Short Term Power Trading - Operations Analyst I, II or III
This position will be filled at the I, II, or III level, contingent on the experience level of the seleccted applicant.
Short-Term Power Trading & Operations Analyst I Overview The Short-Term Power Trading & Operations Analyst I performs day ahead trading, scheduling, and implementation of the District's real-time contract to facilitate and optimize the District's real-time contract and short term trading. This position is also responsible for real-time services contract administration and management, market and resource analysis and monitoring and advising slice contract purchasers. This is the entry level position for this job family - the first of 3 levels of Short-Term Power Trading & Operations Analysts.
Short-Term Power Trading & Operations Analyst II Overview The Short-Term Power Trading & Operations Analyst II performs day ahead trading, scheduling, and implementation of the District's real-time contract to facilitate and optimize the District's real-time contract and short term trading. This position is also responsible for real-time services contract administration and management, market and resource analysis, and monitoring and advising slice contract purchasers. This is the mid-level for this career path - Level II of three levels of Short-Term Power Trading & Operations Analysts.
Short-Term Power Trading & Operations Analyst III Overview The Short-Term Power Trading & Operations Analyst III performs day ahead trading, scheduling, and implementation of the District's real-time contract to facilitate and optimize the District's real-time contract and short term trading. This position is also responsible for real-time services contract administration and management, market and resource analysis, and monitoring and advising slice contract purchasers. This position is the most senior level position for this career track - the top of three levels of Short-Term Power Trading & Operations Analysts. Short-Term Power Trading & Operations Analyst I Responsibilities - Trading-- Executes short term (daily, balance-of-the-month) power transactions and purchases transmission as necessary, to optimize revenue and meet load within the constraints of the system and in accordance with the District's risk management and credit policies with some oversight. Reviews paper pond balances and other constraints in order to monitor and minimize spill at projects. Assists and supports in monitoring power contracts and all provisions in the contracts to maximize revenues. Records, schedules and monitors all power and transmission transactions in the transaction management system. Performs checkout of net interchange schedules with all adjacent control areas, trouble-shooting and correcting any discrepancies as necessary.
- Performs real-time services contract administration and management. With direction, meets all contract objectives while meeting all applicable standards. Shares information and receives feedback. Assists in the resolution of events/issues that are not specifically covered under real-time services contract. Creates and captures the daily settlement in the District's transaction management systems. Reviews daily operations and activities to ensure value capture, maintenance of reliability, and contractual obligations.
- Market & Resource Analysis--Performs basic market and resource analysis to create and evaluate strategies to optimize the value of the District's resources and contracts. Assists with monitoring river flows, weather and load forecasts, reservoir storage, fish operations, wind generation, and unit outages. Also, assists with monitoring Columbia River system constraints, District resources, regional energy market conditions, and regional grid operations. Assists with the preparation of water forecasts and monitoring operations at Grand Coulee.
- Monitors, and advises Chelan’s hydro project purchasers--Supports slice purchasers in the real-time environment and ensures counterparties adhere to contract obligations and limitations. Knowledge of operational guidelines and instructions for purchasers on systems and tools to manage their obligations. Ensures compliance with operational requirements.
- Internal & External Relationships-Supports communications and relationships with internal departments, project operations, system operations, fisheries, and risk to effectively manage resources and obligations. Maintains and establishes relationships with external personnel as required to facilitate the success of the District's energy Planning and trading activities. Attends at regional forums and reports content to supervisor.
- Real-time contingency planning-Knowledge of documents, information, tasks, and procedures necessary to facilitate real-time processes and activities. Ability to use the real-time contingency plan to ensure a timely response to any disruptive or extended interruptions of normal business operations and to minimize District losses. Performs tests on the real-time contingency plan.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Short-Term Power Trading & Operations Analyst II Responsibilities - Trading-- Executes short term (daily, balance-of-the-month) power transactions and purchases transmission as necessary, to optimize revenue and meet load within the constraints of the system and in accordance with the District's risk management and credit policies. Reviews paper pond balances in order to monitor and minimize spill at projects. Monitors power contracts and all provisions in the contracts to maximize revenues. Records, schedules and monitors all power and transmission transactions in the transaction management system. Performs checkout of net interchange schedules with all adjacent control areas, trouble-shooting and correcting any discrepancies as necessary.
- Performs real-time services contract administration and management. Supports and coordinates with real-time services provider to meet all contract objectives while meeting all applicable standards. Facilitates information sharing and feedback. Resolves events/issues that are not specifically covered under real-time services contract. Creates and captures the daily settlement in the District's transaction management systems. Reviews daily operations and activities to ensure value capture, maintenance of reliability, and contractual obligations.
