How to Become a Power & Fuel Trading Director
Step 1: Understand the job description and responsibilities of a Power & Fuel Trading Director
What does a Power & Fuel Trading Director do?
A Power & Fuel Trading Director directs the operations for the intermediate and long-term power or fuel trading activity. Develops intermediate or long-term hedging strategies to maximize profitability for the organization. Being a Power & Fuel Trading Director develops policies and procedures for power or fuel trading processes in order to ensure optimization and compliance with established standards and regulations. Typically requires a bachelor's degree in area of specialty. Additionally, Power & Fuel Trading Director typically reports to top management. The Power & Fuel Trading Director manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. To be a Power & Fuel Trading Director typically requires 8+ years of managerial experience.
Step 2: Learn best tips to become a Power & Fuel Trading Director
Best tips for those who want to become a Power & Fuel Trading Director
Here are some tips to become a Power & Fuel Trading Director.
Step 3: View best colleges and universities for Power & Fuel Trading Director
Best colleges and universities for Power & Fuel Trading Director
- Oral Roberts University
- Warner Pacific University
- Colgate University
- United States Naval Academy
- Wesleyan University
- University of California--Los Angeles
Step 4: Think about whether is it worth to be a Power & Fuel Trading Director
Is being a Power & Fuel Trading Director Worth it?
On the supply side, commonly referred to as generation, fuel prices and availability, construction costs and the fixed costs are the main drivers of the price of energy. There's a number of physical factors between supply and demand that affect the actual clearing price of electricity.
Most of these factors are related to the transmission grid, the network of high voltage power lines and substations that ensure the safe and reliable transport of electricity from its generation to its consumption.
So let’s remember this, cars are power, people are the generators, the destination (a highway exit and not someone else’s home) is the load and price is time.
The "Marginal" means that the price is set by the cost of delivering one more unit of power, usually one megawatt.
SINGAPORE/BEIJING (Reuters) - Vitol, the world's largest oil trader, is buying and selling Iranian fuel oil, undermining Western efforts to choke the flow of petrodollars to Tehran and put pressure on Iran's suspected nuclear weapons program.
Step 5: Prepare relevant skills for being a Power & Fuel Trading Director
What skills do you need to be a Power & Fuel Trading Director?
This role is not a beginner's role, as such, there are many skills required. It is vital to the role to command: Process Optimization, Regulatory Environment, Risk Management, Strategy Development, Energy Trading, FERC Regulations, Hedging Activities. Management isn't easy, if it were, everyone would have the competenticies to execute the role with success.
Step 6: View average salary for Power & Fuel Trading Director
How much does a Power & Fuel Trading Director make?
The average salary range for a Power & Fuel Trading Director is from $146,559 to $198,175. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Power & Fuel Trading Director jobs
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