Public Utilities Energy Trading
Does anyone have any information on what the day to day is like as an Energy Trader and at a utilities company like PGE, SMUD, Southern California Edison, East Bay Municipal Utility District, Etc?
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330west, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
Fingers crossed that one of those helps you.
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Determining retail load portfolio risk parameters and forward purchasing for term forecast, but mostly daily balancing based on deviations of demand
The day can vary depends if you have generation or as said above just serving load. But here is a general overview of both the supply and demand side. First, the gas day dictates everything so West Coast expect to be at the desk by 6AM, Update on the overnight weather model runs will generally be at the top of the list. Check in with brokers see where power and gas are marked for the term you are interested in. You will also run some type of model/simulation to determine price and congestion on the power grid. From there, any deviations will need to addressed in the term you trade. Generally,this means if you have more gen than expected you will look to sell and if you have excess load you will look to buy. Most things wrap up 1-2PM on west coast. Depending on team structure any company meetings may be held after 2PM once the trading has died down. If you are real time trading then this pretty much goes out the window as that is 24X7. Again, this is very general and it could vary shop to shop and position by position. There also bidding/scheduling load and gen that is dictated by ISO timelines. I can expand if need be.
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