Physical Trader II

NextEra Energy•Juno Beach, FL

5d•Onsite

About The Position

The trader will develop strategies to engage effectively in the real-time and short-term energy markets, optimizing client generation and native load requirements in bilateral and/or RTO markets. This position will work closely with the generation and fuels teams to allocate the plant’s resources and make economic decisions, while securing the necessary transmission for delivery. Candidates should be familiar with the economic and dispatch characteristics of combined cycle, peaking, nuclear, and pump storage facilities, as well as other generating units. Additionally, they should understand the protocols and requirements outlined in ISO/RTO tariffs. Proficiency in using the PJM, SPP, and MISO market portals, as well as other industry tools used to reserve transmission and tag market transactions, is required.

Requirements

High School Grad / GED
Bachelor's Degree
Proficiency in using the PJM, SPP, and MISO market portals, as well as other industry tools used to reserve transmission and tag market transactions, is required.
Familiarity with the economic and dispatch characteristics of combined cycle, peaking, nuclear, and pump storage facilities, as well as other generating units.
Understanding of the protocols and requirements outlined in ISO/RTO tariffs.

Nice To Haves

Bachelor's - Business Administration
Fuel Sales
Gas Trading
Oil Trading
Power Purchase/Sales
Unit Commitment
Wholesale Services

Responsibilities

Support asset optimization targets by making informed decisions based on unit capabilities, market fundamentals, fuel prices, constraints, economic dispatch, ramp issues, and curtailments, while effectively managing fuel burns and other relevant factors.
Receive and accurately communicate unit status changes from plant sites and control areas to the Day Ahead Power and Fuel Desks. Ensure all information gathered is properly logged to facilitate compliance and an effective shift turnover.
Monitor market conditions, coordinate with control areas to optimize client resources for meeting load obligations, and arrange fuel procurement if needed.
Engage with market participants to develop, negotiate, and execute transactions that will provide value to the portfolios.
Collaborate with Term Trading and Business Management employees to evaluate specific market conditions that would help develop trading strategies to optimize client resources.
Identify and maintain knowledge of clients’ generation and resource assets.
Ensure all transactions are profit driven, based on energy price, transmission, counterparty contracts, and credit limits, while adhering to compliance and risk policies.
Comply with and support all corporate policies and adhere to all regulatory requirements, including but not limited to NERC, FERC, and relevant state regulations as applicable.
Mitigate market exposure by closing out open book positions.
Manage communications between reliability entities, generators, and client operators.
Analyze energy and transmission alternatives to proactively transact in new markets.
Maintain knowledge of tagging requirements and methodologies stated in the tariffs and business practices of the applicable transmission providers and RTO/ISO markets.
Accurately record all necessary purchase and sale details in log and deal capturing systems.
Interface with and manage requests and projects involving clients and various company departments, including Traders, Business Development, Origination Group, Information Technology, Settlements, Regulatory, Credit, Contracts, and other departments.
Work a rotating shift on the trading floor as part of a team to provide 24 hour coverage for the portfolios.
Demonstrate excellent customer management skills and the ability to build business relationships with other counterparties.
Use excellent written and oral communication skills to relay real-time market information to various personnel on the trading floor.
Prioritize tasks by responding appropriately to the most important obligations.
Use strong analytical skills to demonstrate superior attention to detail while acting as a subject matter expert by adhering to established procedures and protocols.
Monitors market conditions and analyzes transactions to help in identifying and executing energy trades.
Ensures transaction terms are beneficial to the organization and meet risk guidelines.
Optimizes economics to assure minimum energy supply costs and maximizes profits for generation portfolio.
Determines generation requirements and coordinates fuel procurement to meet obligations.
Coaches junior traders.
Performs other job-related duties as assigned.