Job Information
Austin Energy Energy Marketer - Energy Market Operations in Austin, Texas
Position Information
Posting Title Energy Marketer - Energy Market Operations
Job Requisition Number AE503665
Position Number 108486
Job Type Full-Time
Division Name Power Supply & Market Ops
Minimum Qualifications
Education and/or Equivalent Experience:
Graduation with a Bachelor’s degree from an accredited college or university, plus five (5) years experience in a related field.
Masters Degree from an accredited college or university with major course work in a field related to the job may substitute for experience up to one(1) yr.
PhD. from an accredited college or university with major course work in a field related to the job may substitute for experience up to two (2) yrs.
Licenses or Certifications:
None.
Notes to Applicants
Austin Energy is a customer-driven and community-focused organization whose mission is to safely deliver clean, affordable, reliable electricity and excellent customer service to its diverse customers.
Our utility is a recognized leader in renewable power and energy efficiency that is working toward providing 100% carbon-free generation by 2035. The successful Energy Marketer will directly contribute to our success by providing expertise in a variety of tasks related to the purchase, sale, and scheduling of electrical energy and capacity; the purchase and sale of generation fuels; and the origination of new carbon-free generation.
Our Energy Marketers support critical goals in minimizing and stabilizing power costs through financial risk management and ERCOT scheduling activities. Marketers analyze, design, and implement hedging strategies and manage portfolios of derivative instruments for the optimization of fuel, energy, and transmission costs. Energy Marketers also perform critical ERCOT scheduling functions, and monitor and mitigate transmission congestion on behalf of AE’s customers.
Austin Energy’s Energy Marketers are also responsible for origination for new contracted generation and other exciting new energy technologies, with duties including overall origination, analysis, RFP processes, selection processes, documentation, and ongoing monitoring of contract compliance.
Working with Austin Energy provides a number of health and welfare benefits such as low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, career development opportunities and more. Please click HERE (http://www.austintexas.gov/department/active-employee-benefits) for more information.
Employment Application:
The City of Austin employment application is an official document; incomplete applications will not be considered.
Please be sure to detail on the application all current and previous employment that you wish to be considered as part of your qualifications.
The Employment Record should be complete with job titles, employment dates, job duties, functions, and responsibilities for each position held. Starting salary will be based on overall relevant experience from your application.
Résumés will not be accepted and statements such as “see résumé” will not be accepted. You may use “N/A” for fields that are not applicable.
Please note that Austin Energy may close the job posting at any time after 7 days from the date of the initial advertisement. Once the job posting has closed, applications cannot be changed.
If you are selected as a top candidate:
Verification of your education (which may include high school graduation or GED , undergraduate and/or graduate degrees) will be required. You must provide proof of education from an accredited organization/institution. You must also provide proof of your professional licenses or certifications.
If you are identified as a top candidate and are in the military or a veteran, you will need to provide a copy of your DD-214 prior to confirming a start date.
ERCOT
This position requires the use of an ERCOT Digital Certificate ( EDC ) and therefore will require a Security Review to determine if the candidate meets all the requirements for issuance of the EDC .
Pay Range
Commensurate
Hours
8:00 a.m. to 5:00 p.m – Monday through Friday
May occasionally work evenings, weekends or holiday. Hours may change based on business needs.
Job Close Date 06/06/2024
Type of Posting External
Department Austin Energy
Regular/Temporary Regular
Grant Funded or Pooled Position Not Applicable
Category Professional
Location 4815 Mueller Blvd, Austin TX 78723; Hybrid
Preferred Qualifications
Preferred Experience:
Experience developing market strategies that optimize volumetrically varying assets in power portfolios.
Experience with hedging philosophies that meet the needs of public power entities.
Experience with providing deep and expert analysis for management.
Experience with power origination and power trading.
Experience with portfolio risk management.
Duties, Functions and Responsibilities
Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.
Tracks, forecasts wholesale power, fuel and related financial market conditions, market trends and prices. Perform and market QSE functions and services Monitors ERCOT transmission congestion and determines impacts to AE energy schedules.
