Vistra Corp.

DA/Cash Trader, Director

Vistra Corp.$130K — $180K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8-10 years of experience in energy markets or related field.
  • In-depth knowledge of ISO market rules.
  • Experience in power generation and transmission operations.
  • Proven skills in analytics and modeling of power generation units.
  • Strong communication and teamwork abilities.

Responsibilities

  • Develop Day Ahead and Real Time submissions for PJM assets.
  • Manage the cash month power and natural gas positions.
  • Schedule all physical power trades and coordinate gas purchases.
  • Collaborate with Operations for outage and testing schedules.
  • Analyze and understand PNL deviations on a regular basis.
  • Provide thought leadership on operational improvements within Asset Management.
  • Coordinate with multiple teams to ensure compliance with regulatory standards.

Benefits

  • Health, dental, and vision insurance options.
  • Retirement savings plan with company match.
  • Employee wellness programs and initiatives.
  • Professional development opportunities.
Full Job Description
Job Summary
Responsible for managing all aspects of PJM physical and financial positions for the cash month including DA and RT energy and ancillary service bidding for all PJM assets as well as setting and executing strategy for cash month position. Aid RT manager in oversight of real time operations and collaborate with trading team on fleet strategies and implementation.

Job Description
• Development of all Day Ahead and Real Time submissions for PJM assets, submittal of Retail DA bids in compliance with all FERC, PJM and internal policies and procedures
• Manage Asset Management power and natural gas position throughout the cash month
• Schedule all physical power trades
• Coordinate gas purchases with fuels team and assist in managing imbalance
• Coordinate coal inventory with Sold Fuel team
• Coordinate with Operations to develop and optimize outage and testing schedules for the PJM fleet
• Provide thought leadership on operational and financial improvements within Asset Management
• Follow and provide SME input to Regulatory on changes to PJM Market Rules
• Serves as a resource for Adapt2 market submissions systems including development and maintenance
• Determining appropriate day-ahead trades and preparation of all DAM submissions for Asset Management, Retail, and CREP that are in compliance with all applicable PUC rules, PJM Protocols, and Internal Luminant Policies and Procedures
• Collaborate with PJM team on trading strategies and optimization of fleet.
• Responsible for analyzing and understanding PNL deviations on a daily and monthly level.
• Direct other analytical projects and studies as necessary to maximize the value of the PJM assets.
• Responsible for scheduling all physical power trades and other associated tasks.
• Minimum 8-10 years of job related experience or equivalent experience and training which provides commensurate level of knowledge, skills and ability required
• Knowledge of ISO market rules is required
• Self-motivated individual, who is flexible to respond to a host of different challenges, manage multiple projects, and changing priorities when needed is required
• Knowledge of generation and transmission operations knowledge of Luminant's Power generation fleet
• Knowledge in the analysis and modeling of power generation units
• Excellent verbal and written communication skills
• Competency requirements including strong computer skills, analytical thinking, attention to detail and problem solving skills
• Ability to work as part of a team, supporting your fellow team mates with a great demeanor
• High school diploma or equivalent
• Experience gained through college degree programs and/or certifications is applicable to above skills

Job Family
Trading

Company
Luminant Energy Company LLC

Locations
Irving, Texas

Texas

About Vistra Corp.

Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company that provides essential resources to customers, businesses, and communities from California to Maine. Based in Irving, Texas, Vistra is a leader in the energy transformation with an unyielding focus on reliability, affordability, and sustainability. The company safely operates a reliable, efficient, power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business. In the 2020 Forbes Global 2000, Vistra Energy was ranked as the 756th-largest public company in the world. The company owns the Moss Landing Power Plant in California which currently contains the largest battery energy storage system in the world. In 2016, Texas Competitive Electric Holdings, parent company of TXU Energy and Luminant, emerged from Chapter 11. TCEH was then rebranded as Vistra Energy. Vistra acquired Dynegy in 2018. In 2019, Ambit Energy was acquired, resulting in a 32% residential market share in ERCOT, with NRG Energy as its largest competitor. It also acquired Crius Energy in 2019.
Learn more about Vistra Corp.
Size
5,060 employees
Market Cap
$9,272
Industry
5 Year Trend
+1460%
NASDAQ

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