Commercial Manager - ERCOT Power Generation Trading

Commercial Manager - ERCOT Power Generation Trading

About WattBridge

The global energy landscape is rapidly changing, and we're here to accelerate that change. From the decommissioning of high-carbon power assets, accelerated expansion of renewable energy resources as baseload power, to the advent of the prosumer. The volatility on today's energy grid has never been greater. WattBridge was conceived by power industry experts to enable the sustained integration of highly efficient, reduced carbon dispatchable power generation assets on our national energy grid. WattBridge owns and operates the largest portfolio of fast start LM6000 dispatchable technology in the world with 2400 MW's operating in ERCOT.

Our Footprint

We are primed for the Energy Transition with permanent service locations in Missouri, Texas, and Argentina. Our world-class Missouri headquarters is purpose-built to meet peaking-power needs. It sits on 90 acres in Sedalia and features more than 900,000 sq. ft of facilities and equipment, including the only independent Level-IV aeroderivative depot in North America and a hydrogen-ready string-test facility that enables full-speed, full-load testing. Our Houston, Texas, office is a strategic satellite positioned near our own peaking-power installations.

Our Philosophy

We take care of our people and strive to make a positive difference for the world. We offer competitive pay, excellent benefits that include Medical, Dental, Vision, and Life/Disability Insurance at minimal cost to the employee, 10 paid holidays, paid time off and a 401K plan. If you are looking for a rewarding career and possess the specialized knowledge and quality-oriented problem-solving skills, we encourage you to apply today.

Position Summary

The Commercial Manager is responsible for managing and optimizing power plant assets and will have a focus on completing daily settlements, day ahead and real time P&L formulation. This role involves active participation and is responsible for daily portfolio set up in the day ahead and in supporting portfolio monetization in real time operations. The successful candidate will support the company's interest at the project level to assure maximum profitability and return on investment including participation in the asset schedule and budget processes.

Position Responsibilities

• Provide daily P&L and Portfolio position report; roll up to Monthly P&L.
• Confirm settlement invoices with commercial counterparties (power, gas, gas transport, etc.).
• Produce monthly AMA report
• Produce monthly support of Plant operations and regulatory reporting (e.g., EIG 923).
• Coordinate with EMA manager on daily bidding strategy, hedging (daily and term), fuel, optimization strategies.
• Coordinate with Plant Operations on daily bidding.
• Execute monthly review of budgeted vs actuals for revenue and expenses for each plant.
• Review settlement information and identify areas for improvement.
• Review transmission outages and congestion.
• Perform backcast analysis on portfolio performance and recommend alternative approaches
• Identify premium nodal points for potential sites.

Required Qualifications

• Engineering, business, finance or economics degree or other, related technical field
• At least three (3) years of asset management / commercial dispatch experience.
• Daily financial settlement experience.
• Analytical experience performing backcast analysis to assist the organization in understanding commercial dispatch performance drivers
• Excellent commercial skills and a proven track record in planning, budgeting and financial assessment of power plant assets.
• Analytical data driven experience in assessing problems, identifying drivers and determining solutions / adjustments to address
• Financial/Operational experience in terms of understanding the linkages between daily dispatch and operational constraints as understood in communication with operations and remote operations center
• Organized and systematic approach to tasks requiring a high level of accuracy and efficiency.
• Technical competence (understand software, hardware, networks, etc.) and an ability to optimize a system of managing daily dispatch and P&L formulation that is largely currently spreadsheet based.
• Exceptional verbal and written communication skills as well as strong presentation skills.
• Must read, write and speak fluent English.
• Successful candidate will need to satisfactorily complete pre-employment drug screen and background check
• US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.

Desired Qualifications

• Degree in engineering, Business, Economics and/or Finance.
• Demonstrated experience with strategic planning, budget management, collaborative work initiatives and working effectively with multiple business functions.
• Previous asset management experience.
• Past, prior experience in managing and adapting a business for successful, high growth.
• Preference will be given to candidates with five (5) plus years of experience.
• Valid US passport and willingness to travel domestically and internationally.

It is PROENERGY's policy to provide equal opportunity in employment to all its employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, national origin, marital status, ancestry, medical condition, military status, or any other characteristic protected by State or Federal law.