Xcel Energy

Associate Trading Analyst

LocationDenver, CO
Salary$82,800-$117,600

About This Job

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

Works with Traders and Risk Analytics to develop tools that track and analyze current and anticipated market trends. Performs technical and fundamental analysis of futures and forward physical market prices to develop a view of the market for Trading. Uses analytical skills to provide pricing support for risk management and other trading staff, as needed. Performs daily review of deal capture input to ensure Front Office deal integrity. Utilizes the existing reporting system and/or works with IT to improve or develop a system that accurately identifies input discrepancies. Ensures changes are timely and completed prior daily run of P&L and closing the books at month end. 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 power system portfolios to determine opportunities for efficiency improvements. Submit Xcel Energy'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.
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. Develop 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.
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.
Develop knowledge of regulatory requirements. Identify opportunities to automate solutions for data transfers. Recommend trading strategies based on technical and fundamental market analysis.


Minimum Requirements

Bachelor's degree in mathematics, engineering, applied sciences, or related fields.
Strong computer skills and analytical thinking.


Preferred Requirements

Strong statistical analytical skills are necessary. Must have advanced computer system skills in Excel with strong preference for individuals with Python expertise. Must possess the ability to communicate with all levels of employees and have strong problem-solving skills.

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: $82,800.00 to $117,600.00 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 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: 06/04/25

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

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.

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