ERCOT Congestion Trader Sr (Hybrid)

LCRA; Austin (TX); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary

Medical, dental, vision, and legal insurance

401(k) match up to 8%

Wellness program

Extensive learning & development programs

Job summary

A leading energy provider in Austin, Texas seeks an experienced professional to manage point-to-point trading and congestion analysis in the ERCOT market. The role requires strong problem-solving skills and extensive experience in the ERCOT energy market, along with a Bachelor's degree in electrical engineering. Competitive compensation and comprehensive benefits are offered.

Qualifications

• Nine or more years of experience in ERCOT energy market or relevant experience.
• Experience in ERCOT PTP trading front desk.

Responsibilities

• Participate in the Day-Ahead Market (DAM) to manage congestion risk.
• Provide market insight on transmission congestion.

Skills

ERCOT energy market experience

Problem-solving skills

Market insight

Congestion management

Education

Bachelor's degree in electrical engineering

Relevant degrees may be substituted

Tools

UPLAN

PowerWorld

Job description

At an intermediate level, trades Point to Point products in the ERCOT market and provides congestion analysis and forecast for daily generation fleet operations and congestion management of LCRA fleets in ERCOT Day Ahead Market (DAM)/Real Time (RT) markets. Assists in optimizing LCRA’s portfolio and minimizing overall costs to LCRA’s customers. Requires the ability to solve complex problems and look for creative solutions to assure LCRA delivers low-cost power to its customers. This position utilizes knowledge and market experience in own discipline but is still building higher-level knowledge and skills. Receives a moderate level of guidance and direction from supervisor, manager and/or more experienced colleagues.

You Will Be Trusted To

• Participate in the Day-Ahead Market (DAM) to acquire point-to-point (PTPs) to manage congestion risk for LCRA generation fleet.
• Participate in daily generation fleet operations planning and give market insight of congestion.
• When needed, help with participating congestion revenue rights (CRR) auctions to acquire CRRs in a cost-effective manner.
• Observe transmission congestion and predict potential congestion in real time and day ahead to help maximize the value of the portfolio.
• When needed, join the nodal market modeling team. Assist in running daily, weekly, monthly studies to simulate ERCOT markets to support trading activities in RT, DAM, CRR and forward markets.
• Provide views of Transmission improvement projects that improve basis spread between LCRA’s generation and load.

Qualifications

• Nine or more years of experience in ERCOT energy market or relevant experience.
• A degree(s) in electrical engineering or relevant field may be substituted per LCRA guidelines for certain years of experience.
• Bachelor’s degree in electrical engineering.
• Experience in UPLAN or PowerWorld.
• Experience in ERCOT PTP trading front desk.

Benefits

• Competitive salary & medical, dental, vision and legal insurance.
• Paid time off, including time for vacation, sick and family care leave.
• 401(k) match up to 8% that includes a student loan 401(k) contribution program option.
• Life and disability insurance.
• Wellness program including wellness incentive.
• Extensive learning & development programs.

Equal Opportunity Employer

LCRA provides equal employment opportunities and a work environment free of discrimination and harassment. All employment decisions at LCRA are based on business need, job requirement and individual qualifications, without regard to race, color, religion, gender identity, national origin, age, disability, sexual orientation, genetic information or veteran status in accordance with applicable federal and state legal requirements governing nondiscrimination in employment.

LCRA is committed to working with and providing reasonable accommodations to job applicants with physical or mental disabilities. Applicants with a disability who require a reasonable accommodation for any part of the application or hiring process can contact LCRA Human Resources [phone] or email [e-mail]. Reasonable accommodations will be determined on a case-by-case basis.