Real-Time Energy Trader

Position Description

Tacoma Power is seeking a Real-Time Energy Trader (RTET). Tacoma RTETs optimize our resource portfolio by scheduling Tacoma's generation and power supply contracts, along with energy purchases and sales to ensure that the power supply obligations to Tacoma's customers are met in the most economical and cost efficient manner. The RTET seeks out real-time market opportunities and creates innovative transactions that maximize the economic benefits from hourly market fluctuations. Tacoma’s RTETs work collaboratively with the System Power Dispatchers in the operation of Tacoma's generating resources to ensure smooth transitions with load resource balancing, Western grid interconnection and Western Energy Imbalance Market operation.

Responsibilities include:

• Evaluate system surplus or deficit situations and implement transactions in real-time to maintain load/ generation/ interchange balance.
• Perform market surveys to determine active participants, trends and opportunities.
• Actively market, negotiate and execute physical trades of power and ancillary products - including price, quantity, product, transmission paths - in the hourly and sub-hourly markets in conformance with Tacoma Power’s trading guidelines and Energy Risk Management policies.
• Perform economic analysis to determine the optimum real-time scheduling of Tacoma's owned and contracted generation resources in conjunction with Tacoma’s power supply portfolio to maximize the value of our resource portfolio.
• Work with System Power Dispatchers in efficiently scheduling Tacoma’s generating resources within all appropriate constraints, including economic, hydrological, fisheries, reserves, and regulatory requirements.
• Schedule and document power sales and purchases and/or ancillary products with marketplace participants.
• Acquire necessary transmission reservations from transmission path operators or owners using the Open Access Same-Time Information System (OASIS), or equivalent.
• Respond, mitigate or resolve various unpredictable situations and issues that occur in the real-time environment including but not limited to:
  • Loss of generation
  • Loss of load
  • Energy Imbalance Market bidding and market participation tests
  • Inter-hour and forward hour schedule cuts
  • Transmission path de-rates
  • E-tag changes or issues
  • NWPP and BPA Self-Supply Reserve events
  • Balancing Authority interchange imbalances
  • Loss of SCADA, ETRM and EIM systems, internet, or power to computers

Collaborate in a team environment to plan the efficient operation of the power supply system. Establish and sustain excellent business relationships with marketplace participants. Perform detailed work with a high degree of accuracy while under pressure and with limited supervision. Take initiative to solve problems. Standard rotating shift (up to 12-hours per work period) covering all 24 hours a day and all days of the year.

Qualifications

Minimum Education*
Bachelor's degree in Business, Economics, Mathematics, Engineering or related field

Minimum Experience*
2 years of experience in wholesale energy marketing/planning, quantitative analysis or related utility operations

*Equivalency: 1 year of experience = 1 year of education

Selection Process & Supplemental Information

This recruitment is being managed by Elise Drennen. If you would like to be notified of similar opportunities or stay connected with things going on at Tacoma Public Utilities and the City of Tacoma, connect with me on LinkedIn!

City of Tacoma Commitment to Diversity and Inclusion
Tacoma's diversity is its greatest asset. Tacoma embraces its multi-cultural and multi-ethnic character. Communities of color and immigrant communities are fundamental to Tacoma's entrepreneurial spirit, workforce, and long-term success. In Tacoma, equity and empowerment are top priorities, meaning that all Tacoma residents must have equitable opportunities to reach their full potential and share in the benefits of community progress. One of our goals is for the City of Tacoma workforce to reflect the community it serves. We actively work to eliminate racial and other disparities and welcome candidates with diverse backgrounds and/or multicultural skill sets and experiences. Our goal is for Tacoma to be an inclusive and equitable place to live, work, and play.

The City of Tacoma is an Equal Opportunity Employer and values diversity in its workplace. Applicants are considered for positions without regard to race, color, religion, sex, national origin, ancestry, age, marital or veteran status, disability, sexual orientation, gender identity, or any other basis prohibited by federal, state, and local laws.

Tacoma Power
Tacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma, Washington. 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.

Apply
Interested individuals should apply online and attach a detailed resume and cover letter that includes job experience, major responsibilities and accomplishments related to this position.

Reference checks will be conducted on final candidates and appointment is subject to passing a background check.

Communication from the City of Tacoma:
We primarily communicate via e-mail during the application process. E-mails from cityoftacoma.org and/or governmentjobs.com must 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 e-mail folders.

For assistance with the NEOGOV application process, questions regarding this job announcement, or if you are experiencing complications while applying, please contact the Human Resources office at 253-591-5400 by 4:00 pm of the closing date of the job announcement. This will allow time to assist you before the job announcement closes. (For technical difficulties using the NeoGov system, call the applicant support line at 1-855-524-5627 between 6:00 AM and 5:00 PM Pacific Time.)

The City of Tacoma provides excellent medical, dental and vision plans for the whole family; paid holidays and paid leave; participation in the Tacoma Employees' Retirement System (alternate plan for Police/Fire); continuing education and advancement opportunities and a growing variety of City-sponsored health and wellness opportunities and incentives.

Medical Coverage: For eligible employees and their families, including domestic partners and dependent children age26 or younger.

Dental Coverage: For eligible employees and their families, including domestic partners and dependent children age26 or younger.

Vision Coverage: For eligible employees and their eligible dependents.

Paid Leave: City employees are entitled to received paid holidays, sick/vacation leave or personal time off (PTO), depending upon union affiliation and appointment type.

Insurance Plans: Employees are covered by a long-term disability plan. Short-term and expanded long-term disability insurance plans are also available to employees. The State Industrial Insurance Act also covers employees.

Deferred Compensation: Income can be set aside on a pretax basis and invested for supplementation of normal retirement income.

Retirement: All employees of the City, except members of the Police and Fire services, Tacoma Rail and certain project employees, are included in the Tacoma Employees' Retirement System. Information on the Tacoma Employees' Retirement System can be found at www.cityoftacoma.org or by calling (253) 502-8200.

Other Employment Information

Direct Deposit: Employees are paid on a bi-weekly schedule by direct deposit.

Salary Increases: Based on satisfactory job performance, the City provides for a regular progression of salary increases for most classifications according to the salary schedule.

Union Affiliation: Many job classifications are covered by union security provisions which require union membership, dues, or payment of equivalent service fees.

Note: The provisions of this job announcement do not constitute an expressed or implied contract. Any provision contained herein may be modified and/or revoked without notice.

Closing Date/Time: 11/19/2024 5:00 PM Pacific

• 

• City of Tacoma

• 253-591-5400

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