Scope of Work - Main duties, settings, geography, reporting relationships, other relationships:
This position, with limited supervision, is responsible for energy-related transaction/activities in the NYISO (New York Independent System Operator), PJM (Pennsylvania-New Jersey-Maine Interconnection) and ISO-NE (Independent System Operator for New England) energy markets, submission of generation/dispatch bid/costs and load balancing activities. For postings associated with the 24-hour desk position, must be willing to work on a rotating shift cycle.
MAJOR ROLES AND RESPONSIBILITIES (Scope of work - range of responsibilities):
Follow all aspects of and comply with the NYISO energy and capacity requirements.
Prepare and analyze daily generator bids and load bid forecasting for NYSEG and RGE.
Operate and maintain forecasting programs, databases, and tools.
Produce short-term load forecasts and schedule/acquire physical power from the NYISO in the Day-Ahead Market.
Estimate generation output, including impacts from Distributed Energy Resources ("DER"), and submit bids to the NYISO in the Day-Ahead Market.
Enter physical and financial transactions internally to the NYISO as well as external transactions with PJM and ISO-NE.
Coordinate with Independent Power Producers (IPPs) on unit performance/availability for system needs.
Effective execution of transactions to hedge to the companies' open positions within approved risk management guidelines. Additionally, analyze strategies and/or structured transactions to reduce costs and risks to the Company's customers while meeting supply procurement goals.
Responsible for developing and executing the hedging schedule for all NYSEG and RGE pricing zones in accordance with the Default Supply Option.
Schedule and execute energy futures and capacity purchases for NYSEG and RGE (approximately 4.5 TWh energy and 10 GW capacity).
Accurately complete deal tickets, confirm transaction details, and enter transactions into the Energy & Commodity Trading and Risk Management (E/CTRM) system accurately and in compliance with Energy Services Risk Management Procedures Manual.
Maintain external relationships with Broker contacts.
Resolve billing issues for all NYISO, PJM, ISO-NE, Power Purchase Agreements, and miscellaneous transactions.
Where appropriate, capture and manage arbitrage opportunities through day-ahead and real-time transactions.
Execute accurate budget development and variance reporting, developing responses, and completing other assigned tasks.
Create, analyze, and issue NYSEG and RGE's Quarterly CoV reports for filing with the New York State Public Service Commission.
Prepare NYSEG and RGE's Summer Preparedness and Winter Preparedness reports annually for DPS Staff. May liaise with state regulatory Staff on Preparedness Activities.
Prepare, analyze, and distribute the Chairman's Report load reports (Daily and Weekly reports).
Prepare, analyze, and distribute Mark-to-Market reports weekly, monthly and as requested.
Extensive knowledge of the E/CTRM deal tracking system for developing new inputs, modifying views and reports and other various data outputs.
Monitor real-time system load, generation and transactions and take corrective action as needed.
Tracks and verifies all transactions of energy demand.
Observes weather conditions and generator availability that may impact Company's financial position and subsequent load/generation bidding strategies.
Acquire and distribute generation schedules and pricing from the NYISO.
Enter real-time external transactions between the NYISO and PJM.
Resolve real-time billing issues within E/CTRM.
Prepare short-term price forecasts for NYISO and PJM Real-Time and Day-Ahead Markets
Provides database management for internal databases of pricing information.
Creates queries and programs macros to assimilate data into a central file (Access or Excel).
Maintains several pricing programs, files, and databases.
May perform other duties, as assigned.
Execute NUG dispatch and spark spread transactions, as needed
Assist Gas Supply with pipeline data and daily load forecasting.
Execute the purchase and sale of capacity and/or environmental attributes while complying with company's guidelines and/or policies.
Responds to various data requests from upper management.
JOB REQUIREMENTS:
Education & Experience Required:
This position requires minimally an Associate's Degree from an accredited college/university in in Engineering, Business Administration or Sciences with a minimum of 5 years of relevant experience required, or a Bachelor's of Science/Arts Degree from an accredited college/university in Engineering, Business Administration or Sciences with a minimum of 3 years relevant experience preferred.
A minimum of 2 years of experience in wholesale commodity acquisition and supply preferred. Similar experience with corporate purchasing and contract management, energy accounting and/or experience with SAP functions related to purchasing, supply management and accounting may be partially substituted for experience with wholesale commodity markets.
Knowledge/experience in these areas desirable: electric energy and capacity markets, NYISO, NYISO MIS and JESS, PJM, and ISO-NE.
Skills/Abilities:
Strong ability to work collaboratively and contribute as a member of a team to develop and implement risk mitigation strategies.
Must be highly organized, self-directed, and capable of managing multiple responsibilities and deliverables to successful completion.
Able to make quick and precise decisions.
Knowledge of financial analysis and spreadsheets.
For postings associated with the 24-hour desk position, must be willing to work on a rotating shift cycle.
Advanced Microsoft Office suite experience including MS Excel and Access.
Proactive, self-motivated, and results oriented.
Extensive knowledge of E/CTRM Deal Tracking System.
Excellent analytical, interpersonal, verbal and written communication skills.
Ability to perform detailed data verification efficiently and accurately.
Ability to identify business risks and to develop and execute mitigating strategies.
Strong business and departmental focus.
Competency Requirements:
It is preferred that for this job, the candidate fulfills the requirements in terms of levels indicated below.
1. Delivering for the Business:
Global View of the Business - Advanced
Achieving Results and Continuous Improvements - Advanced
Initiative - Advanced
Innovation & Creativity - Advanced
2. Global Relationships:
Flexibility & Globalization - Advanced
Customer Focus - Advanced
Communicating & Influencing - Advanced
Teamwork - Advanced
Developing Self and Others - Advanced
#LI-OFFICE; #LI-CH1
Mobility Information
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
AVANGRID's employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at careers@avangrid.com
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
