Real Time Energy Market Trader (958) at White Plains

Job Description

The Energy Trader performs functions and activities related to short term energy trading on a daily basis including bidding New York Power Authority’s (NYPA’s) 25 generating units into the New York Independent System Operator (NYISO) energy and ancillary services markets. In this position you will develop the short term (hourly, weekly) strategy to optimize the utilization of NYPA’s generating resources.

The Energy Trader offers over 6000MWs of hydro pumped storage, combined cycle and combustion turbines generation into the NYISO market to recover approximately $1 billion in energy revenues. The Energy Trader is responsible for performing specific responsibilities that support corporate and comply with NERC Reliability Standards.

Other responsibilities include:

• Review day ahead selections and discuss bid structure with Sr. Day Ahead Market Trader to maintain continuity in the bid strategy.
• Review market conditions and submit bids for all of NYPA’s assets into the NYISO real time markets.
• Coordinate and maintain hourly energy and ancillary balance between NYPA commitments/contract requirements and NYPA’s supply resources.
• Maintain hourly bid curves and consult with Day Ahead Traders on any necessary market changes that need to be updated.
• Study and evaluate trading strategies for each individual NYPA project.
• Interface with various organizations to provide data for bid development review to accurately reflect plant availability status.
• Verify bid structure is consistent with current generator availability.
• Update trader’s log and communicate plant status/availability to appropriate personnel.
• Coordinate and schedule the fuel requirements for the fossil plant in conjunction with the Fuels Group.
• After consultation with Senior Day Ahead Market Trader, revise bidding strategies in response to emergency or unforeseen operating circumstances in coordination with the Plant Operations.
• Stay current with NYISO procedures, market issues and reports.

Job Requirements

• Excellent computer skills and ability to successfully input bids into the ERM Trading system.
• Good analytical analysis skills using Excel spreadsheets.
• Excellent communication and presentation skills and ability to openly discuss strategies in a team setting.
• Ability to multi-task.
• Must be able to initiate conversations in response to changing market conditions.
• Must have a general understanding of the relationship between bid curves and selections.
• Ability to understand and stay current with NYISO procedures and market issues.
• Technical skillset and approach from an Engineering discipline is preferred.
• Ability to work 12 hour rotating shifts which will include weekends and holidays.

Experience Required

• Bachelor’s degree in Economics, Finance, Business, Administration or equivalent experience.
• Minimum of 2 years of market trading and NYISO experience preferred.

Country: USA, State: New York, City: White Plains, Company: New York Power Authority.