The Market Operations Analyst is responsible for administering critical models that determine the Southwest Power Pool (SPP) and Electric Reliability Council of Texas (ERCOT) cost to load for Golden Spread Electric Cooperative (GSEC) and its Member Cooperatives (Members). In addition, the position is responsible for administering models that calculate Non-member margins generated by GSEC’s Resource Portfolio.
The Market Operations Analyst will play a key role in the critical feedback loop that will significantly influence the Market Operations strategy on an hourly and daily basis. The Market Operations Analyst is responsible for incorporating all relevant transaction and settlement data to determine the most accurate results possible for each 5 minute, hourly, daily, monthly and annual time periods. The transaction inputs include natural gas, bilateral power contract and all relevant market data. This position is responsible for maintaining, calibrating, and communicating all models’ results under their supervision.
In addition, the Market Operations Analyst is responsible for verifying, developing, and tracking processes for all third-party bilateral Purchased Power Agreements (PPAs) and market checkouts. These include GSEC and Member’s renewable assets. Close coordination with the external third parties and internal accounting group is crucial for accurate and timely payment. As the Cooperative enters into additional PPAs the Market Operations Analyst will be responsible for documenting checkout processes and procedures according to contract stipulations and due dates.
The Market Operations Analyst will play a lead role in calculating the monthly System Service Rate (SSR) for GSEC’s Members. The majority of the inputs to the SSR will flow through and be verified by the Market Operations Analyst. The ultimate Fuel and Purchased Power Energy value is derived fully from the models and analytical data administered by this position.
The Market Operations Analyst will be a Subject Matter Expert (SME) in the Market Operations Data Warehouse, Analytic and Dashboard software program. By mastering these software programs, the Market Operations Analyst will be able to pull together large amounts of data quickly and provide timely feedback on results. These results will drive the Portfolio Optimization strategy for GSEC. This position also develops graphical representations of much of the data he/she is responsible for maintaining. This position requires expert knowledge and use of standard computer software programs such as Microsoft Xcel, Word and PowerPoint, and the very customized analytical software tool known as ZEMA (by Ze-Power).
The Market Operations Analyst will also take part in important team projects and cross-training. Cross-training is a key initiative designed to create better quality business continuity. The Market Operations Analyst will be trained in Settlements, Load Forecasting, Resource Planning functions, and other data modelling tasks. This position must be able to function as a member of a project team interacting and coordinating activities with project team members from within and outside of the organization.
Model Implementation, development and reporting:
Develops, populates and calibrates models determining hourly and daily costs and margins.
Assist in the development of the monthly System Service Rate for member billing.
Prepares annual and quarterly reports for the FERC EQR and PUCT reports.
Provides a Day Ahead and Daily Report of Market Operations for GSEC
Subject Matter Expert (SME) for Market Operations Real-Time software applications
Ensures daily that dashboards in Market Operations Room function properly
Participates in market data dashboard development
Participates in daily strategy calls and provide feedback on results which impacts the bottom line cost to load and third-party margins results.
Bilateral Checkout and data validation:
Continuously monitor and analyze the gas usage and billing data for our resource portfolio
Third-party meter data validation for generation and curtailment on wind farms
Invoice verification and validation including bilateral energy, transmission, and royalty payments to solar and wind farm owners.
Cross Functional and Departmental Coordination:
Special analytical projects requested by other departments or Members in the organization.
Cross train in Settlements, Load Forecasting, Resource Planning Functions, etc.
Internally provide data to support various business functions and coordinate with:
Process and Procedure Administration
Develop and document procedures for new tasks or invoices
Update procedures with any new upgrades, methods, validations, or process changes
Archive and track all procedures for invoices and other key market operations tasks.
Complexity of Problems
This position must maintain attention to detail accuracy.
He/she must be able to provide accurate data in a timely manner meeting specific deadlines.
Most of the data gathered by the Market Operations Analyst could have multiple purposes and are significantly interrelated with other data and processes; such that problems with data, if left unresolved, could lead to poor decisions by market operations staff and senior management.
Internal and External Contacts
Interaction with ACES power marketing personnel gathering settlement/accounting data.
Interaction with bilateral counterparts.
Occasional interaction with external consultants, RTO, and ISO personnel.
Education, Knowledge, and Experience Required
Bachelors’ Degree (Business Finance, Accounting, Economics) with 1-3 years of experience.
Proficient in Microsoft Office Suite
Graphing and charting capability
Statistics and data analysis
Flexible to consistent changes in the markets and therefore processes
Strong work ethic
Ability to effectively work on several tasks at the same time
Good interpersonal and organizational skills
Ability to communicate effectively, both in writing and verbally with others
Ability to maintain effective working relationships, internally and externally
This position requires a thorough knowledge of:
Basic accounting and billing principles
Basic finance and data analysis
This position requires a solid understanding of:
RTO/ISO settlement procedures and protocols,
Energy trading products both electric and gas,
Electric industry principles and understanding
Power plant operations
About Golden Spread Electrical Cooperative
Golden Spread Electric Cooperative, Inc. is a tax-exempt, consumer-owned public utility, organized in 1984 to provide low cost, reliable electric service for its rural distribution cooperative members.
Its 16 Member systems provide service to approximately 282,000 member-consumers located in the Oklahoma Panhandle and an area covering 24 percent of Texas land area including the Panhandle, South Plains and Edwards Plateau Regions.
Golden Spread owns Mustang Station, a 480 megawatt, a gas-fueled, combined cycle generating plant located near Denver City, Texas, as well as Mustang Station Units 4, 5 and 6, two 150 megawatt combustion turbine-generators and one 163 megawatt combustion turbine-generator with inlet chilling located at the Mustang Station site. In 2011 Golden Spread added to its generating fleet Antelope Station, a 168 megawatt generating facility made up of 18 quick start engines located near Abernathy, Texas, and Golden Spread Panhandle Wind Ranch, a 78 megawatt wind facility made up of 34 wind turbines located near Amarillo, Texas. In 2014 and 2015 Golden Spread expanded its generation capacity further by adding 3 GE combustion turbines at Antelope Station, which... was re-branded the Antelope Elk Energy Center with the installation of Elk Units 1, 2, and 3, capable of producing a combined 606 megawatts.