AddressIf you are a current Idaho Power employee, please apply through the** Employee Portal (https://www.myworkday.com/idahopowercompany/d/task/12709$9.htmld) .
Application Deadline:
04/30/2024 at 11:59 pm Mountain Time
# of Positions:
1
Job Type:
Regular
Job End Date:
Exemption Status:
Exempt
Pay Range:
$117,540.80 - $158,288.00
Minimum Age Requirement:
Job Description:
Idaho Power — located in vibrant Boise, Idaho — is looking for a Natural Gas Trader or Senior to join our Power Supply team. It’s an exciting time to work for Idaho Power. We’re working toward our goal of providing 100% clean energy by 2045, and our work plays a critical role in our customers’ lives and in communities we serve across Idaho and Oregon. While this position is based at Idaho Power’s downtown Boise location, we offer both flexible schedules and the opportunity to work up to 40% remote. In addition to the meaningful work we do, we offer work-life balance, competitive pay and benefits, an employee incentive plan, and both a 401k employer-match and a pension plan, making Idaho Power one of the best employers in the state.
What does a Natural Gas Trader do for us?
Under limited supervision, the Natural Gas Trader conducts Natural Gas transactions with wholesale customers and suppliers; enters the spot market, day-ahead, balance-of-month, and term transactions; and makes sales or purchases. This role adjusts to hourly changes in load and resource availability not contemplated in pre-scheduled operations and manages gas fueling supply requirements to optimally meet system and pipeline obligations. The Natural Gas Trader schedules and nominates Natural Gas, manages storage assets, purchases, and sells pipeline transportation. The position also works closely with the power desks to evaluate markets and manage the operation of the bulk power system by optimizing the resource mix, including Idaho Power owned generation, power supply contracts, and regional wholesale purchases to ensure that power supply obligations are met in the most economical and cost-efficient manner.
This position requires the individual to leverage understanding of the Natural Gas sector, including pipelines, markets, storage, generation, and regulations; analyze market data and trends; exhibit strong judgement; and demonstrate effective communication to successfully execute transactions for the Company. The Natural Gas Trader must also collaborate with others to achieve individual and organizational goals; identify and solve problems; and provide support and direction to drive team’s continuous improvement.
REQUIRED SKILLS
Knowledge of:
Trading floor operations
Natural gas and power trading processes in the western U.S.
Natural gas pipeline and storage operations, pipeline nomination, schedules, and deliveries
Power plant operations
Emergency action procedures, organized wholesale markets such as Western Energy Imbalance Market (WEIM), Enhanced Day Ahead Market (EDAM) and Southwest Power Pool (SPP) Markets+ Risk management principles and policies
Energy accounting and energy trading applications
Gas operations
Contracts and credit
FERC, NERC, NAESB, DOE, CER, US Customs and WECC requirements
Federal and State environmental emissions policies in relation to gas generation
Skills in:
Wholesale energy marketing and trading
Transaction negotiation
Load and resource forecasting
Economic analysis
Resource optimization
Microsoft (MS) Office software applications
Effective oral and written communication
Documenting transactions and establishing effective job priorities
Development and improvement of job processes as needed in a rapidly evolving environment
Ability to:
Understand the financial impact of energy trades
Find creative and innovative ways to market and move energy on an hourly/daily basis
Create and sustain a positive, proactive environment
Establish excellent business relationships with other work groups, both inside and outside of Idaho Power
Work collaboratively and participate effectively in a team environment
Communicate effectively
Understand, evaluate, and complete complex Natural Gas and power transactions
Establish effective job priorities
Perform detailed work with a high degree of accuracy
Work without direct supervision and willing to take the initiative to resolve problems
Understand how financial swaps and physical index trading work conjunctively for price hedging
MINIMUM REQUIREMENTS
Natural Gas Trader:
Education:
- Bachelor's degree in Economics, Finance, Business, or Engineering
OR
- Equivalent training and/or experience
Preferred:
- Advanced degree in a business discipline
OR
- An equivalent combination of education, training, and experience that provides the desired knowledge, skills, and abilities
Experience:
- 4 years of experience in Natural Gas or power trading/scheduling environment
OR
2 years of experience in Natural gas or power system operations
An advanced degree may substitute for 1 year of experience, and a NERC certification may substitute for 2 years of experience
Preferred:
- 4 years of experience in power or Natural Gas trading/scheduling with exposure to real time, day ahead, term trading, and NERC certification
Senior Natural Gas Trader:
Education:
- Bachelor's degree in Economics, Finance, Business, or Engineering
OR
- An equivalent training and/or experience
Preferred:
- Advanced degree in a business discipline
OR
- An equivalent combination of education, training, and experience that provides the desired knowledge, skills, and abilities
Experience:
- 6 years of experience in Natural Gas or power trading/scheduling environment
OR
6 years of experience in Natural Gas or power system operations
An advanced degree may substitute for 1 year of experience, and a NERC certification may substitute for 2 years of experience
Preferred:
- 6 years of experience in power or Natural Gas trading/scheduling with exposure to real time, day ahead, term trading, and NERC certification
PHYSICAL REQUIREMENTS
This position requires working at a desk/computer for extended periods of time. It requires the use of office equipment, fine motor skills including typing on the computer, dialing phones, filing paper, and working in close proximity to other people. There may be occasional lifts of no more than 10 lbs. The above is a summary of the primary essential functions of the position. This job may require the performance of additional tasks assigned by company leaders or management. Questions regarding job requirements or accommodation requests should be directed to Human Resources.
ADDITIONAL REQUIREMENTS
This position is required to work Monday through Friday with a minimum 40 hours per week. Rotating on-call work will be required on weekends and evenings. Occasional travel with overnight stays may be required.
Competencies:
Building Partnerships, Communication, Customer Orientation, Decision Making, Initiating Action, Innovation, Planning and Organizing
Need Assistance Completing Your Application?
Please contact our Recruiting Office if you have questions, require assistance or accommodation while applying for employment with Idaho Power Company:Phone: 208-388-2965 orEmail:jobs@idahopower.com
Idaho Power is an Equal Opportunity Employer
We're proud to be an equal opportunity employer . All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), age, sexual orientation, gender identity, genetic information, veteran status, physical or mental disability, marital status, and any other status protected by applicable federal and state laws.
Please note: Idaho Power will not provide sponsorship for obtaining an employment visa, such as an H-1B visa.
