Energy Market Analyst / Project Manager, Wholesale Power Marketing
Salary Grade: G05
Minimum Midpoint Maximum
$86,016 - $116,120 - $146,226
SUMMARY:
Performs wholesale market research, gathers, assimilates and processes critical trade information, and provides essential analysis and strategic recommendations to the wholesale marketing group. Provides support for, and is involved in, the conception, design and development of wholesale strategy and products designed to assist the real-time and day ahead traders trading activities. Working with BTS, support the upkeep of all software applications and systems that are used in the wholesale marketing group. Assist in the development of strategy and policy recommendations to be applied to various markets in the western US such as those created to better integrate renewable and storage assets such as the Western EIM market. Participate in stakeholder processes or other initiatives in organized markets (CAISO) and NERC regions (WECC) which relate to and impact PNMs efforts to reliably serve load and maximize savings and profits for its customers
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Gathers and assimilates wholesale electricity market intelligence from a wide array of sources
- Tracks and analyzes correlation between various energy markets (CAISO DALMP, HALMP, EIM/Palo Verde Hub /NYMEX, etc.) and other energy related markets in which PNM participates. Examples include natural gas and newly formed markets that may evolve or emerge from changes in the power industry to assist with integrating renewables and storage assets (Solar markets, GHG markets, Extended day ahead markets)
- Analyzes PNMs load and renewable forecast trends, market price trends, weather patterns, PNM owned and regional generation outages, and their impact on markets
- Researches the Open Access Same-Time Information System to identify and inform the group on modifications and changes to OATT service impacting PNM's delivery of energy from various Transmission providers
- Supports the day ahead and real-time traders by maintaining and updating bid and offer strategies for use in the various markets PNM transacts in (Bilateral, DALMP, HALMP, EIM, EDAM, Forward Hedging)
- Assists with the development of Request for Proposals (RFP) and coordinates RFP response tracking, follow-up, and deal confirmation processing
- Supports the Wholesale Power Marketing team by maintaining the departments Optimization tool(s) to provide studies and bid scenarios to real-time and day ahead to facilitate bidding strategies and help maximize cost savings and profits
- Develops and coordinates the implementation of various marketing tools, programs, and reports to support real-time and day ahead hedging efforts and efficiencies in serving load and scheduling the renewable portfolio
- Performs after-the-fact analysis of completed transactions and results from EIM related bids to assess if bid strategies are profitable and assess unit performance in EIM and make necessary adjustments to systems in order to improve future performance
- Creates, coordinates and distributes various reports to the department and upper management on the past results of participating in EIM and other markets. Prepares presentation packages on EIM and other emerging markets (EDAM, Storage, GHG)
- Participates in stakeholder processes or other initiatives in CAISO, WECC and other organizations, which relate to or impact PNM's business and performance in markets such as EIM to include analyzing related proposals, comments, white papers or position statements produced through stakeholder processes
- Coordinates internal dissemination of information to affected business units and facilitate the development of coordinated company positions on CAISO and EIM-related issues
- Collaborate with the EIM EESC Entity (Power Operations) to align with changes needed to the EIM/CAISO requirements and processes
- Interface and collaborate with the Energy Analysis group as it relates to EIM settlements and billing
- Responsible for employee development and performance management skills
PNM Resources, Inc.
Alvarado Sq
Albuquerque
New Mexico United States
www.pnmresources.com
