NB: I'm really ignorant about power physical trading.
Job advert for a "trainee physical markets trader" at EnergyAustralia.
Link: http://careers.energyaustralia.com.au/cw/en/job/4… (will expire eventually)
So 6 month training program followed by role begin.
Job Description: "Please note: Physical Markets operate a 24/7 roster as per requirements of the spot energy markets. As such there will be a requirement for some non-business hours work including weekend work for which there is compensation.
Key duties and accountabilities will include:
Spot market optimisation by effective dispatch of EnergyAustralia's electricity assets in the NEM and utilisation of gas supply arrangements in the East Coast wholesale gas markets Power station planning and availability management, including assisting in the co-ordination of plant outages so that the portfolio is optimised Market analysis and assisting in development of Physical Market trading strategy Support the development of small-scale computer based tools to improve spot market optimisation Work closely with regulatory and compliance team, assets and market operator to assist EnergyAustralia's compliance in the wholesale energy markets Effective communication with a wide range stakeholders including market operator, assets, internal and counterparties"
My question is pretty much: is this role about maximising P/L for the Utility? That is, trading to make a profit for the business? Or is it merely managing spot contracts, or more a risk mgmt type role?
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