Principal Term Trader / Senior Term Trader

Responsibilities

• Senior Term Trader Career Path
• This level is close to an expert in either power or gas. At this level, cash through term trading is expected.
• Principal Term Trader Career Path
• This level is an expert in the power and/or gas markets, leading the group's discussions and views, which are then reflected in PGE's positions. Cash through term trading is expected at this level.
• Preschedule Planning
• Serves as an expert when it comes to communicating impacts of term trading on preschedule operations.
• Leads Term to Day-Ahead strategy discussions (e.g., "Hand Off" meetings) and can clearly outline the Term Teams thought process in providing position(s) to Day-Ahead.
• Marketing Strategies
• Serves as an expert on the commodity energy markets and captures market information that will facilitate economic transactions.
• Demonstrates ability to build relationships with PGE originators (e.g., Structuring and Origination and Renewable Initiatives) and can guide them to find products needed to hedge the position.
• Evaluates business-related software applications and implements improvements to products; provides training and guidance on power and gas marketing to less experienced traders.
• Transaction Execution
• Understands the forward position and how changes to the portfolio mix and load will impact not only the forward position but the impact to Day-ahead and Real-time operations.
• A cquires sufficient and cost-effective supplies of wholesale energy commodities to reliably serve PGE load and contractual commitments.
• Leads PGE's deterministic position management; independently negotiates and executes approved transactions to meet customer demand, optimize company assets and maintain system integrity.
• Maintains qualification to execute short-term ( next-day ) power and/or gas trades but primary focus is long-term (up to 24 months) power and/or gas trades in commodity markets with approved counterparties.
• Leads the development and execution of mid-term hedging strategies beyond 24 months .
• Leads transaction strategy and execution specific to FERC jurisdictional products beyond power and natural gas (e.g., Congestion Revenue Rights).
• Mentors junior team members in transacting of FERC jurisdictional produces with less complexity (e.g., Renewable Energy Certificates and Carbon Allowances .)
• Works with Credit and Contracts Department to establish new trading partnerships and opportunities.
• Power and Gas Portfolio Management
• Analyzes PGE's commodity positions and makes recommendations on optimizing the value of PGE's assets.
• Performs both technical and fundamental analyses of regional power and regional/national natural gas markets; recommends and implements hedge execution strategies to optimize company assets and manage risk.
• Develops and operates models to determine the likelihood of favorable plant economics based on power and fuel prices for various time frames . Plans the most efficient and profitable operation of generation assets and contractual resources in the portfolio based on such modeling.
• 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.
• Collaborates with long-term resource and planning groups to review asset acquisitions.
• Strategy
• Leads in managing PGE's forward probabilistic

Additional Information

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 Trader or Principal Term Trader to join our Term Trading team. The position will lead natural gas position management applicable to term trading timelines (e.g., primarily focused on prompt month to the next year). Attaining internal qualifications to trade term-authorized power products will also be applicable but will not be the immediate focus of the position. In this role you will conduct purchase and sale transactions to increase margin, and lead internal stakeholder engagement to ensure natural gas positions are understood across front-office teams and partner organizations such as Risk Management and Power Cost Forecasting. The successful candidate will need to demonstrate a thorough understanding of wholesale hedging practices. You will also represent front-office in internal working groups tasked with establishing forecasts of power costs in regulatory proceedings. Placement at the Principal or Senior level will be based on the respective qualifications and experience for this position.

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