Quantitative Energy Trading Associate

Xcel Energy; Denver (CO); On-site; USD 98,000 - 139,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k)

Paid time off

Holidays

Job summary

Xcel Energy is seeking a Trading Analyst to design and perform quantitative analysis for pricing wholesale energy transactions and to optimize schedules and portfolio positions for the power system. The role involves post-analysis of dispatch, risk management support, and bidding into organized markets.

The successful candidate will have a strong mathematics/engineering background, 4+ years of analytics experience, and familiarity with generation cost modeling tools.

Qualifications

• Bachelor's degree in mathematics, engineering, applied sciences, or related fields.
• Minimum 4 years experience in operating mathematical models, data mining, and analytics.

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.
• Identify opportunities to improve system operations; design and create analytical studies to model opportunities and determine costs/savings.
• Create and run modeling scenarios to optimize daily unit commitment, additional purchases/sales, and long-term energy purchases; bid load and offers into markets.
• Design and perform post-analysis models of previous day system operation to determine opportunities for dispatch efficiency and purchase/sales improvements.
• 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; stay abreast of regulatory requirements and recommend trading strategies.

Skills

Data mining

Analytics

Mathematical models

Quantitative analysis

Education

Bachelor's degree in mathematics, engineering, applied sciences, or related fields

Tools

Plexos

Aurora

Prosym

Promod

Gentrader

Job description

Xcel Energy is seeking a Trading Analyst to design and perform quantitative analysis for pricing wholesale energy transactions and to optimize schedules and portfolio positions for the power system. The role involves post-analysis of dispatch, risk management support, and bidding into organized markets.

The successful candidate will have a strong mathematics/engineering background, 4+ years of analytics experience, and familiarity with generation cost modeling tools.