If you are a current Idaho Power employee, please apply through the** Employee Portal (https://www.myworkday.com/idahopowercompany/d/task/12709$9.htmld) .

Application Deadline:

01/23/2025 at 11:59 pm Mountain Time

# of Positions:

1

Job Type:

Regular

Job End Date:

Exemption Status:

Exempt

Pay Range:

$121,076.80 - $163,030.40 Annually

Minimum Age Requirement:

Job Description:

Idaho Power — located in vibrant Boise, Idaho — is looking for an Energy Trader or Senior to join our Real Time/Day Ahead team. It’s an exciting time to work for Idaho Power. Our work plays a critical role in communities we serve across Idaho and Oregon, and we’re working hard to safely provide our customers with the reliable, affordable, clean energy they depend on. While this position is based at Idaho Power’s downtown Boise location, we offer both flexible schedules and the opportunity to work up to 40% remote.

What does an Energy Trader do for us?

The Energy Trader sells energy and energy products in wholesale markets on an hourly/daily basis with supervision. The role involves outbound marketing, commercial negotiation, deliverability assessment, structuring and negotiation, credit and risk evaluation, transmission purchasing/reserving, transaction/accounting recording, delivery scheduling and generation dispatch coordination, and complying with industry procedures and regulatory requirements. The position requires work in the Real Time (aka Hour Ahead) and Day Ahead markets on a variable rotating shift schedule that covers a 24/7/365 trading desk.

This position requires the incumbent to leverage understanding of the electric power sector, including generation, transmission, utilities, markets, and regulations; analyze energy market data and trends; exhibit strong judgement; and demonstrate effective communication to successfully execute transactions for the company. The Energy Trader must also collaborate with others to achieve individual and organizational goals; identify and solve problems; and provide support and direction to drive team’s continuous improvement.

In addition to the meaningful work we do, we offer work-life balance, competitive pay and benefits, an employee incentive plan, and both a 401k employer-match and a pension plan, making Idaho Power one of the best employers in the state.

A COMPETITIVE CANDIDATE WILL HAVE

Knowledge of:

• Trading floor operations

• Electric and natural gas grid’s supply and demand components and cost calculations/dispatch pricing

• Interconnected transmission operations and delivery points

• Emergency action procedures

• Risk management principles and policies

• Energy accounting and energy trading applications

• Contracts and credit

• WSPP, ISDA, NAESB agreements, OATT, and WECC requirements

• EIM bidding and strategy as it pertains to real-time

• WECC trading and scheduling practices/calendar

• Idaho Power organization, business objectives, and marketing capabilities

• Electric utility operations

• Basic accounting and economics

Skills in:

• Energy market conditions and trends analysis

• Adherence to set responsive times, deadlines, and time-sensitive tasks

• Functioning with an entrepreneurial and competitive perspective to assist Idaho Power in actively trading in commodities and executing power transactions

• Detailed proficiencies of wholesale energy marketing and trading

• Negotiating transactions

• Economic analysis

• Resource optimization

• Microsoft (MS) Office software applications

• Effective oral and written communication

• Documenting transactions and establishing effective job priorities

• Development and improvement of job processes as needed in a rapidly evolving environment

• Competences with spreadsheet and database computer skills

Ability to:

• Understand the financial impact of energy trades

• Find creative and innovative ways to market and move energy on an hourly/daily basis

• Create and sustain a positive, proactive environment

• Establish excellent business relationships with other work groups, both inside and outside Idaho Power

• Work collaboratively and participate effectively in a team environment

• Communicate effectively

• Establish effective job priorities

• Perform detailed work with a high degree of accuracy

• Work without direct supervision and be willing to take the initiative to resolve problems

• Independently function in a fast paced, deadline dependent environment

• Drive performance and initiate action proactively with demonstrated communication and interpersonal skills

• Communicate and problem solve when under stress

• Adhere to pre-established schedule, including start/stop time, work long hours, work a variable schedule, consistently meet attendance standards for regular, reliable, predictable, full-time attendance, and work shift schedules

