This job is responsible for creating long-term and short-term forecasts and position reports within the electric power industry.
This position is for a Lead Load Forecaster in the Economics, Rates, and Business Planning Department. The Lead Load Forecaster is primarily responsible for developing long-term forecasts of electric sales, peak demand, and customer count, and other econometric regression type analyses for PSE clients. The position requires skills in data analysis and familiarity with economics and statistics.
The Lead Load Forecaster conducts quantitative analytical work in support of various client projects. This role includes the development of proposals in response to request for proposals; establishment of a project plan and management of that plan, development of data needs and management of procuring such data; development of long-range load forecasts; development and implement load forecasting methodologies and processes, and development of relationships with clients to ensure appropriateness of deliverables and that needs are being met or exceeded.
The Lead Load Forecaster develops, presents, and defends the organization's Long-Term Load Forecasts; also assists in the development and the analytics of the organization's Short-Term Load Forecasting for use in a variety of applications which may include behavior response programs, distributed energy resource dispatching, conservation voltage reduction programs, etc.
Develops, prepares, reviews, and interprets long term load forecasting models on behalf of PSE clients.
Analyzes accuracy and effectiveness of load profiles and recommends improvements.
Monitors and analyzes load forecast accuracy, finds causes of load forecast errors and performs load forecast variance reporting.
Prepares presentations and reports for clients.
Leads efforts to review and validate data inputs into the long-term forecasting model and works with other internal team members and/or client staff to correct data errors.
Supports automation efforts to import all data into load forecasting models.
Monitors and is proactively managing data availability and technology developments that can improve the efficiency and accuracy of load forecasting models.
Analyzes data using existing advanced models and analytical tools or develops new models and tools to develop reports, statistics, trends, and profiles. Validates basic tools.
Prepares analysis in support of emerging issues, load forecasts, peak forecast, market dynamics and economic trends.
Conducts quantitative, theoretical, and policy research related to electric load forecasts and identifies applicability for use in PSE forecasts for clients.
Supports various practice areas throughout the company with forecasting analysis.
Responds to time-sensitive requests for quantitative and qualitative analysis of rate and load forecast scenarios.
Obtains and maintains accurate economic, demographic data, and hourly metering load data for use in various studies.
Develops and coordinates various methodologies whereas the Long-Term or Short-Term Forecasts may be adjusted to different clients and for different purposes.
Performs other job-related duties as assigned.
The following are minimum requirements of this position.
Bachelor’s Degree in Economics, Statistics, Mathematics, Data Science, Business, or similar field.
MBA or graduate degree preferred.
Two -five years + of forecasting, analytical, or relevant experience.
Advanced understanding of statistics, regression, cross sectional, and time series data analyses.
Strong interpersonal and team collaboration skills.
Strong written and verbal communication skills.
Advanced prioritization and project management skills to effectively manage multiple assignments or a project with demanding time constraints.
Strong skills in Microsoft Excel, Word and PowerPoint.
Strong skills in analytical software / language, such as EViews, R, SAS, STATA or equivalent.
Strong problem solving, decision making, quantitative and analytical skills to analyze and interpret data.
Knowledge of policy development, load and demand forecasting, revenue requirements, rates or accounting, pricing, tariffs theory & practice, energy markets and customer data analysis.
Good knowledge of the utility and energy industry working lines of business including generation, transmission, distribution and customer services.
Basic understanding of finance and accounting principles and terms.
Knowledge of process improvement methods and techniques or change management.
About Power System Engineering, Inc.
Founded in 1974, Power System Engineering (PSE) has been providing professional engineering and consulting services for more than 40 years. Serving the electric utility, energy, agricultural and industrial sectors throughout North America, we are making a difference by uniting innovative solutions with proven approaches that bridge today’s framework to tomorrow’s comprehensive infrastructure and platform required for a stronger economy, a sustainable future, and a better way of life. Our team consists of engineers, economists, consultants, analysts, and technicians who share the values of client relationships, colleagues, integrity, opportunity, safety, and community.
We are forward-thinking professionals helping clients and colleagues achieve their goals.