Senior Portfolio Manager, Regulated Power

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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 mitigation.

This role is a key contributor in the development and implementation of the EPSP, working with internal and external stakeholders to achieve those ends.

The individual will be a part of the Strategic Initiatives team and will be closely integrated with the Regulated Go-To-Market team, the Government & Regulatory Affairs group, and the Business Planning & Performance team.

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 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.

• Be able to make timely decisions for effective portfolio management.

• 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.

• Build, maintain, and improve demand forecasting models.

• Analyze near- and long-term electricity-demand drivers using large data sets and quantitative models.

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.

NRG Energy is committed to providing broad access to employment opportunities for diverse job seekers, and to ensuring our workforce represents the diverse communities we serve. We abide by human rights legislation and accommodate applicants and employees in accordance with applicable law.

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DEML employs individuals in the Provinces of Alberta, Ontario, British Columbia, and Saskatchewan. We regret that we will be unable to hire you for this role if your regular remote work location is not within one of these listed provinces. Please reach out to careers@nrg.com if you have any questions.