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Power Forecasting Analyst

Power Forecasting Analyst

  • Location

    London

  • Sector:

    Energy Procurement & Utilities

  • Job type:

    Permanent

  • Salary:

    £38,500 basic + 20% Bonus

  • Contact:

    Sam Idle

  • Contact email:

    sam@greenrecruitmentcompany.com

  • Job ref:

    PFA5

  • Published:

    5 months ago

  • Expiry date:

    2019-09-04

  • Startdate:

    ASAP

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)