Electric Trading Analyst

Scope of the Role

The Electric Trading Analyst (ETA) is responsible for performing activities related to the analysis and optimization of the short-term power portfolio. The primary area of responsibility is to assist in strategic decision making as it pertains to the optimization of the real-time and day ahead power portfolio. The Electric Trading Analyst is expected to work in conjunction with the Golden Spread Market Operations team as well as the ACES Power Marketing trading staff. Golden Spread Electric Cooperative, Inc. (GSEC) is part owner of ACES Power Marketing, and all real-time transactions are currently executed by ACES Power Marketing.

This position will also be responsible for real-time market intelligence and will recommend and coordinate strategy as needed with ACES Power Marketing to ensure maximum portfolio optimization. The ETA must work within compliance of industry standards, protocols, rules, and internal policies/procedures. This position serves GSEC and its Members by providing market analysis in regard to the purchase, sale, and trade of energy while mitigating risk by acting in accordance with GSEC market operations compliance.

Other related Market Operations functions will be assigned as needed. Examples of those functions could include congestion management coordination, Renewable Energy Credit (REC) coordination in three different markets as well as bilateral contract amendments for purchase power agreements. In addition, the Electric Trading Analyst will be part of a team responsible for the Mitigated Offer curve data depository and will coordinate such information with the Southwest Power Pool (SPP). Also, the position could be the liaison for several areas within SPP and Electric Reliability Council of Texas (ERCOT) including but not limited to the Request Management System (RMS). The position will be heavily involved in short term load forecasting discussions for both SPP and ERCOT.

Essential Job Functions

• Analyze and determine whether the day ahead and real-time power position is the most optimal for each hour and recommend any necessary changes.
• Make continuous recommendations to the Director of Hedging and Optimization to adjust daily market activity strategy to meet the Cooperative’s two key objectives to minimize energy prices for system loads and maximize margins from excess resources and purchase power contracts.
• Understands the Market Protocols in both ERCOT and SPP and is the subject matter expert for requirements related to GSEC’s Trading function.
• Assist in the oversight of Trading-related compliance obligations performed by GSEC’s third parties.
• Coordinate the drafting and implementation of compliance procedures, desk procedures, and other controls as needed, to meet compliance and business requirements related to the Trading function.
• Continually analyze all SPP Portal information for accuracy and results.
• Explain day ahead and real-time market occurrences.
• Develop and maintain reports, graphs and charts representing specific data as needed.
• Provide data to support various business functions and coordinate with Market Operations, Power Supply, Accounting & Billing and others as needed.
• Coordinate any bilateral contract amendments as required.
• Coordinate and lead scheduled operational calls with power plant staff.
• Work flexible hours during certain times of the year to assure key times of the day are being optimized.
• Understands the impacts on the GSEC fuel program.
• Participate in modeling discussions and run internal models.
• Coordinate cross departmental information as needed.
• Other duties as assigned.

Complexity of Problems

The ETA requires a high level of accuracy and attention to detail while identifying discrepancies and making recommendations on how to solve the problem(s). This position must work independently while exercising judgement, initiative and professionalism in providing advice and recommendations that will affect the strategic value of the Cooperative and enable the Cooperative to achieve its key objectives.

Internal and External Contacts

Internal Contacts: Employees at all levels within the organization

External Contact: ACES Power Marketing personnel, ERCOT and SPP trading personnel, power brokers

Education, Knowledge, and Experience Required

2 years of energy industry experience is preferred but not required.

BBA in Finance, Economics or MBA required. Other relevant college degrees could be considered.

Basic proficiency in Microsoft Office Suite.

Basic statistics and data analysis.

Basic understanding of current data analysis tools.

Basic understanding of Microsoft Excel, PowerBI, and PowerQuery.

Attention to detail accuracy.

Ability to meet deadlines.

Work location and conditions – Office, Amarillo, TX

Competencies

Collaboration – Core Competency

Ethics & Integrity – Core Competency

Deliver Results – Core Competency

Analysis/Reasoning

Continuous Learning

Attention to Detail

FLSA Status

Exempt, Flexibility in work schedule required.