Ian Perry
Short Term PJM Power Trader at Dynasty Power- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
Topline Score
Bio
Credentials
-
Certified Public Accountant
Texas State Board of Public AccountancyJul, 2001- Nov, 2024
Experience
-
Dynasty Power Inc.
-
Canada
-
Oil and Gas
-
1 - 100 Employee
-
Short Term PJM Power Trader
-
Jul 2017 - Present
-Speculatively trade PJM power products at West Hub, NI Hub, and AD Hub, and NYMEX products with terms of up to 6 months forward. -Maintain and update a supply/demand aggregation model that I developed which I use to assign values to near term power days accounting for regional power load, renewable and conventional generation supply, and transmission congestion resulting from load spreads, generation deficiencies and transmission line outages. -Analyze realtime and historical price data to determine entry and exit prices for trades. -Monitor weather models throughout the day to understand in real time how each model’s changes in forecasted conditions will affect power load. Show less
-
-
-
Shell
-
United Kingdom
-
Oil and Gas
-
700 & Above Employee
-
Short Term Power Trader
-
Jan 2008 - Jun 2017
-Responsible for the profitability of a 900 MW power plant in PJM.-Formulated power bidding for the plant on a daily basis, purchased up to 155k MMbtus of gas per day to fuel the plant, and managed physical fuel and financial hedge issues resulting from plant operational changes.-Maintained an open line of communication with team members regarding market conditions.-Worked closely with marketing to offer competitive prices to customers for PJM zonal products.-Traded NYMEX, gas basis, and PJM power to hedge the plant with terms from bal-day to 3 months forward.-Traded RTO Capacity to manage the plant’s capacity position, as well as managed the position within RPM.-Corresponded with the Market Monitor to ensure compliance with PJM rules including gaining the approval for the plant’s Fuel Cost Policy.-Speculatively traded PJM power, NYMEX and Gas Basis products.-Researched and composed a quarterly technology review provided to all power traders.-Trained new employees on power trading processes and tools. Show less
-
-
Contract Administration Supervisor
-
Apr 2005 - Dec 2007
-Responsible for ensuring the administration of all sales agreements issued within the US Lubricants business including upfront customer investment agreements which had a 2007 capital budget of $50 million.-Supervised a team of 6 documentation specialists who were responsible for drafting and funding over 600 customer contracts annually which I reviewed for accuracy and ensured were being administered in a timely fashion.-Drafted custom language and corresponded with the Legal, Sales, Credit, and other Finance groups daily to discuss custom language, the implications of such language, and customer default matters.-Had an integral role in deal negotiations by discussing contractual requirements and language directly with customers including in person negotiations at customer sites.-Led the Global Contract Network for Lubricants which had the responsibility of 1) determining gaps in the contract admin and management processes in each region of the global business and 2) maintaining an ongoing correspondence to ensure best practices were shared. Show less
-
-
-
Shell Lubricants
-
Houston, Texas
-
Financial Analyst
-
Jun 2003 - Mar 2005
-Provided analytical and data support for a sales team which generated $530MM revenue in 2004. -Assisted with special projects to streamline discounts and allowances and pricing by providing analysis and fulfilling data requests. -Provided financial analysis and worked closely with the marketing team responsible for the Quaker State brand repositioning of 2005. -Provided analytical and data support for a sales team which generated $530MM revenue in 2004. -Assisted with special projects to streamline discounts and allowances and pricing by providing analysis and fulfilling data requests. -Provided financial analysis and worked closely with the marketing team responsible for the Quaker State brand repositioning of 2005.
-
-
-
Arthur Andersen & KPMG
-
Houston, Texas
-
Staff Accountant
-
Jul 2001 - May 2003
-Performed financial statement audits for large power, refining, and E&P companies, such as Calpine, Dynegy, and Total -Mapped processes for clients to determine audit methodology -Performed onsite inventory audits at refineries. -Performed financial statement audits for large power, refining, and E&P companies, such as Calpine, Dynegy, and Total -Mapped processes for clients to determine audit methodology -Performed onsite inventory audits at refineries.
-
-
Education
-
The University of Texas at Austin
Master of Professional Accounting, Accounting and Business/Management -
Jesuit High School of New Orleans
College Prep