Energy Sourcing and Trading Specialist
5 days ago
A. General Description of the Job
Facilitates energy trading in the energy market ensuring cost-efficiency by minimizing risk and optimizing the balance between Bilateral contracts and spot energy exposure to ensure the least generation rate for the consumers.
B. List of Requirements
- Forecasts the energy demand in the franchise area; ensuring that the demand projection is close to actual energy purchased.
- Monitor and analyze overall market conditions, involving supply-demand situation, weather updates, fuel indices and all factors that can influence the electricity price; formulate findings and make recommendations if needed.
- Formulate monthy/daily demand and price forecasting as a tool in the proper allocation of capacities into bilateral contracts vis-a-vis spot exposure, ensuring optimal solution to deliver the least-cost electric service to the consumers in the franchise area.
- Validate the final settlement data and analyze the monthly result vis-a-vis the daily trading strategies performed.
- Aid the team in relation to retail market switching, competitive selection process, and all other regulatory activities.
- Prepare and submit demand nomination to all power suppliers and NGCP.
- Assist the head and other departments in providing the needed market data and report.
C. Skills and Qualifications
- A graduate of Electrical Engineering with strong quantitative focus.
- Must be a Registered Electrical Engineer.
- Preferably with at least 1 year of working experience in the energy industry.
- Strong analytical, numerical and problem-solving skills.
- Good written and oral communication skills.
- Excellent organization skills with the ability to prioritize and manage several different tasks at once.
- Proficient in analytical tools such as Excel, Matlab and Python programming, Power BI.
- Familiarity with the Philippine Power Industry, EPIRA, DSOAR, RCOA, WESM rules and manuals.
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