- Market & Resource Analysis--Performs market and resource analysis to create and evaluate strategies to optimize the value of the District's resources and contracts. Assists with monitoring river flows, weather and load forecasts, reservoir storage, fish operations, wind generation, and unit outages. Also, develops inflow forecasts and monitors Columbia River system constraints, District resources, regional energy market conditions, and regional grid operations. Prepares water forecasts and monitoring operations of other hydro projects, as assigned.
- Monitors, trains, and advises Chelan’s hydro project purchasers -- Supports slice purchasers in the real-time environment and ensures counterparties adhere to contract obligations and limitations. Reviews operational guidelines and instructions and trains slice purchasers on systems and tools to manage their obligations. Ensures compliance with operational requirements.
- Internal & External Relationships-Coordinates communications and relationships with internal departments, project operations, system operations, fisheries, and risk to effectively manage resources and meet obligations. Maintains and establishes relationships with external personnel as required to facilitate the success of the District's energy Planning and trading activities. Represents the District at regional forums and reports content to supervisor.
- Real-time contingency planning--Maintains and documents, information, tasks, and procedures necessary to facilitate real-time processes and activities. Apply the real-time contingency plan to ensure a timely response to any disruptive or extended interruptions of normal business operations and to minimize District losses. Performs tests on the real-time contingency plan and provides supervisor or level III feedback on plan improvements.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Short-Term Power Trading & Operations Analyst III Responsibilities - Trading-Develops strategies and executes short term (daily, balance-of-the-month) power transactions and purchases transmission as necessary, to optimize revenue and meet load within the constraints of the system and in accordance with the District's risk management and credit policies. Reviews paper pond balances in order to monitor and minimize spill at projects. Monitors power contracts and all provisions in the contracts to maximize revenues. Records, schedules and monitors all power and transmission transactions in the transaction management system. Performs checkout of net interchange schedules with all adjacent control areas, trouble-shooting and correcting any discrepancies as necessary.
- Complex real-time services contract administration and management - Acts as a liaison for the District's real-time services provider and other District planning and trading staff. Coordinates with real-time services provider to meet all contract objectives while meeting all applicable standards. Facilitates and promotes information sharing and feedback. Proposes solutions and resolves events/issues that are not specifically covered under real-time services contract. Creates and captures the daily settlement in the District's transaction management systems. Reviews daily operations and activities to ensure value capture, maintenance of reliability, and contractual obligations.
- Market & Resource Analysis--Performs advanced market and resource analysis to create and evaluate strategies to optimize the value of the District's resources and contracts. Monitors river flows, weather and load forecasts, reservoir storage, fish operations, wind generation, and unit outages. Also, develops inflow forecasts and monitors Columbia River system constraints, District resources, regional energy market conditions, and regional grid operations. Prepares water forecasts and monitoring operations of other hydro projects, as assigned.
- Internal & External Relationships--Coordinates with internal departments, project operations, system operations, fisheries, and risk to effectively manage resources and obligations. Maintains and establishes relationships with external personnel as required to facilitate the success of the District's energy Planning and trading activities. Represents the District at regional forums.
- Real-time contingency planning--Maintains and documents, information, tasks, and procedures necessary to facilitate real-time processes and activities. Develops and maintains a real-time contingency plan to ensure a timely response to any disruptive or extended interruptions of normal business operations and to minimize District losses. Tests the real-time contingency plan and adapts as needed to maintain a viable and actionable backup plan to provide 365 day, 24 hour coverage.
- Monitors, trains, and advises Chelan’s hydro project purchasers -- Supports slice purchasers in the real-time environment and ensures counterparties adhere to contract obligations and limitations. Develops operational guidelines and instructions and trains slice purchasers on systems and tools to manage their obligations. Ensures compliance with operational requirements.
- Training & Mentoring - Trains and mentors lower level Short Term Trading and Operations Analysts. Is an in house subject expert and shares expertise internally and externally.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Reports To Manager - Short Term Trading - Ops
Overtime exemption Exempt
Qualifications
Short-Term Power Trading & Operations Analyst I, II, III Education Equivalent experience (year for year) may substitute for required education. - Bachelor's Degree in (B. S., B. A.) in Engineering, Finance, Business, Economics, or a related field from a four-year college or university is required.
Short-Term Power Trading & Operations Analyst I Experience
- 1 year of related experience in relevant energy planning & trading experience, to include experience in power operations, planning, project development, and/or energy marketing is preferred.
Short-Term Power Trading & Operations Analyst II Experience - 3+ years of relevant energy planning & trading experience, to include experience in power operations, planning, project development, and/or energy marketing is typically required.
Short-Term Power Trading & Operations Analyst III Experience - Typically requires eight (8) years of relevant energy planning & trading experience, to include experience in power operations, planning, project development, and/or energy marketing is required.
- Progressive trading experience in energy markets as well as strong working knowledge of industry specific and proprietary trading systems, tariffs, OASIS requirements, NERC e-tagging requirements are preferred.
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