Power System Trader

Xcel Energy•Denver, CO

1d•Onsite

About The Position

Xcel Energy is seeking a Power System Trader to coordinate and maintain hourly energy balance between demand requirements and supply resources at the lowest possible cost. This role involves dispatching generation facilities and purchasing power resources with economic consideration to maintain system integrity and meet all reliability requirements established by NERC or other authorities. The trader will develop and maintain an hourly system position, derive economic incremental and avoided cost pricing signals, and maximize economic benefit by identifying trading opportunities in the open market, engaging in financial and bilateral transactions. NERC certification is a requirement for this position. This is not a Remote Work position and requires rotational shifts, including nights, weekends, and at times, holidays.

Requirements

BS or BA in business, economics, mathematics, engineering, or equivalent work experience.
Working knowledge of power systems operations and energy industry structure and market.
NERC certification is a requirement to this position.

Nice To Haves

3 years' experience in power system dispatching.

Responsibilities

Develop an hourly load demand 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.
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.