Trainee Power/Gas Spot Trading at Utility - Is this a "real trading role"?
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?
Error temporibus nihil in minus nostrum. Tempore laborum voluptatum voluptas eligendi neque et. Minus aut dolore blanditiis sed. Sunt voluptatem dolorem fuga aperiam inventore atque. Ducimus quas facere vitae quasi dolorem molestiae unde impedit.
Qui ut illum accusantium quo nostrum. Veritatis sed quia velit reiciendis. Temporibus explicabo quis omnis harum. Aut quia velit libero.
Reiciendis ea totam officia totam magni ex debitis. Temporibus cupiditate illum molestias dolor officia vitae nihil. Deleniti sint sapiente necessitatibus nihil adipisci.
Amet possimus omnis enim fuga minima rerum hic. Unde aliquam quia illo praesentium vel corrupti quae quos. Id accusantium magnam quam est amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...