Ercot Trader Jobs (NOW HIRING)

Trader, Real Time

Department: Asset Mngt - Trading

Reports to: Director - Real-Time Trading
Location: In Office, Portland OR

The base salary range for this position is dependent upon experience and location, ranging from:

• $87,600 - $109,500

What We Offer:

• Competitive benefits and growth opportunities

• Generous performancebased bonuses

• 12% 401(k) match

• Comprehensive health, dental, and vision insurance

• Tuition reimbursement

• Professional development and clear careeradvancement pathways

For more information, please visit: Benefits - Avangrid

The role of the Real Time Energy Trader is performed in teams of 3 while working on a 12-hour rotating shift basis. This includes nights, weekends and holidays as the energy market is always operating and in need of operational support.

Job Summary

The role of the Real Time Trader is to perform real-time energy trading and marketing, negotiate wholesale sales and purchases in the hourly markets, coordinate generation operations with dispatch personnel, coordinate transmission reservations, negotiate transmission purchases, schedule energy flow by issuing digital E-tags. Traders are responsible to record deals in a timely manner, maintain a physical position through trading software, communicate with forecasting and reliability dispatch as well as maintain a general level of awareness around the company's generation assets. Develop professional relationships with power marketers and traders.

Key Responsibilities

• Negotiate transactions to financially optimize corporate assets including renewable and thermal generation.

• Capture of market arbitrage opportunities utilizing transmission to link markets across the United States.

• Capture of real-time arbitrage opportunities and manage day-ahead and real-time transactions.

• Provide market pricing for day ahead to real-time transactions.

• Create NERC E-tags, purchase transmission via OASIS and capture transactions accurately in Avangrid's energy management system.

• Facilitate training of other real time traders.

• Provide generation and transmission schedules to ISO#s, control areas and transmission providers.

• Manage unit bids/offers in the Northeastern and Midwestern ISO's to optimize the portfolio.

• Manage asset and proprietary risk through Day-Ahead transactions.

• Trade physical power across the eastern US to maximize profitability

• Purchase transmission as needed to execute physical trades.

• Schedule and tagging of physical transactions.

• Trade intra-day financial power OTC in the Northeastern and Midwestern ISO's.

• Provide insight into the short term market and operations to other traders.

• Provide insight into additional market areas as PPM's portfolio expands

• Represent Avangrid Renewables professionally with a diverse group of customers and market participants.

• Interact with plant personnel, traders, and system operators.

• Adhere to effective internal business and industry controls.

Required Qualifications

• BA/BS degree in mathematics, business, finance, economics, or engineering or the equivalent combination of education and experience.

• Solid understanding of generation & transmission operations.

• Quick learning curve with the ability to receive, process, and transact on information.

• Ability to self-motivate and create opportunities

• Experience preferred with any of the following markets: WECC, CAISO, and Southwest, ERCOT, MISO, PJM, NYISO, with proven ability to understand market conditions and to identify sales/purchase opportunities.

• PC proficiency and experience with automated tools to support trading activity.

• Understanding of financial modeling, risk assessment, commodity management, electricity and natural gas trading and hedging practices.

• Ability to independently function in fast paced deadline dependent environment.

• Must be performance driven, selfmotivated and proactive with demonstrated communication and interpersonal skills.

• Ability to work rotating shifts of 12 hours which includes night shifts, weekends and holidays.

• Strong Excel experience.

• Familiarity with LIM or other price data warehouse.

• Ability to create NERC tags without templates.

• Familiarity with virtual transactions.

• Ability to model intra-day and next day pricing and load to devise strategies.

Preferred Qualifications

• Experience with MISO, ERCOT, IMO, and HQ.

• Experience trading at different points within California

• Strong knowledge of the California ISO.

• Experience managing physical assets within the WSCC

• Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.

• Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.

• Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.

• Maintains effectiveness during procedural/organizational changes and when dealing with varying personality styles and tasks.

• Effectively provides and receives information orally in individual and group situations.

• Written expression is clear, concise, and conveys the desired message

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Mobility Information

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country.

At Avangrid we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.
If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at careers@avangrid.com.

Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate functions. This does not include those that will work for Avangrid Power.

Avangrid employees may also be assigned a NERC Reliability Standards compliance role supporting Critical Infrastructure Protection (CIP) and/or Operations and Planning (O&P) responsibilities. This is applicable to employees that will work in electric transmission, operations, and cyber security business areas in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate business areas. NERC Reliability Standards compliance roles and responsibilities may include additional access protections, training, audit engagement, and required evidence retention, and will be communicated by the employee's management.

Job Posting End Date: