Trader, Real Time

Real Time Energy Trader

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

Company: AVANGRID POWER, LLC