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Head of Energy Market Strategy
2 months ago
The Head of Energy Market Strategy will oversee and analyze the portfolio's engagement in electricity markets. The ideal candidate should have extensive knowledge of energy markets and regulations, along with the capability to foster and sustain relationships with Power Purchase Agreement (PPA) partners. Exceptional analytical abilities and a strong command of data analysis are critical for success in this role. This position also acts as a Subject Matter Expert for various teams including Investments (Structured Finance) and Development.
KEY RESPONSIBILITIES:
- Enhance asset profitability by securing PPAs and managing trading strategies for uncontracted assets.
- Lead the development of contracting and energy bidding strategies to achieve or surpass revenue targets; spearhead negotiations for Power Purchase Agreements.
- Assess and refine CAISO day-ahead, real-time, and ancillary market bidding strategies to optimize merchant revenues and mitigate risks.
- Negotiate and finalize long-term structured power purchase agreements and other revenue-generating contracts.
- Build and maintain relationships with power off-takers, identify RFP opportunities, and manage responses for new energy project initiatives.
- Collaborate with the Investments team to incorporate offtake structures into financial models.
- Own and update power price forecasts, staying informed on utility Integrated Resource Plans (IRPs), state Renewable Portfolio Standards (RPS), and other regulatory developments; present insights to stakeholders.
- Coordinate with Development, Investments, and other departments to analyze power prices and commercialize projects effectively.
- Evaluate the financial implications of energy production in collaboration with Asset Operations and Performance Engineering.
- Communicate clearly with both internal and external stakeholders; provide reports on operational activities to relevant parties.
- Support Asset Operations to ensure adherence to project agreements; recommend risk management strategies and execute trades in accordance with risk policies.
- Work alongside investment, accounting, and legal teams to prepare and submit financial reports; develop and manage 12x24 production schedules.
EDUCATION AND EXPERIENCE REQUIREMENTS:
- Bachelor's Degree.
- Minimum of 5 years' experience in origination, power marketing, renewable energy consulting, or a related field.
- Strong preference for experience with CAISO.
- Familiarity with merchant energy projects and Solar + Storage production and dispatch strategies.
- Required knowledge of Day Ahead scheduling.