Determine, analyzes electric energy usage and fuel consumption projections and maintains optimum fuel inventory levels. Plans and evaluates wholesale power and/or fuel supply and transportation alternatives.
Responsible for all phases of a contract including origination, bid, rfp, specifications, selection process, documentation, monitoring and analyzing contract compliance resolves contract performance conflicts and discrepancies in the areas of wholesale power, fuel, transportation and hedging contracts. Provides accounting support for invoice reconciliation and approval.
Identifies, procures and manages external consulting services. Maintains bid list of power and fuel market participants.
Coordinates with the City’s partners on fuel management and unit dispatching activities for jointly owned facilities. Provides technical expertise and participates in the ERCOT market design and development process.
Designs and implements energy risk hedging strategies using applicable financial instruments. Manages portfolios of derivative financial instruments for hedging fuel, energy and transmission risks. Minimizes wholesale power and fuel costs through financial risk management activities.
Develops and implements marketing plans for excess generation capacity and energy. Develops marketable wholesale energy products and related pricing terms.
Design power purchase and sale enabling agreements. Maximizes profits through off-system sales of excess electrical capacity and energy.
Applies new technology to improve processes and communications.
Defines wholesale power, fuel supply and risk management performance reporting requirements.
Responsibilities- Supervision and/or Leadership Exercised:
May provide leadership, work assignments, evaluation, training, and guidance to others.
Knowledge, Skills and Abilities
Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
Knowledge of City of Austin and Austin Energy contracts processes and procedures.
Knowledge of wholesale fuel and electric markets and evolving industry and regulatory developments, both nationally and in Texas.
Knowledge of Austin Energy’s wholesale fuel and energy requirements.
Knowledge of the impacts of recent deregulation trends in the fuel and energy markets.
Knowledge of systems used to forecast, evaluate and transact business in the wholesale fuel and energy markets.
Knowledge of applicable processes, techniques, and methods.
Knowledge of Federal, State, Local laws, and ordinances governing fuel and energy markets.
Knowledge of supervisory and managerial techniques and principles.
Skill in oral and written communication.
Skill in handling conflict resolution.
Skill in using computers and related software applications.
Skill in data analysis and problem solving.
Ability to work with frequent interruptions and changes in priorities.
Ability to train others.
Ability to quickly recognize and analyze irregular events.
Ability to perform job functions and assignments as part of a project team.
Criminal Background Investigation This position has been approved for a Criminal Background Investigation.
EEO/ADA
The City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.
The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual’s AIDS , AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.
Supplemental Questions
Required fields are indicated with an asterisk (*).
- Graduation with a Bachelor’s degree from an accredited college or university, plus five (5) years experience in a related field. Masters Degree from an accredited college or university with major course work in a field related to the job may substitute for experience up to one(1) yr. PhD. from an accredited college or university with major course work in a field related to the job may substitute for experience up to two (2) yrs. Do you meet these requirements?
Yes
No
- Please describe how you meet the minimum qualifications referenced above. Detail how you meet the educational requirements (if applicable), account for the years of related experience (if applicable), and explain any substitutions of experience for education, or vice-versa (if applicable).
(Open Ended Question)
- This position requires the use of an ERCOT Digital Certificate (EDC) and, therefore, will require a Security Review to determine if the candidate meets all the requirements for issuance of the EDC. Do you consent to a Security Review?
Yes
No
- Please describe your experience developing market strategies that optimize volumetrically varying assets in power portfolios.
(Open Ended Question)
- Please describe your experience with hedging philosophies that meet the needs of public power entities.
(Open Ended Question)
- Please describe your experience with providing deep and expert analysis for management.
(Open Ended Question)
- Please describe your experience with power origination and power trading.
(Open Ended Question)
- Please describe your experience with portfolio risk management.
(Open Ended Question)
- This position requires a criminal background check. By selecting the following, you are acknowledging that you understand if you are selected as a top candidate for this position, you will need a successful CBI to be hired.
Yes
Optional & Required Documents
Required Documents
Optional Documents
Contact City of Austin Employment Services
Office: 512-978-JOBS (5627)
Privacy Notice (https://www.austintexas.gov/page/privacy-policy)