Power Trader

Power Trader

This position will be located at the Energy Center in Birmingham, AL

Summary of Position Duties

The Power Trading team of the Commercial Optimization, Trading & Transmission organization within Southern Power Company interfaces with the power markets to optimize the value of gas and renewable assets, to hedge risks inherent with purchase power agreement contract structures, and to provide net income through trading activity. This position is accountable for developing, analyzing and executing market strategies in the wholesale energy markets, both bilateral and organized RTO/ISO markets. These strategies may include marketing excess capacity and energy from uncovered assets, optimizing market value through day ahead and real time offers, hedging price basis risk using various market instruments and creating margin opportunities through financial power trading. Transactions are pursued in the short-term market (next-day up to two years). The position must perform these activities within all applicable policies, procedures, laws and regulations while collaborating closely with other groups (e.g. Structuring & Analysis, Fleet Operations, Fuels and Risk Control). This position also interfaces with external customers/counterparties.

Job Experience and Education+ BS in Engineering, Finance, Economics, Math or related field required or ten years related experience in energy trading and scheduling

• MBA or MS in Engineering, Finance, Economics or related field desired

• 3+ years energy trading experience strongly desired, experience in multiple areas preferred:

• Power trading and scheduling

• Fuel procurement

• Financial power trading

• Market analysis or structuring

• System planning

• Finance/risk management

• Power trading experience in some/all of SOCO, ERCOT, MISO, PJM and SPP desired

Knowledge, Skills & Abilities

The following knowledge, skills and abilities are desired:

Knowledge of:

• Contract structures for energy and capacity
• Economic dispatch and unit commitment; electric system interconnected operations
• Physical and financial power products
• Natural gas markets and products
• Transmission and ancillary services procurement
• Pertinent federal and state regulatory requirements
• Power market fundamentals (SOCO, ERCOT, MISO, PJM, SPP)
• Derivative products and pricing concepts (including options)
• Energy trading concepts and hedging strategies
• Middle (risk control) and back office (accounting) processes

Skills:

• Strong analytical and critical thinking skills
• Effective oral and written communication skills
• Excellent negotiation and customer relationship skills
• Strong computer skills with Excel and working knowledge of standard office applications

Ability to:

• Develop, communicate and execute trading strategies
• Use quantitative methods to analyze opportunities and make decisions with incomplete information under short time constraints
• Identify and execute transactions to take advantage of market opportunities
• Multitask in critical situations
• Learn quickly and retain knowledge

Behavioral Attributes

• Perform effectively in a high-paced environment
• Ability to establish and maintain business relationships
• Work as an effective team member during stressful situations
• Possess a proactive, creative nature to identify and pursue business opportunities
• Ability to receive daily critique of outcomes of business decisions
• Self-motivated
• Demonstrate Our Values: Safety First, Intentional Inclusion, Act with Integrity, Superior Performance

Work Schedule & Travel Requirements

• Extended work hours may be required at times of peak workload to support the team
• Weekend availability as needed
• Some travel is required (up to 25%) as this position interfaces with external customers/counterparties and market participants

Southern Power , a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own 55 facilities operating or under construction in 14 states with more than 12,500 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, West Virginia, and Washington.

Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers' and communities' needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 6266

Job Category: Engineering

Job Schedule: Full time

Company: Southern Power