Energy Trading Manager
Madison Gas and Electric · Madison, WI · 1 wk ago
SalesFull-time
Core Responsibilities
- Note: this list is not all-inclusive
- Develop and implement daily and monthly electric strategies for buying load and selling generation in the MISO market.
- Cook up and coordinate daily and monthly market activities for jointly owned power plants and Power Purchase Agreements.
- Keep an eye out for and adjust power and natural gas strategies daily in response to market changes.
- Coordinate daily and monthly natural gas supply for generation with Dispatch Analyst.
- Participate in MISO market activities such as auction revenue rights/financial transmission rights, virtuals, and capacity auctions.
- Maintain in-depth knowledge of the MISO tariff, Public Service Commission rules, and other regulatory requirements affecting energy procurement; ensure compliance with market rules at all times.
- Develop and implement hedging plans under the Risk Management Plan to manage price exposure risks in gas and electric markets.
- Monitor and develop information for the Company's Electric Fuel Budget.
- Continually monitor physical and financial natural gas and power markets to identify purchase and sale opportunities, optimize Company assets, and evaluate supplier credit risks.
- Provide daily and weekend support as part of a 24/7 on-call rotation to monitor gas system load and electric transactions.
- Generate analyses, confirmations, and documentation to ensure complete and accurate support for trading activities.
- Build and maintain relationships with counterparties, including trading partners, joint plant personnel, utilities, and other market participants.
- Participate in state and federal regulatory issues as directed.
- Maintain compliance with Company policies, procedures, fuels procurement processes, risk management programs, and credit policy.
- Serve as backup for colleagues in the department to ensure consistent coverage of critical tasks.
- Maintain familiarity with the Company's tariff and recommend changes to meet Company objectives.
Behavioral Competencies
- Strategic Mindset – Anticipates future trends and creates competitive strategies.
- Manages Complexity – Makes sense of complex, high-quantity, and sometimes contradictory information.
- Plans and Aligns – Plans and prioritizes work to meet commitments aligned with goals.
Skills
- In-depth knowledge of natural gas and power market fundamentals.
- Strong analytical skills and ability to process and interpret large amounts of data quickly and accurately.
- Solid understanding of hedging principles and risk management concepts.
- Ability to handle multiple priorities and adapt to changing circumstances.
- Strong verbal, written, and presentation skills.
- Proficiency in interpreting and analyzing pipeline and power tariffs.
- C competence with relevant software tools (e.g., PCI systems, spreadsheets, word processing).
- Ability to work independently with minimal supervision in areas requiring accuracy and detailed analysis.
Education
- Bachelor's degree in a related field (or equivalent experience).
Experience
- 2–5 years of experience in the power-trading industry.
Work Location
This hybrid role is based at our Madison, WI headquarters. While three days onsite is the minimum, team collaboration and business needs may require additional in-office presence.