Power Trader

The Energy Authority is a public power-owned, nonprofit corporation with offices in Jacksonville, Florida, and Bellevue (Seattle), Washington. TEA provides public power utilities with access to advanced resources and technology systems so they can respond competitively in the changing energy markets. Through partnership with TEA, utilities benefit from an experienced organization that is singularly focused on deriving the maximum value of their assets from the market.

TEA Values

TEA employees share a common sense of purpose. When TEA accomplishes its mission, the result is improved quality of life for the citizens and businesses of the communities our clients serve.

TEA employees exceed the expectations of those they serve, deliver services with the highest standards of fair, honest, and ethical behavior, set the standard for service and expertise in our industry, embody a spirit of collaboration, and embrace TEA’s founding entrepreneurial spirit by seizing opportunities to deliver value.

If you are self-motivated, driven to deliver excellence, and passionate about your career, TEA is the perfect place for you.

It’s YOUR Future. It’s OUR Future.

Join Our Team as a Power Trader

Are you ready to take on a pivotal role in the fast-paced world of energy trading? As a Power Trader, you will be at the forefront of managing daily and term transactions for TEA’s California clients, ensuring seamless operations for both load and generation. In this dynamic position, you’ll collaborate closely with a team of Power Traders and Portfolio Managers to meet critical deadlines and drive business success. This role demands a goal-oriented, detail-focused, and well-organized individual who thrives in a team environment, even when working unorthodox schedules.

What You’ll Do:

1. CAISO Submissions and Scheduling:
   1. Submit client supply and demand bids and ISTs in CAISO, ensuring accurate and timely entries.
   2. Communicate with external marketers and schedulers to confirm delivery and duration of term transactions.
   3. Coordinate with generators and the CAISO Gen desk to manage generation schedules effectively.
   4. Maintain up-to-date knowledge of TEA client resource portfolios and support evening and/or weekend on-call duties as needed.
2. Resource Adequacy (RA) Procurement:
   1. Maintain discussion with clients through monthly formal meetings (RMT/EROC), and ad hoc meetings as necessary to determine RA procurement strategy and goals of each client.
   2. Engage the market to purchase or sell RA on behalf of clients, including discussion of needs to buy or sell, and introduction, negotiation, and execution of transaction confirmation.
   3. Run and participate in RFOs/RFBs, engage with counterparties bilaterally, maintain conversation with brokers.
   4. Stay up to date on RA policy changes.
3. Analysis and Process Improvements:
   1. Perform ad-hoc analysis to support the trading team and suggest adjustments to client load forecasts.
   2. Assist with the continuous development and enhancement of TEA’s tools and processes, including testing new tools as markets evolve.
   3. Play a key role in automating manual processes and providing feedback on the STORA optimization model.
4. Training and Development:
   1. Serve as a subject matter expert on RTO rules for TEA and its CAISO clients.
   2. Attend CAISO and other RTO Market and Technology training sessions; prepare and deliver presentations to TEA and clients.
   3. Participate in CAISO market meetings and relevant policy initiatives to stay ahead of industry changes.

Why You’ll Love This Role:

1. Impactful Work: You’ll be instrumental in ensuring the success of our California clients, directly contributing to the smooth operation of their energy portfolios.
2. Collaborative Environment: Work closely with a team of experts in a results-oriented setting where every day brings new challenges and opportunities.
3. Professional Growth: Enhance your skills in energy trading, market analysis, and process improvement, all while gaining in-depth knowledge of CAISO and RTO markets.

Qualifications:

1. Bachelor's degree (B.S.) from a four-year college or university.
2. Five years of relevant work experience, particularly in trading, asset management, resource adequacy, accounting, or finance, is highly desired.
3. Basic understanding of RTO markets, especially CAISO.
4. Experience trading in bilateral and/or other markets, with a strong grasp of business processes and attention to detail.
5. Strong interpersonal skills and experience communicating complex concepts to clients.
6. Proficiency in Excel and the ability to manipulate data effectively.
7. Ability to learn and utilize a wide variety of internal and external systems.

Desired Skills/Experience:

1. Knowledge of renewable asset management.
2. Understanding of battery and hybrid participation in CAISO.

Compensation:

1. Competitive salary based on experience and qualifications.
2. Level 1 compensation: $113,654 - $153,768.
3. Annual target short-term incentive rate of 30% of base salary based on corporate, team, and individual performance.
4. Paid time off starting at 17 days per year, plus nine paid holidays.
5. 401(a) employer contribution and 457(b) deferred compensation retirement savings plans.
6. Medical, dental, vision, life, AD&D, and disability insurance.
7. Health savings and flexible spending accounts.
8. Great work-life balance and company culture with high visibility to senior executives.

Ready to make an impact in the energy sector? Apply now to join our team as a Power Trader and help shape the future of energy trading!