Xcelenergy

Trading Analyst - Denver, CO

Denver, CO, 80205

Sponsorship not specified$98k-$139kDetected 8 days ago

AccessibilityRecruitingCustomer SupportResearch

About the role

Submit XE's bids and offers into organized markets, which requires the employee to be classified as Wholesale Merchant Function.

Design and perform quantitative analysis to price wholesale energy commodity transactions and quantify and hedge risk.
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.
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.
Design and create analytical studies to model opportunities and determine costs/savings (e.g. rescheduling plant maintenance, alternative operating strategies for certain resources, etc.).
Design and perform post-analysis models of previous day system operation to determine opportunities for dispatch efficiency and purchase/sales improvements.

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.

Assist Fuels in the determination of forward fuel requirements and the daily gas nomination process.
Identify opportunities to improve system operations.
Help plant operations personnel understand the market implications of plant operating decisions.
Understand electrical system constraints and operations.
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.

Understand mechanical aspects of power plants and the potential optionality in the various power generation technologies.

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.

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)
All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.
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.
This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination |
Equal Opportunity Policy (PDF) | Employee Rights (PDF)

This listing is sourced directly from Xcelenergy's careers page and normalized into a canonical job model.