Page One

Revised as of Tuesday, December 10, 2019 03:21 PM

 

Day Ahead Trader
Location: Bismarck ND

This position resourcefully and productively executes the management of the short-term power and natural gas position management, which includes power and natural gas trading, generation and DGC operations coordination, scheduling, Regional Transmission Organization (RTO) position management, Dakota Gasification Company (DGC) natural gas purchase and sales, and development of short-term trading requirements for Basin Electric Power Cooperative (BEPC) and its members. This position resourcefully and productively negotiates short-term power and natural gas purchase and sale agreements, transmission reservations, ancillary service, and other generation/delivery arrangements related to BEPC utility operations. The incumbent contributes to the coordination with BEPC’s plant operations to extract additional value for the membership from the assets in the marketplace. This position is identified as a Critical Infrastructure Protection (CIP) related position which may allow physical and/or logical access to Bulk Electric System (BES) cyber related assets or systems.

Qualifications:
To perform effectively in this position, the incumbent must have a working knowledge and understanding of the electrical power supply industry, generation operations, marketing, trading, and scheduling, which is acquired through the completion of a four-year degree in Business, Economics, Math, an Engineering Accreditation Commission/Accreditation Board for Engineering and Technology (EAC/ABET) accredited engineering program, or a related field and two years of related commodity trading or marketing experience; or a high school diploma or equivalent (GED or HSED) and six years of related commodity trading or marketing experience. The ability to demonstrate good verbal and written communication skills is required, as well as proficiency with personal computers and Microsoft Word and Outlook.

To Apply:
Interested applicants go to https://www.basinelectric.com.

191210


 City of Anaheim, CA
 invites applications for the position of:

 Integrated Resource Planner I/II

 
SALARY: $41.40 - $65.90 Hourly
  $86,117.00 - $137,074.00 Annually

The City of Anaheim Public Utilities Department is seeking a dynamic and results-driven Integrated Resources Planner I or II. The ideal candidate will work closely with various levels of the organization on matters concerning the City of Anaheim's power supply portfolio; will research and analyze data and contracts; and produce exceptional reports and presentations. Candidates must possess strong analytical skills, business writing ability, energy-related technical knowledge, and energy-related program development skills.

Please refer to the job posting on the City of Anaheim’s website for more information: https://www.governmentjobs.com/careers/anaheim/
jobs/2643673/integrated-resources-planner-i-or-ii?pagetype=jobOpportunitiesJobs

SUPPLEMENTAL INFORMATION:

IMPORTANT APPLICATION INFORMATION AND INSTRUCTION
Applications will be accepted on a continuous basis until a sufficient number of qualified applications have been received. The deadline for the first review of applications is on Thursday, December 19, 2019 at 5:00PM.  Applicants are encouraged to apply early. Applicants that apply after the first review are not guaranteed to be considered for this recruitment. This recruitment may close at any time without notice after the first review date. 

Equal Opportunity Employer

191209


SaltHill Group is searching for qualified candidates to fill several open positions with our clients including global energy companies, oil & gas majors, hedge funds, I-Banks, IPPs, proprietary trading firms, utilities, retail energy providers, and market research firms.  We work with companies nationwide.  Sample open positions include:

  • FTR/CRR Traders, Position #1
  • Commodities Quantitative Structurer (Power Focus), Position #2
  • Transmission Trading Analyst (Speculative Focus, Position #3
  • Lead Transmission Analyst (Generation Focus), Position #4
  • Renewable Transmission Analytics Lead, Position #5
  • PJM Power Fundamentals Manager, Position #6
  • Renewable Power Fundamental Lead Analyst, Position #7
  • Quantitative Risk Manager (Power Generation Modeling), Position #8
  • Lead ERCOT Pricing Analyst, Position #9
  • Trade Control Analyst, Position #10

 

For information on these open positions, please contact chynes@salthillgroup.com by e-mail and visit our website www.salthillgroup.com/candidates/opportunities/.

SaltHill Group
191 North Wacker Drive, Suite 2300
Chicago, Illinois 60606
chynes@salthillgroup.com
Phone 312-422-1392  

Position #1: FTR/CRR Traders – CaISO, ERCOT, MISO, NY, NE, Ontario, PJM or SPP Focus
Position trades in monthly, quarterly and annual auctions.  Required: advanced degree (PhD or master’s required, power engineering preferred), strong fundamental market knowledge, strong modeling and programming skills (power system economics, power flow and dispatch models), and prior profitable trading record trading FTRs/CRRs in a hedging or speculative trading environment.

