Power Trader

The Energy Authority Inc•Jacksonville, FL

About The Position

The Energy Authority is a public power-owned, nonprofit corporation with offices in Jacksonville, Florida, and Bellevue (Seattle), Washington. TEA provides public power utilities with access to advanced resources and technology systems so they can respond competitively in the changing energy markets. Through partnership with TEA, utilities benefit from an experienced organization that is singularly focused on deriving the maximum value of their assets from the market. The primary purpose of this position is to manage and optimize Client generation and load asset portfolios in bilateral and/or RTO markets. The trader will develop short-term strategies for generation offers, load bids, bilateral transactions, and transmission/congestion products for both client and proprietary positions. This position will work closely with Client dispatch and planning coordinators, and internal staff to make economic decisions on short-term and real-time unit issues and intra-day planning.

Requirements

Minimum of 5 year of energy industry-related experience in power trading and/or related trading floor function required.
Bachelor's degree from a four-year accredited college or university is required
Strong technical skills with Microsoft Office Products (especially Excel); and programming skills in Visual Basic, or Python are highly desired.

Nice To Haves

MBA or other advanced degree is a plus.
Experience with RTOs and/or ISOs highly desired.
Experience trading financial energy products is a plus.
NERC certification is a plus.
National Futures Association Series 3 is a plus.
Chartered Financial Analyst (CFA) is a plus.

Responsibilities

Ensures accurate submission of client load and assets.
Develops and maintains strong working relationships with appropriate staff at Clients.
Works with clients to define portfolio positions and develops short-term risk management strategies (physical and financial) to increase margin and lower power costs, while minimizing risk.
Coordinates with all necessary internal staff to bridge the gap between the longer-term strategies and the shorter-term trading functions.
Maintains current knowledge of TEA’s client resource mix, including understanding of congestion impacts.
Reviews and participates in the decision-making process with Analytics on client congestion hedging strategies.
Accurately performs and records all trading functions for clients using trading tools, including (but not limited to) generation, load, purchases, sales, tags, deal information into the portals, and deal capture system.
Obtains market discoveries to broaden our market knowledge and increase trading opportunities.
Ensures compliance with all applicable FERC orders, NERC, and other applicable reliability standards, and transmission tariffs and business practices.
Maintains current knowledge of markets (RTO and/or Bilateral) to include market business practice, tariff, and other market related information.
Develops strong working knowledge of market protocols and operations and takes advantage of ongoing learning opportunities.
Participates in Market related meetings.
Responsible for ensuring applications are up to date with market changes, analyzing impacts to TEA and clients of market changes, and disseminating all market notifications (including Tariff/BPM changes) for their respective markets.
Overnight(s) travel required attending industry functions, training seminars as well as visits to Members and Partners, as needed.
Works weekends/holiday as the schedule requires.
Ability to temporarily relocate out of the local area in times of natural disasters or for other business continuity reasons.
Understands impacts of industry trends/technological change and leads clients and TEA adapt and capture value.
Gains and maintains proficiency with the analytical tools to assess the effectiveness of strategies.
Provides testing of new tools as TEA moves into new markets, as markets evolve, and as new Partners are added.
Consistently looks for new ways to use tools to improve workflow and output.
Uses various vendor and proprietary tools to conduct analysis including, but not limited to, PowerOptix, Yes Energy, Genscape, WSI, webTrader, etc.
Trains new staff as well as other team members, including but not limited to Energy Schedulers, Hourly Traders, Portfolio Managers, and Members/Partners.
Is a resource on RTO/Bilateral market rules for TEA and Members/Partners.
Attends relevant Market and Technology training sessions as available in person and/or online.
Manages positions for TEA by negotiating short-term physical and financial energy transactions.
Identifies and captures opportunities that create value for TEA in transmission, bilateral, congestion products and virtual markets.
Coordinates with all necessary internal staff to bridge the gap between the longer-term strategies and the shorter-term trading functions.
Maintains current knowledge of TEA’s resource mix.
Pro-actively pursues transmission opportunities for TEA.
Analyzes congestion trends, including line outages, anomalies, and opportunities.
Accurately performs and records all trading functions using trading tools, including (but not limited to) purchases, sales, tags, deal information into the portals, and deal capture system.