Senior Day Ahead Power Trader and Scheduler

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.

We are looking for a Senior level Trader and Scheduler to join our Day Ahead Power Trading team. This opening may be filled as a mid or senior level role and salary will be commensurate with skills and experience.

Day-Ahead Trading conducts purchase and sales transactions to increase margin. 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 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.

Job Function Summary

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 Responsibilities

Career Path This level is close to an expert in either power or gas. At this level, independent day-ahead trading, and exposure to balance-of-month trading is expected.

Preschedule Planning:

Leads a team or 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 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 on a preschedule basis; utilizes outage information to ensure efficient commodity market dispatch of PGE generating facilities; determines price/risk trade-offs of various 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 developing preschedule plan to less experienced traders.

Preschedule Transactions:

Orchestrates implementing term and preschedule contracts based on negotiated terms and communicating plans to counterparties; leads a team or 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.

Power and Gas Portfolio Management

Analyzes PGE's commodity positions and makes recommendations on optimizing the value of PGE's assets.

Executes short-term (next-day) and balance of month power trades in commodity markets with approved counterparties.

Works with Credit and Contracts Department to establish new trading partnerships and opportunities.

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.

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.

Competencies (Knowledge, Skills, Abilities)

Functional Competencies

Advanced knowledge of electrical and natural gas grid's supply and demand components.

Advanced ability to function with an entrepreneurial and competitive perspective to assist PGE in actively trading in commodities and executing power transactions.

Advanced skills in analyzing energy market conditions or trends.

Advanced knowledge of California Independent System Operator (CAISO) bidding and strategy as it pertains to Day-Ahead.

Advanced knowledge of the operational capabilities of hydroelectric, coal and natural gas plants.

Advanced knowledge of WECC trading and scheduling practices.

Advanced knowledge of physical/financial gas trading fundamentals and dynamics.

Advanced knowledge of PGE organization, business objectives and marketing capabilities.

Advanced knowledge of electric utility operations, PGE accounting and economics.

Advanced knowledge of PGE business practices.

Advanced ability to develop and present proposals and information to a diverse group of customers and clients.

Advanced ability to manage trading book and earn a profit.

Advanced spreadsheet and database computer skills.

Working knowledge of WSPP, International Swaps and Derivatives Association (ISDA), Gas Industry Standards Board (GISB) and North American Energy Standards Board (NAESB) agreements.

General Competencies

Advanced analytical thinking skills.

Advanced decision-making skills.

Advanced problem-solving skills.

Advanced interpersonal skills.

Advanced written and oral communication skills.

Physical 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 [for part-time positions, change to part-time attendance]

Ability to work shift schedule

Ability to work on-call schedule

Physical Capabilities

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)

Environment - Indoor/Outdoor

Office environment - Hybrid - 3 days per week in office

Compensation Range:

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.

Join us today and power your potential!

Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.

PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law.

PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting talentacquisition@pgn.comor by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at dei@pgn.com.

To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.