Managing electricity rates and market risk sounds daunting, but to some people it evokes the thrill and pace of the New York Stock Exchange trading floor.
For Yanmei (May) Qiu, a 10-year Silicon Valley Power veteran, supporting energy trading and analyzing rates is all in a day’s work to help her customers get the most affordable rates on the market.
May came to the U.S. from mainland China to pursue a bachelor’s degree in economics from University of California, Berkeley. After graduation, she left for the East Coast, earning a master’s in finance from Boston College and working in corporate finance in Boston. Before too long, she returned to the Bay Area, eager to escape East Coast winters and see old friends.
Since 2007, May has been working for SVP in risk control analysis, balancing SVP’s risks and costs to make energy transactions run smoothly. “I help ensure we have the reliable power we need and the credit to back it up,” says May. “We have a 24-hour trading floor, it’s kind of like a stock exchange.”
A few months ago, on top of her risk management position, May stepped in and became the acting division manager for market analysis and pricing. In this new role, she must look at the “whole picture,” as she calls it, to analyze how rates are structured.
Her multifaceted experience and holistic approach to the business has helped her optimize these rate structures. May is proud that she plays a part in offering customers some of the lowest electricity rates in California. While her years of education have prepared her well for her career at Silicon Valley Power, she says, “I learn something new every day.”
When May isn’t learning new skills or showing off her finance chops, she spends quality time with her husband and two daughters, ages three and seven.