Position #2: Commodities Quantitative Structurer (Power Focus)
Position is part of the commercial team and works directly with the originators, traders, quants and customers to undertake power structuring activities and put together competitive deals and products. Key responsibilities include 1) designing complex valuation and price models for structured products including tolling agreements, full requirements / load-following deals, PPA agreements, shaped products, revenue puts, swaptions, weather contingent derivative products, basket options, heat rate options, RECs and other physical/financial/derivatives and 2) ongoing modeling enhancements and backtesting to the pricing engine. Required: PhD in a quantitative field (mathematics, engineering, physics, statistics, etc.); 1-5 years' professional experience in a power or gas quantitative role (required) and ideally with prior experience pricing and structuring complex transactions (exotic options, bespoke structures) or experience with model development and backtesting; strong understanding of embedded optionality and drivers; and experience with coding is required.

Position #3: Transmission Trading Analyst (Speculative Focus)
Position provides analytical support for the nodal and ICE/OTC power traders across an assigned US ISO for a global energy trading firm (speculative). Responsibilities include running production cost models / power flow models; providing transmission and congestion research; forecasting nodal power prices; and identifying trade strategies for the FTR / CRR auctions. Required: master’s or PhD in Electrical Engineering (power systems focus) with 1-5 years’ experience in transmission planning, power engineering or congestion analysis at a utility, IPP, power trading firm, power research firm or ISO; expert knowledge in the market rules of one or more of the following regions (PJM, NYISO, ISO-NE, MISO, CaISO, ERCOT or SPP) with a strong preference for PJM or ERCOT experience; power fundamental modeling skills; and experience using UPLAN, PowerWorld, Dayzer, PROMOD or PSSE. Advanced technology skills desired for data mining purposes and building trading tools.

Position #4: Lead Transmission Analyst (Generation Focus)
Position is responsible for managing the financial and physical transmission congestion risks for a power generation company supporting its FTR team in the PJM and MISO markets. The position uses both data mining and fundamental analysis techniques to support trading decisions in the long-term and monthly FTR auctions, and in Day Ahead and Real Time markets. It also is involved in speculative basis trades in the term and cash markets.  Responsibilities include transmission and congestion research, analysis and forecasting; strategy development in the PJM and MISO FTR auctions; price risk analysis and forecasting; analysis of the electric grid performance in the short- and long-term; production cost, power system and other market simulation modeling for power and FTR trading; and quantitative development of models and trading tools. Required: bachelor’s degree in electrical engineering (power systems focus) with 5+ years’ experience at a utility, IPP, power trading firm, power research firm or ISO as a FTR trader, transmission planning engineer or a congestion analyst with an expertise in the market rules of PJM or MISO (PJM preferred); strong modeling and programming skills; power flow analysis and production cost/dispatch modeling skills using PowerWorld, PSSE, DAYZER, UPLAN,  PROMOD, PSO or PLEXOS, etc.; and programming skills (VBA, Python, R, or C++).

Position #5: Renewable Transmission Analytics Lead
Position focuses on assessing solar/storage sites for greenfield and acquisition across the U.S. Responsibilities include analyzing transmission systems, congestion and basis risk for development opportunities; developing and analyzing power flow models across different geographic/ISO areas; conducting interconnection studies to determine optimal location for new solar/storage generation projects; negotiating interconnection agreements and managing the interconnection process for projects; interacting with key internal stakeholders (Origination, Development, Market Analytics, Project Finance etc.) to select optimal sites for projects; and interacting with ISOs and utilities to understand congestion and grid dynamics (utility expansion plans, conventional generation retirements and private transmission projects) related to greenfield and acquisition opportunities. Required: a bachelor's degree in Electrical Engineering (Power Systems focus) with a Masters preferred; minimum of 10 years' experience developing solar and/or battery storage projects; experience with transmission planning and interconnection processes; strong knowledge of the electric transmission grid across multiple ISOs and Transmission Owners across the U.S.; experience using large-scale transmission system model/commercial software tools; programming skills in in Excel, VBA Python, R, Matlab, Access, etc.; and strong communication skills.

