Position Profile. Energy Trading Manager

Transcription

1 Position: Location: Reporting to: Energy Trader Wellington Energy Trading Manager Band: 4 Date: March 2011 This position profile affirms the purpose of your role, confirms your key accountabilities and authorities and outlines the relationships you need to foster. 1 Role purpose The purpose of this role is to provide a continuous and compliant trading function operating in the New Zealand Electricity Market with a core focus on maximising revenue within approved risk limits. To achieve this purpose you will work a combination of shift, day and relief work and contribute to training new traders when required. 2 Role value Meridian Energy earns a large component of its revenue from selling its hydro and wind generation into the New Zealand Electricity Market. This market operates in half hourly segments, continuously 24 hours a day, 365 days per year. The Energy Traders are responsible for providing the real time trading function. The Energy Traders maximise net energy revenue, whilst optimising the best use of resources in accordance with trading policy, strategy, plans and tactics. The team also provides key inputs into other parts of the Markets & Production Business Unit and Meridian Energy. 3 Role accountabilities You are accountable for your own output and for contributing to the output of the Business Unit. You will attend to all dimensions of your role the technical and people dimensions. Technical You are expected to: Energy Trading Maximise revenue within approved risk limits by understanding and implementing the agreed trading strategy, plan and tactics and providing feedback where changes are necessary. Energy Trader_MaP_Position Profile_ March2011 Page 1 of 5

2 Take into account a wide variety of inputs when bidding and offering into the market to be consistent where possible with the trading strategy, plan and tactics including, but not limited to, plant availability, hydrology, minimum and maximum generation requirements, competitor activities, tranche size and pricing, price stack volatility, transmission constraints, planned and unplanned outages, ancillary service availability and strategy, wind generation quantities and rule/legislative compliance. Manage transmission constraint risk in real-time by understanding the impact of planned and unplanned outages and implementing the appropriate steps including formulation of offers, load management and stand-by generation. Work closely with the Generation Controllers and Energy Trading and Dispatch Planner to refine the trading strategy, trading tactics and hydraulic operational planning to maximise NER. Monitor current and forecast hydrological conditions including lake levels, river flows, rainfall and spill flows and take the appropriate action in response to this information. Conduct real time market analysis. This includes monitoring competitor generation patterns, transmission flows and capability and plant and transmission outages affecting generation and prices. Record experience and learning s from trading in various knowledge management systems. Continually seek to improve and contribute to policies, strategies, systems, processes and procedures. Roster Relief/Day Work Duties Represent the Energy Traders in interactions with the wider business and participate in meetings as required. Maintaining the data integrity and usefulness of knowledge management systems. Be proactive and investigate/analyse market information as required to support current and future trading strategies. Provide ad hoc analytical support to the team as requested/required. Attend Industry forums and keep up to date on upcoming changes within the industry. Complete testing of the Energy Traders disaster recovery options. Contribute to projects as required by the Energy Trading & Dispatch Planner and Energy Trading and Dispatch Analyst. Provide cover for annual leave, sick leave and training requirements of other Energy Traders. This can mean working irregular shifts and not being able to leave the Wellington region during your period of relief work. Any other reasonable work request made by your manager from time to time. People You are expected to: Develop and maintaining strong positive working relationship with the Generation Controllers and the Energy Trading and Dispatch Planner to ensure business as usual operations maximise NER whilst managing compliance. You are expected to support the Energy Trading and Dispatch Analyst in working closely with the Information & Communications Technology team to facilitate the ongoing maintenance and development of the Energy Trading systems and toolset. Energy Trader_MaP_Position Profile_ March2011 Page 2 of 5

3 Work with the wider Wholesale Markets Team, including the Hydrologist, Work Program Scheduler, Portfolio Team, Financial Trading Team, Product and Market Development Team and Transmission Team to maximise Net Energy Revenue across the board. Respect the well-being of yourself and the immediate team, by being punctual for shift change and providing appropriate notice when you are unable to work. Champion the Meridian Way and purpose 4 Role Relationships You are expected to work productively with all your colleagues while in accordance with the Meridian Way. You are expected to work productively with all your colleagues to achieve optimal results for Meridian s customers and shareholders. This requires you to be aware of the effect of your work on other parts of Meridian and to ensure organisational boundaries do not stand in the way of our work. Where your role fits Position above the manager / supervisor Manager / supervisor THIS POSITION List other positions reporting to the same manager/supervisor POSITION TITLE Wholesale Markets Manager Energy Trading Manager Energy Trader Energy Traders, Energy Trading and Dispatch Analyst, Energy Trading & Dispatch Planner, Generation Controllers, Your key role relationships are: Internal Relationships Who Generation Controllers Energy Trading and Dispatch Planner Energy Trading And Dispatch Analyst Financial Trading Team Portfolio Team Productivity Team Commercial Team Nature of relationship Generation plant operation and hydrology coordination with trading Assistance with development of trading and hydraulic plans and best adherence to issued plans and strategies Business requirements, UAT, data and systems support Hedge pricing, analytical support Understanding of modelling and longer term strategy. Hydrology, outage planning, systems improvements, emergency management. Reporting, reconciliation and data quality. Energy Trader_MaP_Position Profile_ March2011 Page 3 of 5

4 Transmission Team Transmission support, constraint analysis and guidance External Relationships Who NZX, EMS System Operator Electricity Authority Pool Services Customers Nature of relationship Providers of external data Real-time management and communication relating to market events. Compliance, rule change proposals. Customers of Meridian for whom we provide market services. 5 Competencies, Qualifications, Skills, Experience The qualifications, skills and experience required for this position include: A tertiary qualification preferred Advanced computer literacy Excellent numerical and analytical skills An enjoyment of data and system complexity Superior communication skills An ability to work under your own initiative and drive your own learning An ability to make good decisions in tight timeframes An understanding of New Zealand Electricity Market spot market trading is desirable An understanding of electrical theory/transmission system operation would be valuable Competencies are observable behaviours that encompass the knowledge, skills, and characteristics that distinguish levels of performance in the work environment. Below are competencies that have been identified as fundamental for this position. Required Competencies Continuous Learning Actively identifying new areas for learning; regularly seeking and taking advantage of learning opportunities; quickly assimilating and using newly gained knowledge and skill on the job and learning through their application. Achieving Results Driving high standards for individual accomplishment; tenaciously working to meet or exceed challenging goals; deriving Business Innovation Using economic, financial, market, and industry data to understand and improve business results; using one s understanding of major business functions, industry trends, and own organization s position to generate innovative solutions and contribute to effective business strategies and tactics Decision Making Identifying and understanding issues, problems, and opportunities; comparing data from different sources to draw conclusions; using effective approaches Energy Trader_MaP_Position Profile_ March2011 Page 4 of 5

5 satisfaction from goal achievement and continuous improvement Knowledge Sharing Actively shares and contributes own knowledge, skills and expertise to develop the knowledge, skills and expertise of others. for choosing a course of action or developing appropriate solutions; taking action that is consistent with available facts, constraints, and probable consequences. Communication Clearly conveying information and ideas through a variety of media to individuals or groups in a manner that engages the audience and helps them understand and retain the message. Customer Focus Ensuring that the customer perspective is a driving force behind business decisions and activities; crafting and implementing service practices that meet customers and Meridian s needs Emotional Intelligence Establishing and sustaining trusting relationships by accurately perceiving and interpreting one s own and others emotions and behaviour in context with the environment; using these insights to effectively manage one s own responses and reactions. Energy Trader_MaP_Position Profile_ March2011 Page 5 of 5