What are the responsibilities and job description for the Real Time Trader I position at Public Service Company of New Mexico (PNM)?
POSTING DEADLINE
This position is posted until filled.
DEPARTMENT
Department: Wholesale Power Marketing
Job Description
Real Time Trader I
Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.
Summary
Under general supervision, ensures that PNM's projected electric customer load demand is met, around-the-clock, in the most economic and efficient manner while adhering to operating system constraints and industry or regulatory guidelines.
Essential Duties And Responsibilities
Responsible for ensuring compliance with the North American Electric Reliability Corporation Operating Standards and other regional standards
Responds to generation disturbances within established regulatory, industry, reserve sharing groups, and company standards to assure a continuous supply of electricity to customers
Responds to generation outages by urgently procuring alternative economic resources
Implements real-time actions to insure stable and reliable operation of the Bulk Electric System
Procures economical spinning, operating and ready, system reserve requirements
Provides power schedule interchange information to the System Operator for use in Control Area administration.
Negotiates product, price, quantity, terms, etc., under available agreements to buy, sell, or swap wholesale power with regional, national utilities, and other power marketing entities
Supports the Wholesale Power Marketing Team by developing leads to expand pre-scheduling and intermediate and long-term market opportunities
Establishes and maintains positive business relationships with counterparts at regional or national utilities and marketer organizations
Establishes and maintains tracking mechanisms to properly confirm and document billings, etc.
Resolves interchange scheduling and pricing disputes with utility and power marketing entity counterparts
Administers PNM's wholesale power contracts
Secures transmission paths as necessary for power purchase and sale activities
Competencies
General understanding of the competitive wholesale electricity marketplace, including the effects from market dynamics such as delivery limitations, regional supply/demand, daily/seasonal diversities, reliability aspects, fuel considerations, etc.
Analytical skills to properly assess complex technical and economic variables and the capability to make fast and accurate decisions based on the conclusions reached.
The ability to perform under considerable stress induced by a highly competitive environment, impending deadlines, emergency situations and work rotating shifts with irregular hours including weekend and holidays and are subject to change at any time. The hours of work are structured as rotating shift coverage 24 hours/day and 7 days/week, every day of the year, and are subject to change at any time.
General knowledge of the interconnected bulk power generation and transmission network and the operational aspects of that network.
Qualifications
MINIMUM EDUCATION AND/OR EXPERIENCE:
Bachelor's degree from four-year college or university in Marketing, Business, Finance, Economics or Engineering with zero to two years of related experience, or equivalent combination of education and/or experience related to the discipline.
Communication Skills
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
Ability to write routine reports and correspondence.
Ability to speak effectively before groups of customers or employees of organization.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts of basic algebra and geometry.
Analysis And Problem-solving Ability
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills
Working knowledge of personal computer and standard business office applications including Microsoft Office Suite, and other related applications; adaptability to industry specific software.
Physical Demands
While performing the duties of this job, the employee is regularly required to sit up to 2/3 of the time. The employee must occasionally lift and/or move up to 10 pounds.
Work Environment
All of these duties are performed indoors and at a desk, operating office equipment.
SAFETY AND ADA STATEMENT
Safety Statement
Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.
Americans With Disabilities Act (ADA) Statement
If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.
This position is posted until filled.
DEPARTMENT
Department: Wholesale Power Marketing
Job Description
Real Time Trader I
Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.
Summary
Under general supervision, ensures that PNM's projected electric customer load demand is met, around-the-clock, in the most economic and efficient manner while adhering to operating system constraints and industry or regulatory guidelines.
Essential Duties And Responsibilities
Responsible for ensuring compliance with the North American Electric Reliability Corporation Operating Standards and other regional standards
Responds to generation disturbances within established regulatory, industry, reserve sharing groups, and company standards to assure a continuous supply of electricity to customers
Responds to generation outages by urgently procuring alternative economic resources
Implements real-time actions to insure stable and reliable operation of the Bulk Electric System
Procures economical spinning, operating and ready, system reserve requirements
Provides power schedule interchange information to the System Operator for use in Control Area administration.
Negotiates product, price, quantity, terms, etc., under available agreements to buy, sell, or swap wholesale power with regional, national utilities, and other power marketing entities
Supports the Wholesale Power Marketing Team by developing leads to expand pre-scheduling and intermediate and long-term market opportunities
Establishes and maintains positive business relationships with counterparts at regional or national utilities and marketer organizations
Establishes and maintains tracking mechanisms to properly confirm and document billings, etc.
Resolves interchange scheduling and pricing disputes with utility and power marketing entity counterparts
Administers PNM's wholesale power contracts
Secures transmission paths as necessary for power purchase and sale activities
Competencies
General understanding of the competitive wholesale electricity marketplace, including the effects from market dynamics such as delivery limitations, regional supply/demand, daily/seasonal diversities, reliability aspects, fuel considerations, etc.
Analytical skills to properly assess complex technical and economic variables and the capability to make fast and accurate decisions based on the conclusions reached.
The ability to perform under considerable stress induced by a highly competitive environment, impending deadlines, emergency situations and work rotating shifts with irregular hours including weekend and holidays and are subject to change at any time. The hours of work are structured as rotating shift coverage 24 hours/day and 7 days/week, every day of the year, and are subject to change at any time.
General knowledge of the interconnected bulk power generation and transmission network and the operational aspects of that network.
Qualifications
MINIMUM EDUCATION AND/OR EXPERIENCE:
Bachelor's degree from four-year college or university in Marketing, Business, Finance, Economics or Engineering with zero to two years of related experience, or equivalent combination of education and/or experience related to the discipline.
Communication Skills
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
Ability to write routine reports and correspondence.
Ability to speak effectively before groups of customers or employees of organization.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts of basic algebra and geometry.
Analysis And Problem-solving Ability
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills
Working knowledge of personal computer and standard business office applications including Microsoft Office Suite, and other related applications; adaptability to industry specific software.
Physical Demands
While performing the duties of this job, the employee is regularly required to sit up to 2/3 of the time. The employee must occasionally lift and/or move up to 10 pounds.
Work Environment
All of these duties are performed indoors and at a desk, operating office equipment.
SAFETY AND ADA STATEMENT
Safety Statement
Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.
Americans With Disabilities Act (ADA) Statement
If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.