PSEG Energy Trader in Newark, New Jersey
Requisition ID: 50263
Job Function/Category: Energy Resources & Trade LLC
Employment Type: Exempt Full Time
This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy
The successful candidate is expected to be (become) an expert in the PJM, ISONE, and NYISO energy markets. This is a multi-level position, with level placement dependent upon the skills and experience of the candidate
Develop short term and longer term strategies that support PSEG Power’s business and development objectives.
Participate in PJM ARR/FTR process for retail/wholesale hedge portfolio.
Regularly interact with senior management to discuss strategies, business implications, and market developments which affect the Power business.
Understand and operate within PSEG ER&T’s policies and procedures, risk management and corporate guidelines.
Monitor weather, load, price behavior, transmission constraints/outages, and generation outages to identify risks to the company position and take appropriate actions to mitigate portfolio risk.
Optimize market bids and congestion hedges and provide basis pricing for PJM, NYISO, ISONE and various other energy markets.
Develop fundamental congestion and bidding/trading strategies by performing power flow analysis, conducting research in market fundamentals, and managing diversified portfolios.
Perform transmission analyses to identify short and long term congestion risks and to assist with hedging activities for PSEG’s Power business.
Conduct power flow analysis using technologies including Dayzer, and PSS/E models.
Analyze large sets of data to quantify trading risk exposures and support decision-making related to congestion forecasts.
Performing quantitative analysis including transmission and congestion analysis to identify risks and opportunities for power market growth.
Managing diversified portfolios of FTR products and hedging customer flow business.
Utilizing and calibrating security constrained production cost models like Dayzer.
Utilize power flow and production cost based simulation applications to develop congestion outlooks.
Participate in monthly, annual, and long term FTR auctions in PJM, NYISO, ISONE and various other energy markets.
Strategically evaluate PJM, NYISO, and ISONE markets for potential growth.
Create databases to evaluate historical market data, path and portfolio selection and risk management criteria.
Required Qualifications, Competencies, Education or Experience : (Associate Energy Trader)
Minimum of 2 years real time generation dispatch / portfolio optimization experience in the power pools that we operate (PJM, NYISO, ISONE).
Required Qualifications, Competencies, Education or Experience : (Energy Trader)
Minimum of 5 years energy industry experience
Minimum of 2 years FTR trading experience
Required Qualifications, Competencies, Education or Experience : (Senior Energy Trader)
Minimum of 7 years energy industry experience
Minimum of 5 years FTR trading experience
Required Qualifications, Competencies, Education or Experience :
Experience trading FTRs in the PJM, NYISO, ISONE MISO or ERCOT markets
Experience in managing the ARR/FTR process for a retail/wholesale hedge portfolio
Direct experience trading financial and physical power in PJM, NYISO, and ISONE.Strong attention to detail, and demonstrated ability to manage projects in a heavily rules based environment.Understanding of electric markets and power portfolio management.
Ability to analyze and execute financial transactions at PJM Western Hub.
Ability to analyze and execute virtual transactions in PJM, NYISO, and ISONE.
Ability to analyze and execute physical power flows in PJM, NYISO, ISONE.
Experience monitoring weather, load, price behavior, transmission constraints/outages, and generation outages to identify risks to the company position and take appropriate actions to mitigate portfolio risk.Excellent communication and interpersonal skills, team player.Superior analytical and problem-solving skills, results oriented, creative and innovative.
Candidate must foster an inclusive work environment and respect all aspects of diversity.
Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices.
Desired Qualifications, Competencies, Education or Experience:
- Master’s Degree
As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
This site ( http://www.pseg.com ) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.
Business needs may cause PSEG to cancel or delay filling position at any time during the selection process
Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
Need to request an accommodation?
If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved hiring decision
Diversity at PSEG: Equal Opportunity Employer
PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.
Need to request an accommodation?
If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.