• Utilize various computer applications to perform job duties

• Manage trading book and earn a profit

MINIMUM REQUIREMENTS

Energy Trader:

Education:

• Bachelor's degree in economics, finance, business, or engineering

OR

• An equivalent combination of training and/or experience

Preferred:

• Advanced degree in a business discipline

OR

• An equivalent combination of education, training, and experience

Experience:

• 4 years of experience in natural gas or power trading/scheduling environment

OR

• 4 years of experience in natural gas or power system operations

• An advanced degree may substitute for 1 year of experience, and a NERC certification may substitute for 2 years of experience

Preferred:

• 4 years of experience in power or natural gas trading/scheduling with exposure to real-time, day ahead, and term trading and NERC certification

Senior Energy Trader:

Education:

• Bachelor's degree in economics, finance, business, or engineering

OR

• An equivalent combination of training and/or experience

Preferred:

• Advanced degree in a business discipline

OR

• An equivalent combination of education, training, and experience

Experience:

• 6 years of experience in natural gas or power trading environment or system operations

• An advanced degree may substitute for 1 year of experience, and a NERC certification may substitute for 2 years of experience

Preferred:

• 6 years of experience in power or natural gas trading with exposure to real-time, day ahead and term trading and NERC certification

PHYSICAL REQUIREMENTS

This position requires working at a desk/computer for extended periods of time. It requires the use of office equipment, fine motor skills including typing on the computer, dialing phones, filing paper, and working in close proximity to other people. There may be occasional lifts of no more than 10 lbs. The above is a summary of the primary essential functions of the position. This job may require the performance of additional tasks assigned by company leaders or management. Questions regarding job requirements or accommodation requests should be directed to Human Resources.

ADDITIONAL REQUIREMENTS

The Energy Trader is generally responsible for the Real Time desk 60% of their schedule, during which time they are required to work a variable 12-hour shift averaging 40 hours per week. The remaining 40% of their schedule is spent on the Day Ahead desk, during which time they are generally required to work 5, 8-hour days averaging 50 hours per week, with a start time of approximately 5:00 a.m. MST. Infrequent travel with overnight stays may be required. Must also maintain regular and punctual attendance and perform other duties as assigned.

ADDITIONAL INFORMATION

The Day Ahead Energy Trader may be required to work an occasional 12-hour shift. Occasional travel with overnight stays may also be required. The Real Time Energy Trader will be required to work 12-hour shifts.

#IPC1

Competencies:

Building Partnerships, Communication, Customer Orientation, Decision Making, Initiating Action, Innovation, Planning and Organizing

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Need Assistance Completing Your Application?

Please contact our Recruiting Office if you have questions, require assistance or accommodation while applying for employment with Idaho Power Company: Phone : 208-388-2965 or Email : jobs@idahopower.com

Idaho Power is an Equal Opportunity Employer

We're proud to be an equal opportunity employer . All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), age, sexual orientation, gender identity, genetic information, veteran status, physical or mental disability, marital status, and any other status protected by applicable federal and state laws.

Please note: Idaho Power will not provide sponsorship for obtaining an employment visa, such as an H-1B visa.

About Us

With 17 hydroelectric power plants along the Snake River and its tributaries, Idaho Power is proud to provide reliable, affordable, clean energy to customers in southern Idaho and eastern Oregon.

Our nearly 2,000 employees serve more than 600,000 customers in a service area spanning an estimated 24,000 square miles. They live, work and play in some of the most beautiful and rugged landscapes in the West.

We’re working toward our goal of providing 100% clean energy by 2045 (https://www.idahopower.com/energy-environment/energy/clean-today-cleaner-tomorrow/) . We hope you’ll join us.

Contact Information

Phone: 208-388-2965

Email: jobs@idahopower.com

Fax: 208-388-6695

Idaho Power Company

Recruiting Office

P.O. Box 70

Boise, ID 83707

Important Information

Your Rights as an Applicant (https://www.idahopower.com/about-us/careers/your-rights-as-an-applicant/)

Careers FAQs

Benefits of Working for Idaho Power (https://docs.idahopower.com/pdfs/Careers/Benefits_Summary.pdf#page=2)

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