Trading Analyst Job at Calpine, Houston, TX

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  • Calpine
  • Houston, TX

Job Description

Description

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Job Summary (includes but is not limited to the following, other duties may be assigned)

Supports Calpines trading and risk management activity. Responsible to work with internally and externally to provide the necessary data to build price forecasts for multiple trading markets. These models and inputs include but are not limited to weather, transmission, market fundamentals, gas/power constraints, renewables, battery dispatch, carbon cost, fuel prices, and load. Analyst will be responsible for creating, maintaining, and running fundamental models used to give short-term and long-term pricing forecasts. Analyst will be responsible for short-term and long-term statistical trading models as well as incorporating changes in market fundamentals and structures. Analyst will also play a large role in power plant dispatch decisions, hedging recommendations, model development, pricing framework structuring and the annual budget process including tracking the forecasted earnings as they change across time including the actual earnings reconciliation process at settlement.

Job Scope & Technical Excellence

+ Developing deep market knowledge of the intricacies around the economics and risks driving pricing and market behavior

+ Developing use and/or application of the complex principles, theories and concepts integrated into power and gas markets

+ Application of technical skills to build models, manipulate data, and automate processes

Decision Making & Innovation

+ Makes decisions regarding own work within defined parameters

+ Regularly contributes useful ideas for own work area as well as others

+ Thinks broadly about pricing and risk exposures and how to forecast / manage / model

Work Complexity & Independent Judgment

+ Works on problems of defined scope and takes ownership of assigned responsibilities

+ Work often consists of detailed and complex tasks, but normally under the direction of trade floor management

Self-Management & Leadership

+ Little instruction on day-to-day work, general instructions on new assignments

+ May be designated project or technical lead for an ongoing process or short-term project within own department.

Education & Experience

+ Bachelors Degree or equivalent.

+ Typically requires 2-4 years experience mostly concentrated in analytical modeling and performance.

Additional Calpine Information:

+ Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.

+ Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

Please view Equal Employment Opportunity Posters provided by OFCCP here (

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c)

Calpine

Job Tags

Temporary work, For contractors, Flexible hours,

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