Day-Ahead Energy Trader

Position Description

Tacoma Power’s Power Management group is currently looking for a Day-Ahead Energy Trader to join their team. The Day-Ahead Energy Trader is responsible for the near-term management of Tacoma Power’s bulk power supply portfolio. This position balances the system load and resources in an economic and reliable manner, negotiating physical energy trades in the near-term market. The portfolio optimization duties require a variety of economic and market analysis and helps Tacoma Power prepare for industry changes such as Western Resource Adequacy Program and Southwest Power Pool’s Markets+. This position directly supports our mission by optimizing our resources and wholesale revenues. This position is required to be in office 3 days per week. Bilateral trading for Tacoma begins at 5:00 A.M. Responsibilities Include

- Develop a thorough understanding of Tacoma Power’s hydroelectric resources and their power and non-power constraints. Apply this knowledge to develop day-ahead proposals that optimize these resources while taking into account hydro and price uncertainty and other risks. Collaborate with other internal stakeholders, such as our resource operations team, to vet and enhance these plans.

- Negotiate and execute physical trades of power supply products in conformance with Tacoma Power’s trading guidelines and risk management policies.

- Lead and help prepare Tacoma through rigorous analysis for industry changes such as the Western Resource Adequacy Program, BPA Provider of Choice and Markets+. Lead and coordinate daily stand-up meeting briefing staff regarding day-ahead trading and strategies executed.

- Create and lead new trading strategies that can optimize Tacoma’s generation portfolio. Plan and coordinate operation of generation resources and transmission facilities. Secure transmission for energy sales and purchases. Collaborate with policy analysts to develop strategies for Tacoma’s carbon-free resources in compliance with State programs.

- Collaborate and strategize with operations & real-time trading staff on resource planning and market fundamentals to optimize wholesale revenues.

- Develop daily and near-term generation and interchange plans in accordance with established guidelines. Assure compliance with reliability standards and regulatory requirements.

- Prepare and execute Executive Presentations on industry changes and challenges to prepare Tacoma leadership teams.

Qualifications

Minimum Education*

Bachelor's degree in business, economics, mathematics, engineering or related field

Minimum Experience*

3 years of experience in wholesale energy marketing/planning, quantitative analysis or related utility operations

- Relevant education and experience may substitute for one another on a year-for-year basis

Selection Process & Supplemental Information

A Commitment to Equity & Diversity

At the City of Tacoma, we're on a mission to make our workforce as diverse and inclusive as the community we serve. We actively seek out candidates from a wide range of backgrounds and cultures. Join our team at the City of Tacoma and help us build a more vibrant, inclusive, and equitable community for all.

If you have a less traditional background, we want to hear about your transferrable skills and experience. We value a variety of perspectives and are excited to see what you bring to the table.

Tacoma Power

Tacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma. We serve approximately 180,000 customers as one of the three operating divisions of Tacoma Public Utilities, alongside Tacoma Water and Tacoma Rail. As one of the most livable, walkable cities in the country, you'll find that Tacoma is a great fit for all interests with places to bike, run, hike, and explore, the perks of a big city, and the charm of a small town.

The Community

Tacoma is centrally located just 32 miles south of the city of Seattle and 31 miles north of the state capital, Olympia. The City of Tacoma is also home to the Port of Tacoma, which is among the largest container ports in the United States. Like most cities in the northwest, Tacoma is surrounded by beautiful nature, offering residents many opportunities for outdoor adventures.

Largely suburban in nature with a small, but dense, urban core, Tacoma is home to numerous institutes of higher learning that attract students from across the country. The University of Washington Tacoma, Pacific Lutheran University, University of Puget Sound, a satellite campus of the Evergreen State College, three community/technical colleges, and several trade and business schools are within Tacoma's geographic area. Downtown's Cultural District is the site of the Washington State History Museum, Museum of Glass, the Tacoma Art Museum, and America's Car Museum.

With its affordable housing and distinctive neighborhoods and business districts, the city has been recognized numerous times as a best city to live in the nation. To see a few of the great things Tacoma has to offer, view this YouTube Video!

View this exciting video to learn more about the City of Tacoma:

https://www.youtube.com/watch?v=2n5MWl8KFvI

Apply

All interested individuals must apply online and attach a resume and cover letter that includes major responsibilities and accomplishments related to the position.

Appointment is subject to references and passing a background check.

Compensation & Benefits

Pay Details:

Annual Salary: $141,107.20 - $198,660.80

Employee Benefits | City of Tacoma

Get Assistance

For assistance with the application process or questions regarding this job announcement please contact the Human Resources office at (253) 591-5400 by 4:00 p.m. of the closing date of the job announcement.

For technical difficulties using the Neogov system, call the applicant support line at 1-855-524-5627 between 6:00 a.m. and 5:00 p.m. Pacific Standard Time. This will allow us to assist you before the job announcement closes.

Communication with the City of Tacoma

We primarily communicate via email during the application process. Emails from Tacoma.gov and/or governmentjobs.com should be placed on your safe domain list to ensure that you receive notifications in a timely manner. As a precaution, you may also want to check your junk email folders.