Energy Market Specialist

The responsibilities associated with this position include:

Provides support to any or all of the following production planning activities, in the form of data gathering, processing, coordination, and other related tasks as determined by the Team Leader, in

order to achieve maximum possible revenue through optimal production plan

• Preparation of the short-term (7-day) to medium-term (1.5-year) optimal production/generation planning of SNAP power plant assets with consideration of hydrological constraints, operating efficiency, simultaneous operation of power plant assets, ancillary services, generating unit availability/deration and transmission line constraints.
• Develop and maintain an up-to-date energy and ancillary services (AS) optimization model (Water Value) for production planning and support to spot trading. Activities includes;

electricity supply and demand forecasting

plant availability forecasting

ancillary requirement forecasting

price forecasting (if any, developed by the Energy Economics team)

utilization/development of dispatch optimization tool

Inclusion of other factors affecting the optimization

• Coordination with the Trading Team, Commercial Operations and O&M groups to ensure proper execution of the production plan, and with Energy Economics team on the preparation of inputs (on monthly basis) for the price forecast covering up to 1.5 years of planning horizon.
• Coordination with external counterparties (NIA, NGCP, DOE, ERC, etc) to achieve the planned production of the power plants, and ensure compliance to rules and regulations.
• Gather, analyze, sanitize and maintain data, and develop tools and methodology to improve the accuracy of forecasts and optimization.
• Scheduling of SNAP Plants maintenance outages and other activities, and coordination with Plant O&M, NGCP, and other related parties to minimize its financial impact.
• Conducts research, simulations and studies that will support production optimization and revenue maximization.
• Coordination with NIA and NPC through Plant Operations team regarding irrigation and use of water.
• Reviews and continuously improves/updates operations systems, procedures, standards and policies (process automation).

Provides support in achieving maximum revenue from Ancillary Services in the form of data gathering, processing, coordination, and other related tasks. Support activities may include but are not limited to the following;

• Conduct optimization studies to maximize the value from SNAP generation assets and serve as a basis for direct ASPA contracting.
• Monitor incidents of SNAP Plants AS non-compliances and lead the resolution to such non-compliances.
• Perform Ancillary Services billing and settlement reconciliations.
• AS Certification testing.
• Development of business case studies that would deliver value the organization

Be able to perform trader functions that maximize revenue from spot energy and ancillary services trading:

• Formulation, submission, and/or updating of AS and spot market offers with consideration of the market (AS and Spot) rules, ancillary service schedule, operational and market data and other relevant information, and in accordance with the group's strategy.
• Planning and preparation of Ancillary Service nominations for the provision of Ancillary Service in line with the company's contractual obligations and strategy.
• Development and recommendation of bidding and nomination strategies, as well as improvement to existing strategies considering historical market performance and other relevant available information.
• Coordination with plant personnel, System Operators and Market Operators to achieve an efficient and effective trading and plant operations and be able to anticipate behavior of counterparties that may affect such activities.
• Reporting and monitoring of 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.
• Preparation, analysis, and submission of regular reports on results of market trading, statements on revenue, costs and profits, highlighting conditions which could dynamically be improved, either through planning or better instantaneous responses to changes.

Requirements

Skills:

• Basic knowledge and understanding of hydropower plant operations, power industry, WESM, forecasting and optimization methods.
• Computer literate with background in programming, excellent knowledge in MS Excel, good communication skills.
• Strong analytical skills with high comprehension abilities.

Experience:

• Minimum of 1-year experience in the electricity industry, hydropower plant operations, energy trading, market analysis, commercial planning, and/or production analysis.

Education:

• Degree in Engineering, Economics, or Mathematics. With preference for candidates with Electrical Engineering Degree.