Volunteer Calpine Energy Jobs (NOW HIRING)

Calpine, a business unit of Constellation Energy Corporation (Nasdaq: CEG), is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpine’s fleet has the capacity to generate approximately 27,000 MW of electricity – enough to power approximately 27 million homes. 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)

The Commodity Data Analyst is primarily responsible for pricing, data management/analysis as well as regulatory & market coverage for retail RPS transactions in competitive markets. This position will interface with the commercial team on a broad range of key issues related to retail and wholesale commodity transactions, sales, reporting, regulatory changes, etc.

The Commodity Data Analyst is primarily responsible for managing the Renewable Energy Credit (REC) exposure arising from Champion Energy’s, North American Power’s, and Calpine Energy Solutions sale of retail power. They must have a strong understanding of all state-mandated Renewable Portfolio Standards. Furthermore, the position is responsible for accurately capturing/reporting net open positions and execution of wholesale hedges to manage positions within the Company’s compliance limits.

Job Responsibilities

• Enhance and maintain accurate RPS position reports for all of Calpine’s retail business units which automatically incorporate updated load obligations, provide for visibility into daily changes, and contain high-level summaries for management review
• Manage the physical flow and settlement of RPS, Voluntary RECs and Carbon Offsets.
• Work with Accounting and Settlements to reconcile RPS cost allocations between bundled and pass-through customers following annual compliance filings.
• Develop and maintain automated process of calculating monthly RPS pass-through rates for billing purposes.
• Assist with the development of appropriate business processes to manage Champion’s and North American Power’s Carbon Offset and voluntary REC obligations and wholesale positions, as well as preparing documentation for annual compliance and audits.
• Prepare RECs for retirement in accordance with the yearly RPS compliance obligations.
• Work with Operations and Deal Capture to optimize REC positions via banking.
• Perform data preparation, load analysis, and investigate data issues for new and existing customers in a timely manner.
• Prepare pricing for basic retail structures such as load following and block products for new and existing customers.
• Communicate executable and indicative pricing for Sales timely and accurately.
• Functional user of Intelometry/InRetail system
• Become proficient in functional product knowledge (i.e., CES product suite, pricing components and settlement capability) and be able to articulate CES product characteristics to Sales.
• Respond to inquiries from Back Office in a timely manner to ensure accurate customer settlement.
• Provide basic ad-hoc analysis and reporting as needed (e.g., look-back analysis)
• Work closely with accounting to facilitate payments and contract validation for REC trades.
• Collaborate with Structuring and Sales in order to take advantage of opportunities that arise from regulatory and/or market conditions.
• Update contract addenda templates to accommodate product, market, and legal changes.
• Maintain and update existing power and gas products in the pricing system consistent with changes to the contracts and create new products as necessary
• Perform daily price checks, monthly roll-forwards, and new segmentation set up for the matrix product in support of the ESCO business
• Test the implementation of new pricing application features in the stage version of the application and provide support during application rollouts
• Maintain a current commercial understanding of regional/local tariffs and tariff rule structures and provide savings and impact analysis for Desk(s) and SalesResponsible for timely and accurate completion of Retail Deal tickets and Risk Summaries for retail deal capture and risk reporting of transaction.
• Work with Enrollments to ensure customer meters are correctly identified and enrolled pursuant to contract terms and ensure all workflow related items are completed.
• Working understanding of Billing and Settlements processes
• Work with Analytics team as directed to resolve issues for existing customers who need to be restructured.
• Perform testing for new and existing product configurations in InRetail as directed and report testing results back to Commodity Structuring Lead.
• Actively monitor third-party regulatory emails, ISO websites and industry contacts to identify proposed changes to regulatory policy, which may influence overall position and forward curves.
• Work closely with regulatory staff in order to maintain an expert understanding of regional regulatory framework at a State and ISO level to determine how these variables will affect retail product pricing and contractual risks.
• Incorporate regulatory knowledge/opinions into price curves accordingly and communicate pricing impacts of proposed changes to Structuring and Sales.
• Work with legal and regulatory group to draft contract language that manage Solutions’ potential exposure to future costs as the result of market and regulatory uncertainty.

Job Requirements

• Must demonstrate strong quantitative, analytical and problem-solving skills with an emphasis on attention to detail and approachability throughout the organization.
• Ability to manage multiple assignments and meet deadlines on a timely basis with a high degree of accuracy.
• Effective communication skills both written and oral.
• Proficient computer skills with an emphasis on Excel, Word, Outlook, Sharepoint, and other internal systems.
• Basic understanding of financial and physical RPS trading markets. Experience in PJM, ISO-NE, NYISO, ERCOT and CAISO is preferred.
• Functional understanding of state Renewable Portfolio Standards in PJM, ISO-NE, NYISO, ERCOT and CAISO
• Bachelor's degree in business, finance or technical discipline required

Salary Range 

• San Diego, CA: $70,304.00 to $88,449.38
• Houston, TX: $52,144.00 to $76,912.00

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