At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.Job Description SummaryThe Environmental Products Trader will be responsible for transacting and managing Renewable Energy Certificates (REC)s and Carbon Allowances portfolio on behalf of PGE. Responsible for developing procurement, disposition, optimization strategies of Renewable Energy Credits, as well as their commercial execution for balancing PGE's carbon obligations. As a vertically integrated utility serving load in Oregon and being an active participant in the wholesale market in the WECC, PGE has obligations to meet Oregon Regional Portfolio Standard and hard carbon targets, as well as any Washington and California related carbon obligations related to our wholesale activities to optimize PGE's portfolio of assets for the benefit of our retail customers.Job FunctionThe role includes ensuring that PGE complies with all regional regulations, optimizing trading strategies, and meeting renewable energy targets while reducing carbon emissions. Day-Ahead & Term Trading conduct purchase and sales transactions to increase margin and minimize customer costs. An in depth understanding of the impacts of environmental products around hedging and trading activities is essential. Responsible for interacting with the market participants to develop, negotiate and execute opportunistic transactions that create value for the company. The Environmental Products Trader is responsible for analyzing and reacting to current competitive market conditions and ensuring that all transactions are accurately recorded and reported. Responsible for analyzing and evaluating complex energy transactions to ensure that all relevant aspects, including energy price, transmission, counterparty, and contractual terms, are favorable to and consistent with PGE Risk Policies and Procedures.Key ResponsibilitiesREC Management and Strategy: Monitor and manage PGE’s dynamic REC portfolio including strategy planning, transacting, and ensuring accurate reporting. Ensure that RECs are properly registered, retired, and received. Work with Traders to develop sound REC strategies, and execute REC purchases and sales. Collaborate with Origination and Renewable Initiatives teams on renewable energy transactions and generation procurement to ensure that renewable generation has necessary certification in WREGIS and state programs.Emission Markets and Trading: Understand Oregon, California, and Washington emission programs. Develop and implement trading strategies based on projected emission allowance needs to meet regulatory obligations. Monitor emissions markets, track regulatory changes, develop forward strategies that meet target obligations and adjust strategies accordingly. Execute trades in the emissions market, ensuring that PGE complies with cap-and-trade programs and regulations. Manage relationships with brokers, traders, and other market participants.State Emission Limit Monitoring: Understand OR DEQ Emission limits and calculations for PGE thermal generation. Work with Emissions teams to analyze and plan forward operations to ensure that PGE is within all DEQ limits.Regulatory Compliance and Reporting: Ensure that PGE complies with all relevant state, regional and federal regulations as well as verification and reporting requirements. Work with internal PGE staff to prepare and submit required reports for verification and with regulatory agencies. Stay updated on potential changes in environmental regulations and assess their impact on PGE ‘s wholesale operations.Preschedule Planning, Transacting and Scheduling Day-ahead scheduling experience is preferred or develop and demonstrate an in depth understanding of Day-ahead trading, transmission utilization and scheduling practices.Marketing Analysis and Strategies: Serves as Power Operations central point of contact regarding REC and Emissions trading. Conduct analysis of market trends, pricing, and risk assessment associated with REC and emissions trading. Provide insights and recommendations to senior management on trading strategies and market opportunities. Research and stay updated on policy, rule changes, and regulations within WECC and their impact on PGE’s wholesale operations.Internal Guidance and Coordination: Assists in training Operations staff in environmental products trading and delivery. Provides technical oversight and coordination of trader activities to ensure alignment. Ensures cross-functional alignment for implementation of programs. Cooperates with Term, Prescheduling and Risk Management to ensure compliance with policies and practices. Provides operational guidance concerning state and federal regulatory impacts to Power Operations and helps coordinate compliance with applicable Federal Energy Regulatory Commission (FERC) orders, North American Electric Reliability Corporation (NERC), Western Electricity Coordinating Council (WECC) and other applicable reliability standards and transmission tariffs and business practices. Assists in the development of environmental product policies and procedures. Monitors industry and market trends and developments and updates management on relevant changes. Assists in development of testimony and response to data requests to support rate case requirements and outside stakeholder data requests.Accounting and Reporting: Accounts for all details of REC