Priority Power is leading the Energy Transition with integrity, trust, and transparency. Priority Power combines energy optimization and infrastructure expertise with our proprietary technology, PriorityView, to help businesses and organizations achieve decarbonization and sustainability goals while also maximizing savings and efficiency.

 

Priority Power provides team members with competitive salaries, comprehensive benefits, and the opportunity to learn and grow in a fast-paced, supportive work environment.



Position Overview


This position is responsible for the settlement processing, validation and allocation of costs and revenues derived from transactions of wholesale energy and capacity products conducted through bilateral agreements and the Electric Reliability Council of Texas (ERCOT) market.  The Settlements Manager/Director works extensively with time series data using various software and analytical tools to produce timely and accurate daily and monthly settlement reports and invoices.


Essential Duties and Responsibilities include the following. Other duties may be assigned.


  •        Validate sub-daily, daily and monthly data associated with meter data and transactions of energy, ancillary services, and other wholesale products.


 


  •   r  Prepare and validate billing data used in monthly settlements billing for Priority Power customers and trading partners.


 


  •     Validate daily and monthly ERCOT settlement statements and invoices for multiple Qualified Scheduling Entities (QSE) within defined timelines.


 


  •     Track and validate data associated with various compliance instruments including Greenhouse Gas (GHG) obligations and Renewable Energy Credits (RECs).


 


  •      Assist with testing and implementation of process, software, and database changes to support new market initiatives and/or customer accounts.


 


  •      Provide regular feedback to management and customers regarding settlement outcomes.


 


  •      Learn and apply continued knowledge growth to work duties, where applicable, with respect to evolving wholesale power industry policies, tariffs, business rules, and procedures.


 


  •      Work with the finance, treasury, and accounting teams to identify and resolve issues, assist with cash forecasting and variance analysis, and ensue timely payments occur to ERCOT and counterparties.


 


  •      Generate customer invoices/remittances for bilateral power physical and financial activity in accordance with contractual terms. Review completeness of monthly and other periodic billings.


 


  •      Contact counterparties to timely resolve billing discrepancies or follow up with past due accounts receivables.


 


Qualifications


 


  •       Bachelor's degree from a four-year college or university with emphasis on analytical and quantitative skills and three or more years of related experience and/or training; Energy sector and/or data science experience preferred; or, equivalent combination of education and experience.


 


  •      Experience in ERCOT or other independent system operator market strongly preferred


 


  •       Microsoft Office (including high proficiency in Excel)


 


  •      Able to analyze and summarize time series data into a reportable form and present to relevant audiences including customers, managers, executives, clients and the general public


 


  •      Should be a self-starter that can accept responsibility and work autonomously


 


  •      Able to work under the pressure of multiple deadlines and utilize technical skills to create software and computer efficiencies


 


  •      Team player who is comfortable working on new and unforeseen issues, developing solutions utilizing new tools and methods; maintains a results-oriented mentality.


 


  •      Able to read, analyze and interpret various agreements, contracts, procedures and regulations


 


  •      Write reports, business correspondence and document procedures using professional tone and style


 

       

  •      Able to solve practical problems and deal with a variety of complex variables where limited standardization exists




 

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