Senior Trader Power System

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.

Position Summary

Coordinate and maintain hourly energy balance between demand requirements and supply resources at the lowest possible cost. Implement strategies. Dispatch generation facilities and purchase power resources with economic consideration and to maintain system integrity, meeting all reliability requirements as established by NERC or other authority. Develop and maintain an hourly system position and derive economic incremental and avoided cost pricing signals. Maximize the economic benefit to the system by identifying additional trading opportunities available through the open market and engage in financial and bilateral transactions that benefit the system. NERC certification is a requirement to obtained within 8 months of employment. Ability to work on all operating company systems is required.

Essential Responsibilities

• Develop an hourly load and renewable energy forecast for the current and next day operations. Derive a system position, incorporating the demand obligations and resource availability, in order to economically direct the commitment of generation facilities within the system and dispatch other contractually available assets to meet total obligation requirements. Maintain and revise hourly forecasts and system position throughout the day as system conditions change due to unit availabilities, reserve requirements or load deviations. Coordinate these adjustments with the generating plants. Plan and schedule short notice facility outages and derates. Derive system cost signals. Forecast and optimize natural gas utilization and convey scheduling needs to the fuels group. Identify and resolve issues which result in economic inefficiencies. Effectively respond to a wide range of operational situations in a physical, bilateral market including elevated system conditions and contingencies.
• Purchase/sell and schedule energy from economic suppliers/sinks on an hourly basis. Interact and coordinate with the real-time traders to maximize hourly market products for the system. Optimize the system position with financial and physical energy transactions. Input and manage hourly binding generation offers and balance system position associated with ISO markets. Continually monitor the marketplace in search for additional energy trading opportunities. Coordinate and implement these energy transactions.
• Schedule and account for daily/hourly transactions in the power system accounting system, making revisions when necessary to balance books. Coordinate and confirm daily transactions. Assist analysts in tracking, trending, and analyzing the performance of the daily dispatch, including asset optimization and scheduled transaction valuation. Maintain operational documentation via electronic log. Maintain documentation necessary to verify and complete accurate costing of sales. Maintain data as required by regulatory staff.
• Communicate with Security Coordinators, Control Area Operators and Transmission Operators on a continual basis, exchanging reliability data specific to generation in order to maintain system integrity. Implement actions requested by any of the previously mentioned authorities in order to provide the necessary system ancillary services and ensure system reliability. Take corrective action such that service interruptions and equipment damage are minimized.
• Provides group technical leadership in areas such as trading strategies, system dispatch, and market optimization. Provides guidance to Power System Traders on other operating company systems to assist with opportunity analysis, decision making, and emergency response. Has the ability to operate proficiently on all three operating company systems. Participate in the development and implementation of improved operating policies and procedures.
• Mentor and train Power System Traders. Partner with management and Lead Power System Traders to ensure new Balancing Authority Operators are proficient in required knowledge and tasks.

Minimum Requirements

• BS or BA in business, economics, mathematics, engineering, or equivalent work experience.
• Minimum 5 years' experience in utility operations or 2 years' experience in power system balancing and trading.
• Working knowledge of power systems operations and energy industry structure and market.
• NERC certification required.

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: $110,700.00 to $157,167.00 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.

Deadline to Apply: 05/02/24

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