Power Forecasting Analyst

Posted 04 April 2019
Salary £38,500 basic + 20% Bonus
LocationLondon
Job type Permanent
Discipline Energy Procurement
ReferencePFA5
Contact NameSam Idle

Job description

The Client

The Green Recruitment Company are working alongside one of the largest and leading international energy suppliers in their search for a Power Forecasting Analyst. The firm has offices on all continents with a reputation second to none.

Job Purpose

Demand Forecasting

  • Development short term demand forecasting methodologies for the European electricity portfolio.  Ensure that models/processes used are accurate and facilitate a timely delivery of data to the Procurement team.
  • Monitoring forecast error, report on forecast performance and perform analysis which will further develop demand forecasting methodologies in order to improve the accuracy of demand forecasts.

System Improvement

  • Suggest improvements to the efficiency and accuracy of existing operational tasks
  • Become the first point of contact with IT, raising faults or suggesting improvements to systems which will enhance the team’s reporting.
  • Conduct User Acceptance Testing and manage the implementation of new data management systems

Management Information Reporting

  • Analyse system prices which may lead to high imbalance costs
  • Explain periods of volatile consumption and subsequent forecast errors if necessary
  • Analyse prompt balancing and outturn Profit & Loss performance

Service

  • Build relationships with the local entity points of contact
  • Answer queries in a timely manner, ensuring that as a member of the central team a high level of service is always delivered

Qualifications / Experience Required:

  • Previous commercial experience, preferably within the electricity industry (desirable – not essential)
  • Degree in a numerate/analytical discipline e.g. Economics, Statistics, Computer Science (essential)
  • Strong analytical ability (essential)
  • Strong communication skills; ability to communicate technical arguments to non-technical audiences (essential)
  • Good knowledge of Microsoft applications, in particular Excel and Access (essential)
  • Knowledge of SQL (desirable)