Senior Portfolio Manager, Regulated Power
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Key skills for this role
About the Role
NRG Energy seeks a Senior Portfolio Manager to manage the Regulated Power portfolio in compliance with the AUC-approved Energy Price Setting Plan. You will procure and trade electricity in Alberta Power Markets, develop pricing models, and support regulatory proceedings.
Key Skills for This Role
Responsibilities
- Design and implement the Energy Price Setting Plan (EPSP)
- Develop and maintain pricing and financial models supporting regulated rates
- Support regulatory proceedings, including AUC testimony, engagement with intervenors, and preparation of MSA financial assessments
- Ensure ongoing compliance with the EPSP and the Rate of Last Resort (ROLR) Regulation
- Own the performance and day to day management of the regulated power portfolio
- Identify and manage financial and market risks inherent to Alberta's retail electricity market
- Design and execute EPSP and corporate compliant hedging and risk mitigation strategies
- Procure and trade electricity to meet forecasted regulated customer demand
- Execute transactions across Alberta wholesale markets using electronic platforms, OTC trades, bilateral counterparties, and RFP processes
- Monitor Alberta power fundamentals, market developments, and emerging trends
- Consolidate hourly pricing and volume data to track settled energy revenues, costs, and P&L
- Develop future P&L projections and budgets using forward market prices, volume forecasts, and cost estimates
Requirements
- Bachelor's degree in Economics, Finance, Mathematics, Electrical Engineering, Computer Science, or a related quantitative discipline
- 10–25 years of progressive experience in energy markets
- Deep knowledge of Alberta power markets and trading fundamentals
- Strong financial acumen, including profit & loss management and income statements
- Demonstrated experience as a power trader or portfolio manager
- Credibility and experience to act as an expert witness in regulatory proceedings
Full Job Posting
Job Summary
- The Senior Portfolio Manager will manage all aspects of the Regulated Power portfolio while operating in compliance with the AUC approved Energy Price Setting Plan (EPSP). This role will procure and trade electricity in the Alberta Power Markets for the purposes of portfolio optimization and risk mi
Essential Duties/Responsibilities
- Design and Implementation of the Energy Price Setting Plan: Be a key participant in the planning, development, and implementation of the EPSP.
- Develop and maintain pricing and financial models supporting regulated rates.
- Support regulatory proceedings, including AUC testimony, engagement with intervenors, and preparation of MSA financial assessments.
- Ensure ongoing compliance with the EPSP and the Rate of Last Resort (ROLR) Regulation throughout its term.
- Portfolio Management: Own the performance and day to day management of the regulated power portfolio.
- Identify and manage financial and market risks inherent to Alberta's retail electricity market.
- Design and execute EPSP and corporate compliant hedging and risk mitigation strategies.
- Procure and trade electricity to meet forecasted regulated customer demand.
- Execute transactions across Alberta wholesale markets using electronic platforms, OTC trades, bilateral counterparties, and RFP processes.
- Monitor Alberta power fundamentals, market developments, and emerging trends.
- Financial Reporting & Forecasting: Consolidate hourly pricing and volume data to track settled energy revenues, costs, and P&L.
- Develop future P&L projections and budgets using forward market prices, volume forecasts, and cost estimates.
Minimum Requirements
- Bachelor's degree in Economics, Finance, Mathematics, Electrical Engineering, Computer Science, or a related quantitative discipline.
- 10–25 years of progressive experience in energy markets.
- Deep knowledge of Alberta power markets and trading fundamentals.
- Strong financial acumen, including profit & loss management and income statements.
- Demonstrated experience as a power trader or portfolio manager.
Core Competencies and Leadership Attributes
- Strategic and analytical thinker with a strong execution mindset.
- High level of judgment, accountability, and comfort operating in dynamic environments.
- Ability to work independently with minimal direction.
- Strong stakeholder management and influencing skills.
- Exceptional written and verbal communication skills; able to explain complex concepts clearly.
- Credibility and experience to act as an expert witness in regulatory proceedings.
- Superior analytical and problem solving skills.
Working Conditions
- Full time preferred (part time may be considered).
- Remote or hybrid work arrangement.
- Open office environment when on site.
- Occasional travel may be required.
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