Physical Trader I

Requisition ID:  85419 

 

NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources’ generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client’s needs? Join our world-class team today!

 

Position Specific Description

The trader will develop strategies for real-time and short-term energy markets, optimizing client generation and native load in bilateral and/or RTO markets. This role involves working with the generation and fuels teams to allocate resources and make economic decisions, while securing necessary transmission. Candidates should know the economic and dispatch traits of combined cycle, peaking, nuclear, and pump storage facilities, along with ISO/RTO tariffs. Proficiency with PJM, SPP, and MISO market portals, as well as other industry tools, is required.

 

Position Specific Description

• Support asset optimization targets by making informed decisions based on unit capabilities, market fundamentals, fuel prices, constraints, economic dispatch, ramp issues, and curtailments, while effectively managing fuel burns and other relevant factors.
• Receive and accurately communicate unit status changes from plant sites/control areas to the Day Ahead power and Fuel Desks. It is important to ensure all information gathered is properly logged to facilitate compliance and an effective shift turnover.
• Monitor market conditions, coordinate with control areas to optimize client resources for meeting load obligations and arrange fuel procurement if needed.
• Engage with market participants to develop, negotiate, and execute transactions that will provide value to the portfolios.
• Collaborate with Term Trading and Business Management employees to evaluate specific market conditions that would help develop trading strategies to optimize client resources.
• Identify and maintain knowledge of clients' generation and resource assets.
• Ensure all transactions are profit-driven, based on energy price, transmission, counterparty contracts, and credit limits, while adhering to compliance and risk policies.
• Comply with and support all corporate policies and adhere to all regulatory requirements, including but not limited to NERC, FERC, and relevant state regulations as applicable.
• Mitigate market exposure by closing out open book positions.
• Manage communications between reliability entities, generators, and client operators.
• Analyzes energy and transmission alternatives to proactively transact in new markets.
• Maintain knowledge of tagging requirements and methodologies stated in the tariffs and business practices of the applicable transmission providers and RTO/ISO markets.
• Accurately record all necessary purchase and sale details in log and deal capturing systems
• Interface with and manage requests and projects involving clients and various company departments, including Traders, Business Development, Origination Group, Information Technology, Settlements, Regulatory, Credit, Contracts, and other departments.
• The candidate will be required to work a rotating shift on the trading floor as part of a team to provide 24-hour coverage for the portfolios
• Demonstrates excellent customer management skills and the ability to build business relationships with other counterparties
• Able to effectively utilize excellent written and oral communication s