To organize, participate and coordinate activities related to the marketing of Agency energy products and optimization of the sale of electric energy within physical and financial contractual obligations in the wholesale power market; to coordinate energy marketing, power trading and power scheduling/optimization activities with other divisions and departments; and to provide highly complex staff assistance to senior management.
|Examples of Duties
The following duties are typical for this classification. Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices.
- Participate on an energy marketing, planning and management team to develop and update recommended seasonal and monthly water/energy dispatch plans to maximize revenue from the sale of energy, meet licensing requirements and meet consumptive water supply delivery obligations.
- Manage water storage, flows and generation for owned and/or managed assets based on operating plans, contract provisions and limitations, forecasts and hydrologic conditions.
- Analyze short- and long-term energy market trends.
- Develop and implement resource strategies in line with market conditions and constraints to maximize value and limit financial exposure
- Develop resource optimization models and participate in the development of an integrated resource plan.
- Participate in both advance and real-time dispatch decisions for Agency-owned electrical generation assets, assessing and recommending various trading, marketing and scheduling strategies.
- Interface with power system operations staff and the California Independent System Operator (CAISO) on regulatory and generation decisions.
- Develop and update daily and hourly dispatch plans for each generator consistent with the annual, monthly, weekly and daily water/energy plan.
- Perform economic analysis and energy price forecasting in collaboration with PCWA’s energy partners, including long-term and day-ahead forecasts.
- Prepare and submit day-ahead and real-time bids to the CAISO for energy, capacity and ancillary services.
- Conduct complex financial modeling of power revenues.
- Recommend operational changes to PCWA power system operations that may affect hydroelectric power generation to maximize power sales.
- Establish and maintain relationships with counter parties in the wholesale energy markets.
- Perform price discovery, follow trends of energy price movement and actively respond to changes in forward market pricing as part of on-going planning.
- Analyze and communicate bulk power and related market intelligence including variables that influence pricing.
- Respond to data requests from regulatory agencies pertaining to power sales.
- Record relevant information for completed energy, capacity and ancillary services transactions in established recordkeeping systems.
- Recommend forward positions for the sale of bulk power and negotiate and transact final agreements for authorized positions.
- Forecast hydrology and develop and maintain hydrologic models for applicable energy markets.
- Make presentations as appropriate to upper management and the PCWA/MFPFA Boards of Directors.
- Develop and administer wholesale energy market-related contracts and associated master agreements for all energy products produced by Agency-owned, operated, maintained or managed assets, as required.
- Develop, maintain and administer required CAISO agreements.
- Review, analyze and assess the impact of proposed policies, legislation, regulations and industry practices.
- Assist in the implementation of power sales-related goals and objectives.
- Prepare various reports related to all energy trading, marketing, scheduling and operations activities.
- Communicate current trading and scheduling plans and activities with appropriate Agency staff, stakeholders and energy partners.
- Establish and maintain relationships with industry counterparts, trade groups, regulatory agencies and legislative staff to promote and optimize the Agency’s interests with regards to asset operation, maintenance and management.
- Participate in budget preparation and administration.
- Build and maintain positive working relationships with co-workers, other Agency employees and the public using principles of good customer service.
- Perform related duties as required.
|Required Qualifications - Knowledge of
- Principles of power generation and transmission systems, including interconnected utility operations and generation resources.
- CAISO markets, procedures and reporting requirements, particularly related to scheduling, charges and settlements.
- Concepts, procedures and reporting requirements for WECC and NERCoperating and reliability criteria.
- Energy and gas market fundamentals.
- Natural gas supply chain and pipeline transportation system concepts.
- Principles, practices and procedures related to energy sales and trading, including energy portfolio dispatch and relevant market trends.
- Gas and electric utility financial transaction terms, pricing and settlements concepts.
- Energy price discovery and related tools and systems.
- Current trends in the energy market.
- Wholesale energy pricing techniques and principles.
- Regulatory requirements pertaining to the sale of bulk power.
- Provisions and requirements of the Agency’s Energy Risk Management Policy.
- Principles and concepts of advanced mathematics, including statistics and calculus.
- Principles and practices of research and data analysis.
- Statistical programming languages and specialized software to build and maintain forecast models.
- Budget preparation and analysis procedures.
- Contract preparation and analysis.
- Project management concepts and principles.
- Report preparation.
- English usage in business and government.
- Modern office equipment including word processing, database and spreadsheet applications.
- Principles and practices of customer service.
|Required Qualifications - Ability to
- Perform economic, statistical and financial analysis.
- Research and analyze a variety of statistical, financial, economic, market and historical/trend data.
- Analyze RTO/ISO data and market trends.
- Analyze energy markets.
- Analyze hydrology data and records.
- Analyze risk and develop appropriate alternative/mitigation measures.
- Interpret and conform to regulatory requirements pertaining to the sale of energy.
- Prepare and administer a budget.
- Negotiate on behalf of the Agency with external parties and stakeholders, balancing the needs of the Agency with a successful outcome, identifying obstacles and developing creative solutions.
- Prepare and deliver presentations and oral testimony to internal and external audiences.
- Identify and resolve problems in a timely manner.
- Develop operational strategies and related policy recommendations to optimize value of energy products
- Function as an advocate for Agency energy marketing, trading, scheduling and contracting activities.
- Communicate clearly and concisely, both orally and in writing.
- Establish and maintain effective working relationships with those contacted in the course of work.
- Work is generally carried out in an office setting.
- Frequently sit at a desk and in meetings for long periods of time.
- Frequently twist to reach equipment and perform simple grasping and fine manipulation to write and use keyboard and other office equipment.
- Occasionally lift up to 35 pounds.
|License or Certificate
Possession and maintenance of a valid California driver’s license and acceptable driving record.
|Experience and Education
Three years of experience, with increasing responsibly, working in wholesale energy markets, preferably in RTO/ISO markets.
Equivalent to a Bachelor’s degree from an accredited college or university in Mathematics, Economics, Engineering or a related field.