At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.
Summary
Real-Time trading is responsible for purchasing and selling energy and transmission to meet load and maintain reliability of our system. We seek out abilities to arbitrage markets, trade around unit costs, and meet load in the most economical way possible.
Work on a team of two to best monetize our resources and find market opportunities to lower power costs for our customers. Monitor wind output, forebays, fuel supply and more while making sure we can meet load reliably.
There is only one position available but we can hire at one of two levels.
Real – Time Trader: Career
▪ Requires in-depth knowledge and experience
▪ Uses best practices and knowledge of internal or external business issues to improve products or services
▪ Solves complex problems; takes a new perspective using existing solutions
▪ Works independently; receives minimal guidance
▪ Acts as a resource for colleagues with less experience
Senior Real-Time Trader: 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
Real – Time Trader:
Power Supply Management Monitors reservoir levels, wind forecasts and fuels supply to optimize use of generation resources and arrange generation operations to meet load and reserve requirements for each hour; utilizes outage information to ensure efficient commodity market dispatch of PGE generating facilities; develops and submits base schedules and energy bids to the commodity market operator on an hourly basis; schedules short-term interutility exchanges of power and related power products; negotiates and purchases hourly and daily supplies of energy; determines price/risk tradeoffs of various power system operating strategies; implements term and day-ahead contracts based on negotiated terms; develops day-ahead schedules for controllable resources.
Power Marketing Negotiates real-time energy sales, purchases and wheeling arrangements with other entities, including hourly and daily sales of surplus power throughout the Western Electricity Coordinating Council (WECC); analyzes and develops near-term wholesale marketing and commodity market bidding strategies; identifies and evaluates price/risk tradeoffs of various power sale/supply/transmission scenarios; implements near-term wholesale market strategies to meet revenue objectives; monitors West Coast power markets to capture market information that will facilitate economic transactions.
Accounting and Reporting Documents and maintains records for PGE’s Merchant Real Time Operations’ activities and wholesale power transactions; produces reports for governmental agencies, merchants, balancing authorities, accounting and contracting personnel and others as required.
Transmission Management Redirects and/or purchases transmission to meet PGE’s needs for Merchant Real Time Operations’ activities; resells PGE purchased transmission that is surplus; provides for efficient and economic transfer of system resources within the EIM footprint; accounts for all transmission activities.
External Relations Develops working relationships with scheduling personnel, energy marketers and utilities to transact business.
Senior Real – Time Trader:
Power Supply Management Leads a team or personally monitors reservoir levels, wind forecasts and fuels supply to optimize use of generation resources and arrange generation operations to meet load and reserve requirements for each hour; assesses outage information and directs commodity market dispatch of PGE generating facilities; develops and submits base schedules and energy bids to the commodity market operator on an hourly basis; schedules short-term interutility exchanges of power and related power products; negotiates more complex purchases of hourly and daily supplies of energy; determines price/risk tradeoffs of more costly power system operating strategies; implements term and day-ahead contracts based on negotiated terms; develops day-ahead schedules for controllable resources; provides training and guidance on managing power supply to less experienced traders.
Power Marketing Leads a team or personally negotiates all real-time energy sales, purchases and wheeling arrangements with other entities, including hourly and daily sales of surplus power throughout the Western Electricity Coordinating Council (WECC); analyzes and develops more complex near-term wholesale marketing and commodity market bidding strategies; identifies and evaluates price/risk tradeoffs of very complex power sale/supply/transmission scenarios; implements near-term wholesale market strategies to meet revenue objectives; serves as an authority on the West Coast power markets and captures market information that will facilitate economic transactions; provides training and guidance on power marketing to less experienced traders.
Accounting and Reporting Documents and maintains records for PGE’s Merchant Real Time Operations’ activities and wholesale power transactions; produces reports for governmental agencies, merchants, balancing authorities, accounting and contracting personnel and others as required; serves as an authority on energy marketing and trading.
Transmission Management Leads a team or personally redirects and/or purchases transmission to meet PGE’s needs for Merchant Real Time Operations’ activities; resells PGE purchased transmission that is surplus; ensures efficient and economic transfer of system resources within the EIM footprint; accounts for all transmission activities; provides training and guidance on managing transmission to less experienced traders.
External Relations Is recognized as an authority of the power trading/scheduling system and develops working relationships with scheduling personnel, energy marketers and utilities to transact business.
Qualifications
Education/Experience/Certifications
Real – Time Trader: Requires a bachelor’s degree in mathematics, finance, business, economics or other related field or equivalent experience.
Typically, five or more years in the energy industry or related field. Experience preferred in generation dispatching or real-time operation of power plants or transmission systems.
Senior Real – Time Trader: Requires a bachelor’s degree in mathematics, finance, business, economics or other related field or equivalent experience.
Typically, eight or more years in the energy industry or related field. Experience preferred in generation dispatching or real-time operation of power plants or transmission systems.
Driver’s license: Required
Competencies
Functional Competencies:
Intermediate/Advanced knowledge of electric bulk power generation, transmission, and operating systems.
Intermediate/Advanced knowledge of regional electric utilities, Northwest and Southwest power markets and power and wheeling market pricing and practices.
Intermediate/Advanced skills in analyzing energy market conditions or trends.
Intermediate/Advanced knowledge of the theory, precepts, practices and requirements of balancing authority operations.
Intermediate/Advanced knowledge of contract law, rules and regulations.
Intermediate/Advanced knowledge of water management policies and procedures for hydro facilities
Intermediate/Advanced skills in negotiating contracts
Intermediate/Advanced computer skills in using spreadsheets
General Competencies:
Intermediate/Advanced analytical thinking skills
Intermediate/Advanced decision-making skills
Intermediate/Advanced diplomacy skills
Intermediate/Advanced problem-solving skills
Intermediate/Advanced written and oral presentation skills
Physical, Schedule/Attendance and Cognitive Demands
Cognitive Level: Substantial: Consistent use of logic or scientific thinking to define problems, collect information, establish facts, and draw valid conclusions (for example, engineer, HR director, plant manager, etc.).
Cognitive:
Ability to adhere to set response times, deadlines, and time-sensitive tasks
Ability to follow accuracy standards
Ability to follow through on decision-making tasks
Ability to interact effectively and collaboratively within a team environment
Ability to communicate and problem solve when under stress
Ability to respond and adapt to frequent change
Ability to accept and demonstrate self-awareness when provided constructive feedback
Ability to discern feedback and acknowledge ownership of areas of improvement
Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks
Ability to successfully collaborate with peers, managers, and others within the organization
Demonstrates sound memory
Ability to process new information to be applied consistently to work tasks
Schedule/Attendance:
Ability to adhere to pre-established schedule, including start/stop time and break/lunch schedule
Ability to work long hours
Ability to work a variable schedule
Ability to report to work and perform work during periods of severe inclement weather
Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance
Ability to work shift schedule
Ability to work on-call schedule
Driving/travel/commute
Daily within service territory
Occasionally (one to two times a month or less)
Computer use (use computer regularly for entire work shift)
Office environment
,
Compensation Range:
$96,300.00 - $189,875.00
Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. While we anticipate the selected candidate for this position will fall towards the middle or entry point of the compensation range, the decision will be made on a case-by-case basis.
PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click here.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
Industries
Utilities
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