis and forecasting of electric power, natural gas, coal and related commodity prices and market trends, in the Texas and U.S. markets
Manage the development and implementation of wholesale energy supply. marketing and operating strategies.
Responsible for O&M and capital budgets, work plans and achievement of objectives.
Manage staff participation in the ERCOT market design and development process.
Represent the City of Austin and Austin Energy interests to boards, commissions, councils.
Serve as Director, Energy Market and Operations in their absence.
Responsible for crucial decisions with significant financial impact on multi-million dollar budgets.
Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.

Benefits

generous leave
work-life balance programs
extensive benefits
City of Austin Employees' Retirement System
public transit and bike-friendly infrastructure
wellness programs
on-site fitness centers
mental health support
professional development
leadership opportunities
low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, career development opportunities