Xcel Energy
Senior Trading Analyst
Xcel Energy, Denver, Colorado, United States, 80285
Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.
Position Summary
Expert in the design and performance of quantitative analysis to price wholesale energy commodity transactions and quantify and hedge risk. Plan and optimize seasonal, monthly, balance-of-month, and daily resource commitment schedules and portfolio positions to provide the most economic operations of the power system portfolios. Perform post-analysis of actual dispatch and system operations for each of the Xcel power system portfolios to determine opportunities for efficiency improvements. Provide written testimony and act as an expert witness in regulatory proceedings. Advise management on strategies to maximize value that includes markets, process, asset usage, costing, and regulatory strategies. Submit XE's bids and offers into organized markets, which requires the employee to be classified as Wholesale Merchant Function.
Essential Responsibilities
Provides group technical leadership in trading strategies, plant operations, market analysis, modeling issues, decision analysis, and trade floor processes.
Design and perform complex quantitative studies of historical and forecasted prices, system loads, fuel costs, determination of the natural position of XE's power system portfolios. Support trading and risk management activities through quantifying the natural position of each XE regulated operating company. Troubleshoot daily operation of XE's regulated electric operating companies and provide technical support to Traders during daily operations of the systems.
Identify opportunities to improve system operations. Design and create analytical studies to model opportunities and determine costs/savings (e.g. rescheduling plant maintenance, alternative operating strategies for certain resources, etc.). Understand mechanical aspects of power plants and the potential optionality in the various power generation technologies. Understand electrical system constraints and operations.
Create and run modeling scenarios to optimize daily unit commitment, additional purchases/sales, and long-term energy limited or constrained seasonal purchases. Verify accuracy of results through extensive post-analysis of XE system performance. Evaluate short-term load forecasts, current plant/contract availability, fuel costs, and market conditions. Determine quantities of energy to buy/sell, optimal scheduling of constrained resources and optimal commitment decisions for plants/contractual resources. Bid load and offer generation into organized markets on behalf of the company.
Responsible for development of load flow models, generation cost models, generation bidding strategies, and LMP analysis.
Analyze and forecast future market prices at various trading points. Research energy market trends and energy optimization techniques/tools to support trading contributors. Stay abreast of regulatory requirements. Continually improve processes. Recommend trading strategies based on technical market analysis.
Support regulatory compliance and assist regulatory teams with analysis. Write testimony as needed and appear as an expert witness. Understand regulatory treatment, trading operations, and plant operations.
Minimum Requirements
Bachelor's degree in mathematics, engineering, applied sciences, or related field.
Minimum 8 years experience in operating mathematical models, data mining, and analytics.
At least 2 years of experience with energy trading operations, including LMP markets is required.
Preferred Requirements
Master's degree
Previous work experience in electricity industry, including knowledge of power plant operations
Experience with generation cost modeling tools such as Plexos, Aurora, Prosym, GenTrader, or Promod strongly preferred
As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.
Non-Bargaining
The anticipated starting base pay for this position is: $105,600.00 to $150,000.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave.
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
Deadline to Apply: 09/19/24
EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)
ACCESSIBILITY STATEMENTXcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
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Position Summary
Expert in the design and performance of quantitative analysis to price wholesale energy commodity transactions and quantify and hedge risk. Plan and optimize seasonal, monthly, balance-of-month, and daily resource commitment schedules and portfolio positions to provide the most economic operations of the power system portfolios. Perform post-analysis of actual dispatch and system operations for each of the Xcel power system portfolios to determine opportunities for efficiency improvements. Provide written testimony and act as an expert witness in regulatory proceedings. Advise management on strategies to maximize value that includes markets, process, asset usage, costing, and regulatory strategies. Submit XE's bids and offers into organized markets, which requires the employee to be classified as Wholesale Merchant Function.
Essential Responsibilities
Provides group technical leadership in trading strategies, plant operations, market analysis, modeling issues, decision analysis, and trade floor processes.
Design and perform complex quantitative studies of historical and forecasted prices, system loads, fuel costs, determination of the natural position of XE's power system portfolios. Support trading and risk management activities through quantifying the natural position of each XE regulated operating company. Troubleshoot daily operation of XE's regulated electric operating companies and provide technical support to Traders during daily operations of the systems.
Identify opportunities to improve system operations. Design and create analytical studies to model opportunities and determine costs/savings (e.g. rescheduling plant maintenance, alternative operating strategies for certain resources, etc.). Understand mechanical aspects of power plants and the potential optionality in the various power generation technologies. Understand electrical system constraints and operations.
Create and run modeling scenarios to optimize daily unit commitment, additional purchases/sales, and long-term energy limited or constrained seasonal purchases. Verify accuracy of results through extensive post-analysis of XE system performance. Evaluate short-term load forecasts, current plant/contract availability, fuel costs, and market conditions. Determine quantities of energy to buy/sell, optimal scheduling of constrained resources and optimal commitment decisions for plants/contractual resources. Bid load and offer generation into organized markets on behalf of the company.
Responsible for development of load flow models, generation cost models, generation bidding strategies, and LMP analysis.
Analyze and forecast future market prices at various trading points. Research energy market trends and energy optimization techniques/tools to support trading contributors. Stay abreast of regulatory requirements. Continually improve processes. Recommend trading strategies based on technical market analysis.
Support regulatory compliance and assist regulatory teams with analysis. Write testimony as needed and appear as an expert witness. Understand regulatory treatment, trading operations, and plant operations.
Minimum Requirements
Bachelor's degree in mathematics, engineering, applied sciences, or related field.
Minimum 8 years experience in operating mathematical models, data mining, and analytics.
At least 2 years of experience with energy trading operations, including LMP markets is required.
Preferred Requirements
Master's degree
Previous work experience in electricity industry, including knowledge of power plant operations
Experience with generation cost modeling tools such as Plexos, Aurora, Prosym, GenTrader, or Promod strongly preferred
As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.
Non-Bargaining
The anticipated starting base pay for this position is: $105,600.00 to $150,000.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave.
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
Deadline to Apply: 09/19/24
EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)
ACCESSIBILITY STATEMENTXcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
#J-18808-Ljbffr