Position #6: PJM Power Fundamentals Manager
Position develops and identifies fundamental drivers for the PJM power market that are used by traders (commercial decision-making and trade ideas) and corporate (strategy, capital projects, M&A). Responsibilities include preparing fundamental research and building supply and demand models (day-ahead out 5 years); tracking market rule changes, infrastructure changes and near-term demand and fuel prices; providing a forward view on generation, transmission, load and impact to power prices and heat rates; providing short-term power price forecasts and market drivers; developing stack models; identifying market inefficiencies, price opportunities and strategies for the traders; undertaking capacity market fundamentals to support bidding activity; and developing trader tools. Required: bachelor’s degree in a quantitative field (advanced degree is a plus); 5+ years’ professional experience with the North American power markets in a power trading commercial environment; experience analyzing the Cash and Term power markets; strong modeling/programming skills; an understanding of North American power supply/demand and infrastructure fundamentals; proven ability to build analytical trading tools; and ability to think commercially with strong communication skills. The candidate must have market knowledge in PJM; and experience with PSO, PROMOD, Aurora, GE-MAPS, or similar.

Position #7: Renewable Power Fundamental Lead Analyst
Position
is primarily focused on understanding the underlying fundamentals of the renewable and power markets with a focus on solar and battery storage space. Key responsibilities include: undertaking fundamental modeling of the U.S. renewable markets; understanding market dynamics of generation supply/demand assumptions of solar and battery storage; modeling Storage and dispatchability of storage impact into the markets; working with Project Finance to ensure assumptions and market scenarios are properly assessed in financial economic model; working with the Transmission and broader Commercial Operations Teams to ensure market dynamic assumptions are captured in transmission models; developing a database for core ISO/Utility regions to capture and track generation supply build, demand assumptions, historical congestion points and patterns, queue positions (generation, transmission), and competitor intelligence on queue projects; and ensuring close alignment and interaction with sales organization to ensure market intelligence and information is flowing to and from all Commercial Teams. Required: bachelor's degree in Statistics, Mathematics, Engineering, Economics, Finance, Operations Research or related discipline; 5-7 years of power and renewable industry analytical experience; experience modeling solar/battery storage supply and demand; experience with fundamental models such as Aurora, Prosym, Promod or Polaris System Optimizer (PSO); strong programming/technology skills in Excel, VBA Python, R, Matlab, Access, etc.;  and strong communication skills. Position may be filled at a Lead Analyst or Manager title depending on candidate qualifications.

Position #8: Quantitative Risk Manager (Power Generation Modeling)
Position provides generation modeling, asset valuations, hedging, and undertakes portfolio and margin analysis for a fleet of power plants. Key analytic responsibilities include modeling energy assets and complex transactions (generation, tolling, load-following, full-requirements); hedging, sensitivity and scenario analyses of the portfolio; quantification of portfolio market, credit and liquidity risks; evaluation of capital improvement projects and retirements; and developing stochastic simulation-based asset models. Additionally, position will provide portfolio reporting and will develop trading analytical tools for the commercial trading operations and risk teams. Required: Master's degree in Math, Statistics or a quantitative field; 5-7 years of power plant asset modeling and valuations at a utility, IPP or energy consulting firm; understanding of derivative (options) pricing models and risk metrics including GMAR, VAR, PFE; experience with time series analysis, stochastic analysis, Monte Carlo simulations and probability/statistics methods; and proficiency with R or Python, relational databases and SQL development. Experience with Prosym, Promod, Gentrader, Aurora, etc.is desired.

Position #9: Lead ERCOT Pricing Analyst
Position develops and leads the pricing process in the ERCOT region for a power generation firm with retail operations focused on commercial and industrial (C&I) customers. Responsibilities for this team include supporting entry into the ERCOT market by developing market-based models to value, price and hedge retail power deals for commercial and industrial customers; analyzing historical data at both the portfolio level and customer level, including load and usage data; developing and modeling costs within the ERCOT market to evaluate customer-level pricing; maintaining and analyzing forward pricing curves; maintaining strong understanding of regulatory requirements, tariffs and market rules; performing daily transaction costing and structuring of all retail products; assisting with new product development efforts; and building and supporting data infrastructure to support a retail business. Required: bachelor's degree in Finance or related field; 7+ years' experience in a retail electricity pricing role (including 5 years focused on ERCOT); a deep understanding of ERCOT market fundamentals; and strong Excel and Access skills.

Position #10: Trade Control Analyst
Position
supports a power trading desk. Responsibilities include validating trader checkout process; reconciling daily broker and OTC activity to risk system; performing daily and month curve validation; supporting the daily confirmation process; producing and analyzing compliance and verification reporting; and communicating with traders and internal stakeholders to identify and resolve disputes. Required: bachelor's degree in Finance or related field; 1-3 years' experience in a middle office or trade control role supporting a power trade desk is preferred (experience on a natural gas or coal trade desk will be considered); experience with ERCOT or PJM ISO is highly desirable; a strong risk control-mindset; and advanced Excel skills including VBA and data analysis skills to help with analytics and automation.

