Energy Trader

The responsibilities associated with this position include but not limited to:

• Lead the formulation of AS and spot market offer prices, then submit and/or update AS and spot market offers in accordance with WESM rules, ancillary service schedule, operational and market data and other relevant information, in accordance with the group's strategy and protocols.
• Lead the planning and preparation of Ancillary Service Nominations for the provision of Ancillary Service in line with the Company's contractual obligations as well as the company's strategy.
• Lead the optimization of company resources in Spot Energy, Ancillary Services provision or combination of both on a daily basis.
• Develop and recommend bidding and nomination strategies, as well as improvement to existing strategies considering historical market performance and other relevant available information.
• Coordinate with plant personnel, System Operators and Market Operators to achieve efficient and effective trading and plant operations and be able to anticipate the behavior of counterparties that may affect such activities. Report and monitor on a regular basis the status of the market including competitor's probable bid behavior and strategy, demand profile, status of the transmission network, and plant outages, and the general outlook in terms of probable pricing outcomes and power supply conditions to be able to respond to changes in the grid and the market so as to maximize opportunities available with such changes.
• Prepare, analyze, and submit regular reports on results of market trading, statements on revenue, costs and profits, highlighting conditions that could dynamically be improved, either through planning or better instantaneous responses to changes.
• Analyze and submit daily, weekly, monthly and annual performance reports to management, including plant and market performance indicators.

Other duties and responsibilities:

• Provides decision support to Team Leaders and The Management.
• Prepare and submit related reports to the Group and to the Management.
• Assist in the settlement and billing process of the Revenue Accounting Section in terms of Ancillary Services payment reconciliation and evaluation.
• Submit compliance reports as required by the Market and assist in the provision of supporting documents for compliance related investigations.
• Develop in-house procedures and tools of analysis to support trading functions.
• Participate in the department's continual improvement efforts to be able to adapt to changing market conditions.
• Be able to perform default trading and/or remote trading operation, as determined by the Head of Trading Section.
• Be able to be assigned and take roles with the Hydrology, Production Planning and Optimization (HPPO) Department, subject to the approval of Team Leaders, for business continuity and organizational development purposes.
• Assist in the implementation of Integrated Management Systems (Quality, Occupational Health and Safety, Environmental, and Asset) and compliance to regulatory requirements.
• Perform other duties as may be assigned by higher authority from time to time.

Requirements:

Skills:

• Computer literate with basic knowledge and understanding of competitive Electricity markets, Power System Operation and Analysis.
• Good communication skills.
• Strong analytical skills, attention to detail and high comprehension abilities.

Experience:

• Minimum of 1-year relevant experience to Energy Trading in the Philippine Wholesale Electricity Spot Market or similar power market; OR at least 2 years relevant experience in the field of market operations, power plant operations, system operations, and regulatory affairs of the power industry.

Education:

• Degree in Engineering, Economics, Mathematics, Applied Science or Business. Graduate studies preferred but not required.