and Emission transactions; ensures that all verification, regulatory reporting and emission limits in compliance along with necessary documentation. External Relations Represents PGE in industry-related regional and national organizations and forums, including technical committees and workgroups.Education/Experience/CertificationsEducation Requires a bachelor’s degree in finance, economics, engineering, math, science, marketing or other related field or equivalent experience.Experience Typically eight or more years in energy trading, derivatives, marketing or bulk electronic and gas system management or related field.Competencies (Knowledge, Skills, Abilities)Functional CompetenciesAdvanced knowledge of electrical and natural gas grid’s supply and demand components.Advanced ability to function with an entrepreneurial and competitive perspective to assist PGE in actively trading in commodities and executing power transactions.Advanced skills in analyzing energy market conditions or trends.Advanced knowledge of California Independent System Operator (CAISO) bidding and strategy as it pertains to Day-Ahead.Advanced knowledge of the operational capabilities of hydroelectric, coal and natural gas plants. Advanced knowledge of WECC trading and scheduling practices.Advanced knowledge of physical/financial gas trading fundamentals and dynamics.Advanced knowledge of PGE organization, business objectives and marketing capabilities. Advanced knowledge of electric utility operations, PGE accounting and economics.Advanced knowledge of PGE business practices.Advanced ability to develop and present proposals and information to a diverse group of customers and clients.Advanced ability to manage trading book and earn a profit.Advanced spreadsheet and database computer skills.Working knowledge of WSPP, International Swaps and Derivatives Association (ISDA), Gas Industry Standards Board (GISB) and North American Energy Standards Board (NAESB) agreements.General CompetenciesAdvanced analytical thinking skills.Advanced decision-making skills.Advanced problem-solving skills.Advanced interpersonal skills.Advanced written and oral communication skills.Physical and Cognitive DemandsCognitive Level Substantial: Consistent use of logic or scientific thinking to define problems, collect information, establish facts and draw valid conclusions (for example, engineer, HR director, plant manager, etc.).CognitiveAbility to adhere to set response times, deadlines and time-sensitive tasksAbility to follow accuracy standardsAbility to follow through on decision-making tasksAbility to interact effectively and collaboratively within a team environmentAbility to communicate and problem solve when under stressAbility to respond and adapt to frequent changeAbility to accept and demonstrate self-awareness when provided constructive feedbackAbility to discern feedback and acknowledge ownership of areas of improvementAbility to avoid future mistakes by applying reasonable skills to new but similar work situations or tasksAbility to successfully collaborate with peers, managers and others within the organization Demonstrates sound memoryAbility to process new information to be applied consistently to work tasksSchedule/AttendanceAbility to adhere to pre-established schedule, including start/stop time and break/lunch schedule Ability to work long hoursAbility to work a variable scheduleAbility to report to work and perform work during periods of severe inclement weatherAbility to consistently meet attendance standards for regular, reliable, predictable, full-time attendance to work shift scheduleAbility to work on-call schedulePhysical Capabilities
Driving/travel/commute: In office at least 3 days per week
Computer use (use computer regularly for entire work shift)
Environment
Office
Compensation Range:$105,975.00 - $208,875.00Actual total compensation, including a performance based incentive bonus, is commensurate with experience, skills, qualifications, education, training, and internal equity. While we anticipate the selected candidate for this position will fall towards the middle or entry point of the compensation range, the decision will be made on a case-by-case basis.PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click here (https://portlandgeneral.com/hrcs5511) .Join us today and power your potential!Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law.PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting talentacquisition@pgn.com or by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at dei@pgn.com .To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.At Portland General Electric, we’re innovators, builders, and achievers. We’re committed to powering our customers’ potential and making a difference for our community and the planet. Today, that commitment includes developing an intelligent and resilient electric grid, electrifying transportation and de-carbonizing the energy sector.We’re proud to deliver an exceptional experience to help our customers thrive. Our mission is to make clean, reliable and affordable energy services available to all. We obsess over serving customers and are committed to growing employee career paths with purpose. Equity and inclusion are core business values; we celebrate our differences and are committed to developing teams that reflect the communities we serve.
