Calpine
Trading Analyst
Calpine, Houston, Texas, United States, 77246
Houston Office717 Texas AveSte 1000Houston, TX 77002, USA
Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.Job SummarySupports Calpine’s trading and risk management activity. Responsible to work with internally and externally to provide the necessary data to build price forecasts for multiple trading markets. These models and inputs include but are not limited to weather, transmission, market fundamentals, gas/power constraints, renewables, battery dispatch, carbon cost, fuel prices, and load. Analyst will be responsible for creating, maintaining, and running fundamental models used to give short-term and long-term pricing forecasts. Analyst will be responsible for short-term and long-term statistical trading models as well as incorporating changes in market fundamentals and structures. Analyst will also play a large role in power plant dispatch decisions, hedging recommendations, model development, pricing framework structuring and the annual budget process including tracking the forecasted earnings as they change across time including the actual earnings reconciliation process at settlement.Job Scope & Technical ExcellenceDeveloping deep market knowledge of the intricacies around the economics and risks driving pricing and market behaviorDeveloping use and/or application of the complex principles, theories and concepts integrated into power and gas marketsApplication of technical skills to build models, manipulate data, and automate processesMakes decisions regarding own work within defined parametersRegularly contributes useful ideas for own work area as well as othersThinks broadly about pricing and risk exposures and how to forecast/manage/modelWork Complexity & Independent JudgmentWorks on problems of defined scope and takes ownership of assigned responsibilitiesWork often consists of detailed and complex tasks, but normally under the direction of trade floor managementLittle instruction on day-to-day work, general instructions on new assignmentsMay be designated project or technical lead for an ongoing process or short-term project within own department.Education & ExperienceBachelor’s Degree or equivalent.Typically requires 2-4 years’ experience mostly concentrated in analytical modeling and performance.Additional Calpine Information:Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
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Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.Job SummarySupports Calpine’s trading and risk management activity. Responsible to work with internally and externally to provide the necessary data to build price forecasts for multiple trading markets. These models and inputs include but are not limited to weather, transmission, market fundamentals, gas/power constraints, renewables, battery dispatch, carbon cost, fuel prices, and load. Analyst will be responsible for creating, maintaining, and running fundamental models used to give short-term and long-term pricing forecasts. Analyst will be responsible for short-term and long-term statistical trading models as well as incorporating changes in market fundamentals and structures. Analyst will also play a large role in power plant dispatch decisions, hedging recommendations, model development, pricing framework structuring and the annual budget process including tracking the forecasted earnings as they change across time including the actual earnings reconciliation process at settlement.Job Scope & Technical ExcellenceDeveloping deep market knowledge of the intricacies around the economics and risks driving pricing and market behaviorDeveloping use and/or application of the complex principles, theories and concepts integrated into power and gas marketsApplication of technical skills to build models, manipulate data, and automate processesMakes decisions regarding own work within defined parametersRegularly contributes useful ideas for own work area as well as othersThinks broadly about pricing and risk exposures and how to forecast/manage/modelWork Complexity & Independent JudgmentWorks on problems of defined scope and takes ownership of assigned responsibilitiesWork often consists of detailed and complex tasks, but normally under the direction of trade floor managementLittle instruction on day-to-day work, general instructions on new assignmentsMay be designated project or technical lead for an ongoing process or short-term project within own department.Education & ExperienceBachelor’s Degree or equivalent.Typically requires 2-4 years’ experience mostly concentrated in analytical modeling and performance.Additional Calpine Information:Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.
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