Generation Model Analyst - SPS

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

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

Essential Responsibilities

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.

This role is able to be hired at either of the levels listed below

Associate Generation Model Analyst - ($84,900 to $120,566)

Minimum 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.

Generation Model Analyst - ($97,600 to $138,600)

Minimum Requirements

Bachelor's of Science or Bachelor's of Arts degree in engineering, mathematics, physics, quantitative analysis, business or a related discipline, OR equivalent experience.

At least 5 years of experience in analyzing generation and transaction costs using financial tools/production simulation software.

Must have advanced quantitative analysis skills and extensive knowledge in the systems and software required for such analyses.

Preferred Characteristics

Previous PLEXOS experience

Strong Excel experience

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.

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: $84,900.00 to $120,566.66 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: 07/26/26

All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.

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.