Power Trader

About the position

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. The Trader position involves buying and selling energy, primarily in the intermediate-term power and gas markets, to maximize profitability while ensuring alignment with Calpine's portfolio strategy, market rules, asset capabilities, and risk tolerance. The role requires monitoring variables such as supply/demand, weather, infrastructure development, and structural risks that influence pricing, availability, and reliability of power sources. The Trader is responsible for analyzing and reacting to current market and competitive conditions by executing trades and optimizing the dispatch for power and gas assets. This includes supporting the identification of excess/shortage supply conditions, market constraints, and their influence on pricing for power, natural gas, and capacity under current market rules.

Responsibilities

• Buys and sells energy in the intermediate-term power and gas markets.
• Monitors supply/demand, weather, infrastructure development, and structural risks that influence pricing.
• Responsible for monitoring market prices and interacting with market participants to execute trades.
• Analyzes and reacts to current market and competitive conditions by executing trades and optimizing dispatch for power and gas assets.
• Supports the identification of excess/shortage supply conditions and market constraints.
• Analyzes and evaluates complex energy transactions to ensure favorable terms for the company.

Requirements

• Minimum 60 semester hours of college coursework in Business, Mathematics, Applied Statistics, Accounting, Economics or equivalent; Bachelor's Degree preferred.
• 2-5 years of power trading experience including knowledge of trading tools, indices, and pricing techniques.
• Strong mathematical and organizational skills.
• Intermediate to advanced Excel/spreadsheet/database skills.