Power Marketing Manager

Utah Municipal Power Agency

POSITION DESCRIPTION

 

POSITION TITLE:        POWER MARKETING MANAGER

• REVISION DATE:                    8/16/2023
• EMPLOYMENT STATUS:        Full-time
• FLSA STATUS:                        Exempt
• STARTING SALARY RANGE:  DOE    

 

 

REPORTING RELATIONSHIPS

• DIVISION:                               Operations
• POSITION REPORTS TO:        VP – Energy Operations
• POSITION SUPERVISED:        Schedulers (5)

 

 

POSITION PURPOSE:

The Power Marketing Manager for UMPA is a highly skilled leadership position responsible for managing the real-time operations of UMPA’s entire power resource portfolio and environmental attribute portfolio to meet native electric loads and directs the buying/selling of energy through structured energy transactions into wholesale energy market for financial benefit to its member cities.

 

PRIMARY RESPONSIBILITIES AND BASIC DUTIES

 

1.     POWER MARKETING

Responsible for the reliable and economic supply of energy for UMPA’s members by aggressively promoting and marketing wholesale capacity, energy, environmental attributes, and other Agency products in the day-ahead and term markets and managing the real-time Schedulers.  The Power Marketing Manager must cultivate customer relationships with electric utilities, municipalities, and co-operatives to facilitate the purchase, sale, and scheduling of bulk power and related commodities on behalf of UMPA in the applicable day-ahead and term markets. Accountable for identifying and achieving P&L targets.

 

2.     MARKET ANALYSIS

The Power Marketing Manager must maintain thorough knowledge of the electric system and bulk power supply to assist in the analysis and interpretation of system problems and possible solutions. This position is responsible for developing, managing, analyzing, and reporting on strategies for bilateral markets and the Energy Imbalance Market, including the forecasting of market pricing for budgetary purposes. The Power Marketing Manager has the responsibility to gather, extract, manipulate, analyze and model data using analytical and statistical modeling tools and to ensure data is presented accurately.

 

3.     CONTRACT ORIGINATION

The Power Marketing Manager will develop, manage and lead UMPA’s relationship with counterparties through the origination and negotiation of Master Agreements (EEI, NAESB, ISDA) and confirmations to support UMPA’s energy, natural gas, transmission, and other trading functions, including transactions related to the purchase and sale of environmental attributes.

 

4.     REAL-TIME MANAGEMENT

Responsible for training, motivating, and evaluating real-time Schedulers to ensure the performance and fulfillment of operational responsibilities. In addition, the Power Marketing Manager will be responsible for the development and implementation of plans and programs to achieve the strategic operational objectives of the Agency.

 

 

QUALIFICATIONS

 

EDUCATION:

1. Minimum of bachelor’s degree in Business, Economics, Finance, or Engineering, or an equivalent combination of education, training, and/or experience.

 

EXPERIENCE:

1. Minimum of 5 years in energy and/or power marketing experience, including functions related to contract origination, contract negotiation, contract management, and/or project management, with a preference for experience with the CAISO/EIM markets.
2. Experience with energy, capacity, and/or Master Agreements (WSPP, EEI, NAESB, ISDA).

KNOWLEDGE/SKILLS/ABILITIES:

1. Extensive knowledge in bulk power system operation, generation, transmission, and economic analysis. 
2. Knowledgeable in the operation of markets and the market instruments used to manage and mitigate operational and price risk.
3. Knowledgeable in generating station operation, transmission system operation, accounting, and finance practices.
4. Excellent verbal and written communication skills.
5. Exhibit strong problem solving and analytical abilities.
6. Detail-oriented and self-motivated with the ability to think independently and creatively.
7. Proficiency with database applications, spreadsheets, and web-based systems.
8. Strong sales, networking, leadership, negotiation and time management skills.

 

TOOLS/EQUIPMENT:

1. PC, Microsoft Office 365 Suite
2. Web-Based Systems (PCI, ICE)
3. Presentation A/V equipment
4. Valid Driver’s license

 

WORKING ENVIRONMENT

1. General office environment
2. <10% Travel

Utah Municipal Power Agency