Term Trader II-III

Arizona G&T Cooperatives•Benson, AZ

About The Position

The Term Trader III manages the day-ahead and forward power positions of AEPCO's members across both centralized ISO/RTO markets and bilateral, over-the-counter physical markets in the Western Interconnection (WECC). This role is responsible for optimizing generation and load positions in term ISO/RTO markets, as well as negotiating and executing bilateral purchase/sale transactions directly with counterparties, arranging and confirming transmission service across western paths, and tagging and scheduling physical delivery across WECC balancing authorities.

Requirements

Bachelor's Degree in Finance, Economics, Engineering, Mathematics, or related field.
Three to five years of prior experience in real-time or short-term power trading, scheduling, or transmission operations, spanning ISO/RTO markets and/or WECC bilateral markets.
Strong understanding of wholesale electricity market structures, forward curve dynamics, generation economics, LMPs, congestion, and ancillary services in ISO/RTO and WECC bilateral markets.
Hands-on, working knowledge of the NERC e-Tag system (creating, approving, adjusting, and curtailing tags) and the physical/contract path tagging process across WECC balancing authorities.
Practical experience with OASIS for reserving, confirming, and managing transmission service.
Strong understanding of standard bilateral trading terms (EEI Master Power Purchase and Sale Agreement, WSPP Agreement).
Proficiency with trading and scheduling systems (e.g. MCG, PowerOptix), e-Tag authoring tools, and market data platforms (e.g. OMS, CROW, CIDI).
Strong Excel skills; comfortable working with large datasets.
Ability to make quick, well-reasoned decisions under time pressure and market volatility.
Strong analytical, quantitative, and problem-solving skills.
Excellent communication skills and ability to work cross-functionally with counterparties, schedulers, transmission system operators, and balancing authorities.
Current AEPCO Trading Qualification Card or ability to pass within 6 months.
Any equivalent combination of education, training, and/or experience can be substituted for requirements listed above.

Nice To Haves

Maintain an active NERC Operator certification is preferred, e.g. Balancing and Interchange (BI) or Reliability Coordinator (RC).
Ability to train other Term Traders.

Responsibilities

Monitor and manage day-ahead and forward power positions across assigned ISO/RTO markets (e.g., CAISO, CAISO WEIM, SPP RTOE, SPP Markets+) in compliance with market tariffs, protocols, and business practice manuals.
Negotiate and execute physical power trades bilaterally with counterparties consistent with standard EEI/WSPP master agreement terms at western hubs and delivery points (e.g. Palo Verde, Four Corners, Mead, NP15/SP15 nodes) to optimize portfolio positions and manage imbalances.
Continuously assess load forecasts, generation output, energy limitations (e.g. hydro allocations, emission limits, battery state-of-charge), transmission path/node congestion, and weather patterns (including snowpack and runoff) to inform trading and scheduling decisions across both market structures.
Identify and capitalize on arbitrage opportunities between ISO/RTO nodes and western bilateral hubs/paths, and across time periods.
Prepare, submit, and manage NERC e-Tags across WECC balancing authority areas; ensure tags are approved by all relevant BAs and transmission providers ahead of flow.
Arrange, reserve, and manage transmission service via OASIS on key western paths, including point-to-point and network transmission requests, curtailment tracking, and redirects.
Coordinate with generation asset operators, counterparty schedulers, and transmission teams to ensure accurate and timely fuel nominations, schedules, and e-Tags.
Accurately input transaction and tag data into applicable software; investigate and resolve discrepancies to reconcile trade data and e-Tag records in coordination with middle office and settlements.
Manage risk exposure within established position and credit limits-escalating issues or violations as appropriate-and collaborate with risk management, credit, and compliance teams to ensure adherence to trading policies, master agreement terms, and regulatory requirements.
Assist in training junior traders.
Actively promote and maintain a team environment.