Energy Trader

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 youre looking for.

This role primarily supports physical system coverage and portfolio optimization for a regulated utility with trading activities focused on cost minimization reliability and term load serving positions.

Position Summary

Responsible for energy (electricity) purchases and sales from balance-of-the-day to 18 months in advance to maximize Xcel revenues and reduce system costs. Identifies and analyzes technical and fundamental factors affecting market prices system costs basis and availability of power supply and transmission. Profitably trades a combination of ISO markets OTC forwards & virtual/ congestion products to generate trading margins for Xcel Energy proprietary trading.

Essential Responsibilities

• Profitably engages in the proprietary trading of physical and financial energy products. Must operate within defined risk parameters with a maximum transaction length of 18 months. Develop and implement trading strategies that capture inefficiencies of the market as the result of pricing disparity congestion and binding constraints.

• Develops and maintains business relationships with other market participants that provide market knowledge and increased trading profitability. Monitors changes in the industry that would affect the profitability of Xcel Energy. Works closely with Origination in order to help develop structured energy products needed by Xcel Energy customers.

• Performs technical and fundamental analysis of futures and forward physical market prices to develop a view of the market for Trading and Origination. Uses analytical skills to provide pricing support for risk management and other trading staff as needed.

• Manage the natural electric position of the Xcel Energy regulated operating companies through the use of financial physical and structured trading products. Operates in both electric markets and natural gas markets. Executes trades with durations ranging from balance-of-the-day to 18 months in duration in both the physical and financial energy markets. Leverages Xcel Energy regulated operating company assets to create additional profitable purchase and resale opportunities.

Minimum Requirements

• BS or BA preferably with emphasis in marketing business or technical studies with a minimum of two years of related experience.

• Two years profitable experience in trading in one or more of the ISOs to include physical and financial OTC instruments options and/or virtual/up-to-congestion/point-to-point products.

• Additional requirements are dependent upon the energy market to which the Energy Trader is assigned.

Preferred Requirements

• Experience managing a utility or load-serving entity (LSE) position in bi-lateral and organized markets including balancing system requirements generation dispatch and market purchases/sales.

• Demonstrated experience executing day-ahead real-time and balance-of-month transactions to support physical system needs and optimize portfolio costs.

• Working knowledge of ISO/RTO market structures (e.g. SPP MISO PJM WECC) including market rules settlement constructs and operational requirements.

• Ability to translate ISO tariff rules market design changes and operating procedures into actionable trading strategies and impacts to system operations.

• Experience coordinating across Trading Generation Fuels and Operations to align commercial activity with physical system constraints and reliability needs.

• Strong attention to detail with a proven ability to manage trade capture confirmations and position accuracy in fast-moving market environments.

• Experience managing physical and financial positions in a cost-optimization / hedging framework rather than purely speculative trading.

• Familiarity with congestion basis and locational pricing dynamics particularly as they relate to serving load and managing a generation portfolio.

• Demonstrated ability to operate in a risk-controlled environment prioritizing system coverage compliance and cost minimization.

• Exposure to proprietary trading strategies is a plus but experience supporting core system coverage and portfolio management is strongly preferred.

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 youre 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 .

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.

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

All Xcel Energy employees and contractors share responsibility for protecting the companys information and systems by adhering to cybersecurity policies standards and best practices recognizing that cybersecurity is everyones responsibility.

ACCESSIBILITY STATEMENT

Xcel Energy endeavors to make 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 This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.