Trading or Associate Trading Analyst (Power Operations) at Xcel Energy

Denver, Colorado, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Mar, 26

Salary

135200.0

Posted On

27 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Quantitative Analysis, Risk Management, Data Mining, Analytical Thinking, Electricity Industry Knowledge, Power Plant Operations, Generation Cost Modeling, Market Analysis, Forecasting, Technical Support, Optimization, Energy Trading, Regulatory Compliance, Modeling Scenarios, Efficiency Improvements, Load Forecasting, Cost Analysis

Industry

Utilities

Description

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. The below job summary and responsibilities reflect the duties of the Trading Analyst the Associate Trading Analyst will differ on skills and/or experience required for the role. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience. 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. 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. 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. Assist Fuels in the determination of forward fuel requirements and the daily gas nomination process. 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.). 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. 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. 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. Verify accuracy of sales costing. Continuously seek improvements to processes and analyses used for purchasing/selling commodities, scheduling of contracted resources, and commitment/dispatch of XE generation assets. 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. Stay abreast of regulatory requirements. Recommend trading strategies based on technical market analysis. Minimum Requirements Trading Analyst ($95,200 - $135,200) Bachelor's degree in mathematics, engineering, applied sciences, 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. Minimum Requirements Associate Level ($82,800 - $117,600) Bachelor's degree in mathematics, engineering, applied sciences, or related fields. Prefer mechanical engineering background or individuals with power plant operations experience coupled with strong computer skills and analytical thinking. Preference given to individuals with at least 6 months experience with generation cost modeling software such as Plexos, Aurora, Prosym, Promod, or Gentrade. Preferred Requirements RTO/ISO experience. Day Ahead Desk or Power System Planning Experience desired. RTO/ISO bids and offers, outage coordination and Day Ahead Power System planning. 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: $95,200.00 to $135,200.00 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. In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information. Deadline to Apply: 01/07/26 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. 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. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. You. Us. Together. At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.

Responsibilities

The successful candidate will design and perform quantitative analysis to price wholesale energy commodity transactions and optimize resource commitment schedules. They will also perform post-analysis of system operations to identify opportunities for efficiency improvements.