Environmental Products Trader

At Portland General Electric, we're dedicated to advancing innovative clean energy solutions that are affordable and accessible to all. As an Environmental Products Trader, you'll play a critical role in transacting and managing Renewable Energy Certificates (RECs) and Carbon Allowances portfolio on behalf of our company. Your expertise will be essential in developing procurement, disposition, and optimization strategies for RECs, as well as their commercial execution to balance our carbon obligations.

Key Responsibilities

REC Management and Strategy: Monitor and manage our dynamic REC portfolio, ensuring accurate reporting and compliance with regional regulations. Collaborate with traders to develop sound REC strategies and execute REC purchases and sales. Work with Origination and Renewable Initiatives teams to ensure renewable generation has necessary certification in WREGIS and state programs.

Emission Markets and Trading: Understand Oregon, California, and Washington emission programs. Develop and implement trading strategies based on projected emission allowance needs to meet regulatory obligations. Execute trades in the emissions market, ensuring compliance with cap-and-trade programs and regulations. Manage relationships with brokers, traders, and other market participants.

State Emission Limit Monitoring: Understand OR DEQ Emission limits and calculations for PGE thermal generation. Work with Emissions teams to analyze and plan forward operations to ensure that PGE is within all DEQ limits.

Regulatory Compliance and Reporting: Ensure that PGE complies with all relevant state, regional, and federal regulations, as well as verification and reporting requirements. Work with internal PGE staff to prepare and submit required reports for verification and with regulatory agencies. Stay updated on potential changes in environmental regulations and assess their impact on PGE's wholesale operations.

Preschedule Planning, Transacting, and Scheduling: Conduct Day-Ahead scheduling experience or develop and demonstrate an in-depth understanding of Day-Ahead trading, transmission utilization, and scheduling practices.

Marketing Analysis and Strategies: Serve as Power Operations' central point of contact regarding REC and Emissions trading. Conduct analysis of market trends, pricing, and risk assessment associated with REC and emissions trading. Provide insights and recommendations to senior management on trading strategies and market opportunities. Research and stay updated on policy, rule changes, and regulations within WECC and their impact on PGE's wholesale operations.

Internal Guidance and Coordination: Assist in training Operations staff in environmental products trading and delivery. Provide technical oversight and coordination of trader activities to ensure alignment. Ensure cross-functional alignment for implementation of programs. Cooperate with Term, Prescheduling, and Risk Management to ensure compliance with policies and practices. Provide operational guidance concerning state and federal regulatory impacts to Power Operations and help coordinate compliance with applicable Federal Energy Regulatory Commission (FERC) orders, North American Electric Reliability Corporation (NERC), Western Electricity Coordinating Council (WECC) and other applicable reliability standards and transmission tariffs and business practices.

Accounting and Reporting: Account for all details of REC and Emission transactions; ensure that all verification, regulatory reporting, and emission limits are in compliance along with necessary documentation. External Relations Represent PGE in industry-related regional and national organizations and forums, including technical committees and workgroups.

Education/Experience/Certifications:

Education: Requires a bachelor's degree in finance, economics, engineering, math, science, marketing, or other related field or equivalent experience.

Experience: Typically eight or more years in energy trading, derivatives, marketing, or bulk electronic and gas system management or related field.

Competencies (Knowledge, Skills, Abilities):

Functional Competencies:

Advanced knowledge of electrical and natural gas grid's supply and demand components.

Advanced ability to function with an entrepreneurial and competitive perspective to assist PGE in actively trading in commodities and executing power transactions.

Advanced skills in analyzing energy market conditions or trends.

Advanced knowledge of California Independent System Operator (CAISO) bidding and strategy as it pertains to Day-Ahead.

Advanced knowledge of the operational capabilities of hydroelectric, coal, and natural gas plants. Advanced knowledge of WECC trading and scheduling practices.

Advanced knowledge of physical/financial gas trading fundamentals and dynamics.

Advanced knowledge of PGE organization, business objectives, and marketing capabilities. Advanced knowledge of electric utility operations, PGE accounting, and economics.

Advanced knowledge of PGE business practices.

Advanced ability to develop and present proposals and information to a diverse group of customers and clients.

Advanced ability to manage trading book and earn a profit.

Advanced spreadsheet and database computer skills.

Working knowledge of WSPP, International Swaps and Derivatives Association (ISDA), Gas Industry Standards Board (GISB), and North American Energy Standards Board (NAESB) agreements.

General Competencies:

Advanced analytical thinking skills.

Advanced decision-making skills.

Advanced problem-solving skills.

Advanced interpersonal skills.

Advanced written and oral communication skills.

Physical and Cognitive Demands:

Cognitive Level: Substantial: Consistent use of logic or scientific thinking to define problems, collect information, establish facts, and draw valid conclusions (for example, engineer, HR director, plant manager, etc.).

Cognitive:

Ability to adhere to set response times, deadlines, and time-sensitive tasks

Ability to follow accuracy standards

Ability to follow through on decision-making tasks

Ability to interact effectively and collaboratively within a team environment

Ability to communicate and problem solve when under stress

Ability to respond and adapt to frequent change

Ability to accept and demonstrate self-awareness when provided constructive feedback

Ability to discern feedback and acknowledge ownership of areas of improvement

Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks

Ability to successfully collaborate with peers, managers, and others within the organization Demonstrates sound memory

Ability to process new information to be applied consistently to work tasks

Schedule/Attendance:

Ability to adhere to pre-established schedule, including start/stop time and break/lunch schedule Ability to work long hours

Ability to work a variable schedule

Ability to report to work and perform work during periods of severe inclement weather

Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance to work shift schedule

Ability to work on-call schedule

Physical Capabilities:

• Driving/travel/commute: In office at least 3 days per week
• Computer use (use computer regularly for entire work shift)

• Office