Trader, Energy Trading

About us

National Grid is hiring a Trader for our Energy Trading department in Hickville, NY.

Everyday we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.

To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business

Job Purpose

National Grid is looking for an Electric Trader for New England who will perform renewables and electric trading and portfolio analysis in order to meet the service needs of the customer and financial and business objectives of National Grid. In this role you will contribute to the planning, contracting and procurement process for supply of electricity, environmental attributes, and emission allowances for several National Grid's electric companies. You will ensure supply meets the Company's goal of providing reliable and cost effective service while obtaining full cost recovery on a current basis.

Key Accountabilities

• Manage existing power purchase agreements (PPAs) with large renewable projects including offshore wind.
• Maintain the relationship with the counterparties, including interpretation and application of established contractual agreements to ensure adherence to standards and best outcomes for National Grid. Manage the delivery of energy and lead discussions regarding settlement resolutions.
• Implement and manage PPAs with small generators (Qualifying Facilities or QFs) that sell generation to National Grid.
• Manage the transition of QFs to the Solar Massachusetts Renewable Target (SMART) Program. This includes transferring Renewable Energy Certificates (RECs) to QFs and forecasting future REC deliveries from the SMART portfolio.
• Assist in the development of hedging and procurement strategies for emissions allowances to comply with the Regional Greenhouse Gas Initiative on behalf of National Grid's Long Island generation fleet.
• Support regulatory filings related to electric and renewable trading to ensure full cost recovery.
• Work collaboratively and develop relationships with key stakeholders, both internal and external (for example : state agencies, settlement and meter teams) in order to fully explain and support the implementation of National Grid policies and processes.
• Independently collate and analyze electric supply portfolio data using pre-determined tools, methods and formats in order to support the department's planning and volatility management process.
• Monitor and / or assess working practices to ensure they are compliant with legislation and governance.
• Ensure all energy planning and procurement activities comply with corporate and industry standards for risk management.
• Test and challenge existing scheduling and trading procedures and highlight areas for improvement in order to ensure they are robust.

Qualifications

More Information

National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.

Salary

$116,000 - $137,000 a year

National Grid utilizes an assessment that evaluates the job qualifications / characteristics using AI or statistically based scoring. For more information, please view NYC Local Law 144.

This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Internal candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.