Generation Model Analyst - SPS

Xcel Energy • Denver, CO

11d

About The Position

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. This role is able to be hired at either of the levels listed below: Associate Generation Model Analyst - ($84,900 to $120,566) Generation Model Analyst - ($97,600 to $138,600). 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.

Requirements

• Bachelor's of Science or Bachelor of Arts degree in engineering, mathematics, physics, quantitative analysis, business or a related discipline, OR equivalent experience.
• At least 3 years equivalent electric utility experience (for Associate Generation Model Analyst).
• At least 5 years of experience in analyzing generation and transaction costs using financial tools/production simulation software (for Generation Model Analyst).
• Must have advanced quantitative analysis skills and extensive knowledge in the systems and software required for such analyses (for Generation Model Analyst).

Nice To Haves

• Previous PLEXOS experience
• Strong Excel experience

Responsibilities

• Prepare and perform budget to meet corporate requirements.
• Prepare and perform risk management analyses of trading activities.
• Prepare probability studies of Xcel Energy's portfolio risks.
• Prepare transaction cost information necessary to perform mark to market and risk determinations.
• Responsible for the maintenance of all necessary data needed to prepare cost forecasts and resource analyses.
• Ensure power systems are accurately modeled in terms of fuel costs, production capability (heat rates, capacity, O&M, etc.) and contract terms.
• Work on developing production budget by incorporating multiple inputs such as forced outage rates, fuel costs, heat rates, capacity upgrades, demand side management, capacity purchases, native demand and energy forecast, future RFP deals, native and non-native transactions, etc.
• Prepare periodic forecasts of portfolio costs, incremental and decremental costs, for seasonal analyses by working closely with Analysts from other business units.
• Perform probability analyses of portfolio risks.
• Independently prepare reports and trading recommendations using forecasts of portfolio costs.
• Review transactions independently from XCEL's Energy Markets to ensure compliance with Risk Management policies.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level