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Posted 21 hours agoTrading Analyst - Denver, CO
at Xcel Energy
Denver, United StatesOn-site
Responsibilities
- Position Summary Design and perform 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 Energy power system portfolios to determine opportunities for efficiency improvements.
- 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 real-time traders during daily operation 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.).
- 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.
- Design and perform post-analysis models of previous day system operation to determine opportunities for dispatch efficiency and purchase/sales improvements.
- Perform benchmarking of models as appropriate to assure analysis integrity.
- Perform pricing and costing of Real-Time Pricing Program sales and wholesale sales.
- Analyze and forecast future market prices at various trading points.
- Research energy market trends and energy optimization techniques/tools to support trading contributors.
- Recommend trading strategies based on technical market analysis. Minimum
Requirements
- Requirements Bachelor's degree in mathematics, engineering, applied sciences, economics, finance, or related fields. Minimum 4 years'
- experience in operating mathematical models, data mining, and analytics. Prefer previous work
- experience in electricity industry, including one year in energy commodity trading operations and knowledge of power plant operations. Preference given to individuals with at least 1 year
- experience with generation cost modeling software such as Plexos, Aurora, Prosym, Promod, or Gentrader.
Benefits
- Non-Bargaining The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 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
Contact
- Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com .
- ACCESSIBILITY STATEMENT Xcel 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.
Additional details
- 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.
- Submit XE's bids and offers into organized markets, which requires the employee to be classified as Wholesale Merchant Function. Essential
- Responsibilities Design and perform quantitative studies of historical and forecasted prices, system loads, fuel costs, and determination of the natural position of XE's power system portfolios.
- requirements and the daily gas nomination process.
- Help plant operations personnel understand the market implications of plant operating decisions.
- Understand mechanical aspects of power plants and the potential optionality in the various power generation technologies.
- Understand electrical system constraints and operations.
- Bid load and offer generation into organized markets on behalf of the company.
- Continuously seek improvements to processes and analyses used for purchasing/selling commodities, scheduling of contracted resources, and commitment/dispatch of XE generation assets.
- At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need.