191209


Power Trader, Real-Time
Location:
Bellevue, WA

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 real-time data feeds to provide timely and reliable response to changing portfolio conditions including:

  • SCADA alarm system

  • PowerBiz

  • Real-time system metering

  • iCRS

 

Coordinates the scheduling of resources to serve system obligations

  • 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 working knowledge of Trading environment including:

  • 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

ONLINE APPLICATION:
https://workforcenow.adp.com/mascsr/default/mdf/
recruitment/recruitment.html?cid=09dede8a-c0c9-4db8-a7e5-418d9ef9deb1&jobId=301968&lang=en_US&source=CC4

190917


ACES provides a broad suite of energy trading and risk management services. ACES has the following exciting opportunities available.

 

Trader
Location: Carmel IN

This position will participate and support the scheduling and trading teams’ efforts regarding all aspects of the ACES customer’s portfolio optimization. Responsibilities will include the areas of trade strategy development, native load support, transaction execution, energy scheduling, as well as, load management and transmission purchases. The processes and procedures surrounding this environment will be reviewed, developed and supported by this position. 

 

Required Qualifications:

  • Candidate should possess a college degree in an appropriate discipline with direct experience in the physical and/or financial wholesale energy trading marketplace

  • At least 2 years of experience

  • Knowledge of various structured markets and bilateral physical markets

  • Direct experience at buying and selling energy commodities, including energy both physical and financial, ancillary services, displacement programs and a basic understanding of capacity, basis swaps, and transmission related products (FTR, ARR, CRR, TCR) available within the ISO/RTO’s (ERCOT, SPP, CAISO, PJM, MISO).

  • Demonstrated skills in deal origination and price negotiation within the wholesale energy markets.

  • Proven experience with short term portfolio optimization models and capable of demonstrating the fundamental understanding of model results to applied trading strategies.

  • Ability to develop and maintain a strong network of marketing and trading counter parties.

  • Working knowledge of risk management including risk mitigation fundamentals.

  • Demonstrated knowledge of the operating procedures and requirements within the various power pools, ISO’s and RTO’s and interconnected regions as defined by (NERC).

  • Competence with mathematics, commercial marketing, fuels conversion and technical concepts.

  • Understanding of energy hedging and portfolio management concepts and instruments.

  • High degree of analytical, problem solving and conceptual skills.

  • Effective written skills that will be applied to writing recommendations to clients and internal reports to upper management.  Effective oral communication skills that will be applied to presenting recommendations to ACES clients.

  • Proficient with computers and Microsoft products such as Excel, Word and Outlook.

  • Series 3, National Commodity Futures Examination, qualified in past 2 years OR will sit for the Series 3 after hired.

 

Responsibilities:

  • Candidate will be responsible for providing support in the optimization of the ACES member/customer portfolios within the ACES trading team, including strategy development, energy trading, load forecasting, creating and submitting validated generation offers and demand bids to the various ISO/RTO’s

  • Required to provide written reports and recommendations as needed for internal/external purposes.

  • Daily support for the trading floor operations, including but not limited to, transaction execution, energy scheduling, SCADA Management and DSM Coordination, support of the development of analytical tools designed to optimize member/customers portfolios, support of after-the-fact analysis and translate results to member/customers.

  • Coordinates with the ACES trading management and Senior Traders in the development of processes and procedures directly relating to transaction execution and energy scheduling. 

  • Assists the Operations Managers in the coordination of real-time operational strategies, including the execution and scheduling of energy transactions, updating of generation offer curves, determination of gas volumes to be transacted, and load reduction programs.

  • Assists the ACES trading management with staff development, including hiring support and associated staff training as necessary.

  • Assists in the procurement and dissemination of market intelligence and data within the front office of ACES, including the origination, term and real-time trading teams.

  • Proactively interfaces with other trading support areas of ACES, including Trading Controls, Marketing / Structuring, Contracts and Credit.

  • Work group involvement and meeting attendance on aspects relevant to the ACES front office will be expected.

  • Remain current with developments within the ISO/RTO’s through interaction with the ACES regulatory group, protocol revision process, and ISO/RTO software updates.

  • Position to be assigned to a “Day Shift” schedule, during the normal business week. It may however be required of them to work in a rotational shift capacity, from time to time, based on the operational needs of the business.

  • Will adhere to all ACES corporate policies and comply with all ACES regulatory requirements, including but not limited to NERC, FERC, and relevant state regulations, as applicable to this position.

  • Any additional responsibilities assigned by management.

     

TO READ FULL JOB DESCRIPTIONS & APPLY:
https://www.acespower.com/careers/

191104