Conducts purchase and sales transactions to increase margin and reliability in the Day-Ahead and Real-Time Markets. Responsible for interacting with the market participants to develop, negotiate and execute opportunistic business opportunities that create value for the company. Analyzes and reacts to current market and competitive conditions. Responsible for driving and implementing strategy handoffs between Day-Ahead and Real-Time groups. Responsible for analyzing and evaluating complex energy transactions to ensure that all relevant aspects, including energy price, transmission, counterparty and contractual terms, are favorable to and consistent with company guidelines for risk management.
Key Job Information
Senior Day Ahead Trader 7091
Grade 8
Career Level: P4
Specialist: Requires specialized depth and/or breadth of expertise
Interprets internal or external business issues and recommends best practices
Solves complex problems; takes a broad perspective to identify innovative solutions
Works independently, with guidance in only the most complex situations
May lead functional teams or projects
Key Responsibilities
Vendor EDAM Implementation: Support the development and implementation of load and resource scheduling processes, including the configuration of new and modified resources, and the validation of pre-scheduling activities to ensure portfolio position accuracy and alignment with market rules for EIM and EDAM.Integration Oversight: Manage the end-to-end integration process, ensuring that all system interfaces between the EDAM entity and CAISO are correctly implemented and thoroughly tested.
Testing Coordination: Support the planning and execution of all testing phases, including connectivity testing, joint integration testing, market simulation, and parallel operations. This includes coordinating with internal technical teams, ISO representatives, and external vendors.
Issue Resolution: Monitor and track defects, issues, and testing discrepancies, ensuring timely resolution to prevent project delays. Act as the primary point of contact for all integration and testing-related queries and escalations.
Stakeholder Communication: Facilitate communication between the EDAM onboarding team, CAISO, and other stakeholders to align on testing objectives, timelines, and progress updates.
Compliance and Documentation: Comply with CAISO's standards, regulatory requirements, and intern PGE policy for all phases of implementation and testing. Maintain comprehensive documentation of testing activities, results, and resolutions.
Preschedule Planning Personally determines optimal preschedule position to hand off to real-time traders; identifies and evaluates more complex price/risk tradeoffs of various power system operating strategies, including transmission/wheeling alternatives, reservoir conditions, alternative power supplies and related economies; orchestrates creation of a generation plan for the next day forward; provides training and guidance on developing a preschedule plan to less experienced traders.
Preschedule Transactions Orchestrates implementing term, preschedule and balance-of-month contracts based on negotiated terms and communicating plans to counterparties; personally evaluates unused generating and transmission capacity and monetizes in the market excess levels not necessary for compliant, reliable system operations; ensures that term and preschedule interutility exchanges of power and power products are scheduled; ensures creation and monitoring of electronic NERC tags of electricity transactions and that transmission is redirected and/or purchased to meet PGE's needs for preschedule and real-time power operations activities; ensures that PGE purchased transmission that is surplus is resold to the greatest extent possible; provides training and guidance on managing preschedule transactions to less experienced traders. Orchestrates implementing real-time, preschedule and balance-of-month contracts based on negotiated terms and communicating plans to counterparties; personally evaluates unused generating and transmission capacity and monetizes in the market excess levels not necessary for compliant, reliable system operations; ensures that term and preschedule interutility exchanges of power and power products are scheduled; ensures creation and monitoring of electronic NERC tags of electricity transactions and that transmission is redirected and/or purchased to meet PGE's needs for preschedule and real-time power operations activities; ensures that PGE purchased transmission that is surplus is resold to the greatest extent possible; provides training and guidance on managing preschedule transactions to less experienced traders.
Marketing Strategies Serves as an authority on the commodity energy markets and captures market information that will facilitate economic transactions; evaluates business-related software applications and implements improvements to products; provides training and guidance on power and gas marketing to less experienced traders.
Transaction Execution Acquires sufficient and cost-effective supplies of wholesale energy commodities to reliably serve PGE load and contractual commitments.
Independently negotiates and executes approved transactions to meet customer demand, optimize company assets and maintain system integrity.
Primarily executes short-term (next-day) and balance-of-month power and/or gas trades in commodity markets with approved counterparties. May complete long-term (up to 24 months) power and/or gas trades in coordination with Term team and subject to qualification status. Works with Credit and Contracts Department to establish new trading partnerships and opportunities.
Power and Gas Portfolio Management Analyzes PGE's commodity positions and makes recommendations on optimizing the value of PGE's assets.
Develops and operates models to determine the likelihood of favorable plant economics based on power and fuel prices for various time frames. Plans the most efficient and profitable operation of generation assets and contractual resources in the portfolio based on such modeling.
Evaluates and coordinates the timing of scheduled plant outages with the resource coordinator to ensure that plant availability is maximized when plant profitability is highest, while performing necessary plant maintenance.
Collaborates with long-term resource and planning groups to review asset acquisitions including partnering with cross departmental teams to ensure contractual terms in complex transactions are operable in Day Ahead and Real Time operations.
Strategy Assists in managing PGE's forward probabilistic power and gas positions consistent with approved hedging strategies and exposure limits.
Performs complex ad-hoc analyses to support strategic portfolio decisions impacting Balance-of-Month through Real-Time trading.
Researches commodity electricity and natural gas markets to understand market fundamentals and develop trading strategies.
Internal Guidance and Coordination
Assists in training Operations staff in power and gas trading and delivery.
Provides technical oversight and coordination of trader activities to ensure alignment. Coordinates with Real-Time managers to align program goals concerning trading and position strategy; interfaces with traders to provide real-time decision support. Ensures cross-functional alignment for implementation of programs. Cooperates with Term, Prescheduling and Risk Management to ensure compliance with policies and practices.
Provides operational guidance concerning state and federal regulatory impacts to Power Operations and helps coordinate compliance with applicable Federal Energy Regulatory Commission (FERC) orders, North American Electric Reliability Corporation (NERC), Western Electricity Coordinating Council (WECC) and other applicable reliability standards and transmission tariffs and business practices.
Assists in the development of power and gas policies and procedures.
Monitors industry and market trends and developments and updates management on relevant changes.
Assists in development of testimony and response to data requests to support rate case requirements and outside stakeholder data requests.
Accounting and Reporting Accounts for all details of term and prescheduled transactions; ensures real-time and back-office personnel are provided with daily preschedule documentation.
External Relations Represents PGE in industry-related regional and national organizations and forums, including technical committees and work groups.
Education/Experience/Certifications
Education Requires a bachelor's degree in finance, economics, engineering, math, science, marketing or other related field or equivalent experience.
Experience Typically eight or more years in energy trading, derivatives, marketing or bulk electronic and gas system management or related field.
Portland General Electric Company
121 SW Salmon St
Portland
Oregon United States
www.portlandgeneral.com
