The Energy Authority logo
Company Name:
Approximate Salary:
Not Specified
Location:
Bellevue, Washington
Country:
United States
Industry:
Other
Position type:
Full Time
Experience level:
2 - 5 years
Education level:
Bachelor's Degree
ID
206911
Job Title:
Real-Time Trader, West

Real-Time Trader, West

SUMMARY

Provides asset optimization services including; portfolio management, system monitoring, resource scheduling, and the execution of real-time energy transactions on behalf of The Energy Authority and its Members and Partners.  

ESSENTIAL DUTIES and RESPONSIBILITIES include the following. 

  • Simultaneously manages portfolios in real-time for multiple clients
    • Forecasts hourly loads
    • Analyzes energy and transmission alternatives to optimize profits and ensure delivery
    • Interacts with the market participants to develop, negotiate, and execute opportunistic business transactions that create value for the company
    • Evaluates the current value of thermal and storage resources relative to the market
    • Evaluate market conditions and develop trading strategies to optimize the use of available resources
    • Coordinate client and intra-TEA communications on power supply needs and transactions
  • Monitors
    • SCADA alarm system
    • PowerBiz
    • Real-time system metering
    • iCRS
  • Coordinates
    • Scheduling of energy and reserve transactions
    • Tagging of energy transactions
    • Manage transmission reservations and negotiate transmission sales / purchases
    • Pro-actively pursues transmission opportunities on behalf of Members, Partners and TEA
    • Coordinate between clients, counterparties, control areas and transmission providers to ensure the reliable receipt and delivery of power
  • Maintains
    • Client's resource and obligation mix
    • Current tagging methodologies and requirements
    • Current scheduling methodologies and requirements
    • Current applications, web sites, spreadsheets and other tools needed to effectively manage the portfolios under their control
  • Data Entry Tasks
    • Accurately records purchase and sale transactions on appropriate blotters or trade tickets and ensures that all necessary transaction details are entered into TEA’s deal capture system
    • Obtains market discoveries and market clearing prices
    • Confirms hourly transactions, including total MWh’s, transaction price, Point of Receipt or Point of Delivery with counter-parties in order to ensure accuracy

MISCELLANEOUS 

  • Work on a rotating 12-hour shift to provide trading coverage on a 7/24/365 day basis and be prepared to provide trading support during natural disasters, at back up facility, and/or team related emergencies.
  • This position may be called on to fill in for other trading floor positions (Support Specialist, Day-Ahead Power Management Specialist, etc.) when needed.
  • Provide training and support to new traders and support specialists about TEA business practices, processes, and procedures.
  • Ensure that all relevant aspects including energy price, transmission, counter party contractual and credit limits terms, are in compliance with TEA’s and member risk policies (if applicable).

EDUCATION and/or EXPERIENCE 

Bachelors’ degree from a four year accredited college or university required, advanced degree a plus. Previous experience in the energy industry and with trade capture systems is a plus. 

CORE COMPETENCIES 

  • Critical thinking
  • Communication
  • Accuracy
  • Commitment to continuous learning
  • Programming
  • Technical design
  • Project-related work
  • Issue management

VALUES REQUIRED 

  • Customer Focus
  • Integrity
  • Teamwork
  • Ownership
  • Excellence  
Apply for this job

Options

More Jobs Like This