Real Time Energy Market Trader II

Summary

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)  generating units into the New York Independent System Operator (NYISO) Energy and Ancillary Services Markets. This position develops the short term, e.g., hourly, daily, weekly, strategy to optimize the utilization of NYPA’s generating resources and modifies the plan throughout his/her daily activities.
The Energy Trader offers over 6000MWs of hydro pump storage, combine cycle, combustion turbines generation into the NYISO market to recover approximately $1 billion in energy revenues. #LI-VB1
 

Responsibilities

• Review and analyze market conditions and develop bids for all NYPA’s assets into the NYISO Hour Ahead Markets to meet established revenue targets. 
• Verify bid structure is consistent with current generator availability.
• Revise bid strategies in response to emergency or unforeseen operating circumstances in coordination with the Plant Operations.
• Coordinate and maintain hourly energy and ancillary balance between NYPA commitments / contract requirements and NYPA’s supply resources.
• Coordinate and schedule the fuel requirements for the fossil plant in conjunction with the Fuels Group
• Clearly communicate plant status and availability to appropriate personnel while maintaining trading log
• Manage NYPA trading tools as appropriate to reduce NYPA exposure to market volatility
• Understand and stay current with NYISO procedures, market issues and reports.
   

Knowledge, Skills and Abilities

• Good understanding of the following required:

1. Wholesale electricity market
2. NYISO rules and requirements for market participation
3. NYPA generating plant characteristics and capabilities
4. Natural gas and oil industry

• Strong analytical and communication skills.
• Strong ability to adapt and respond to changing market and plant conditions.
• Ability to multitask and work under pressure
• Able to work independently with minimal daily supervision
• Able to identify and solve problems.
• Proficiency with Microsoft Office Suite and other computer applications

Education, Experience and Certifications

• Bachelor’s degree required.
• Minimum of 5 years of ISO experience required.
• Minimum of 4 years managing generation into an ISO or external energy trading experience in the energy sector required.
• General knowledge of NYPA’s unique generating assets

Physical Requirements

Real Time Traders, ability to work a 24/7 12-hour rotation, holidays and weekends.