Senior Load Forecast Analyst I

Central Electric Power Cooperative Inc; Columbia (SC); On-site; USD 85,000 - 110,000; Full time

Job summary

Central Electric Power Cooperative Inc in Columbia, SC is seeking a forecasting analyst to provide a wide range of forecasting and business planning support. You will manage databases, develop delivery point forecasts, and deliver reports to stakeholders.

The role requires strong quantitative analysis, econometric skills, and proficiency in Excel, with experience in utility load forecasting and regression models.

Qualifications

• Bachelor’s degree in business, economics, engineering, or mathematics.
• 5 years prior experience in utility load forecasting.
• Experience with linear regression models.
• Strong Excel skills.

Responsibilities

• Prepares Central’s load forecast using econometric analysis and presents the forecast to stakeholders.
• Updates annually substation-level forecasts and ensures alignment with transmission plans.
• Creates/ reviews databases for annual system load forecast and provides data to wholesale suppliers.
• Maintains the CoopData database used for load forecast data and planning.
• Monitors Reserve Margin Analysis and capacity status of the Joint System.
• Coordinates information sharing between wholesale suppliers and Central staff.
• Provides analytical support to Central and Member Cooperatives.
• Ensures forecasting databases are maintained for all projects.

Skills

Quantitative analysis

Formal presentation

Technical writing

Deadline-driven

Collaborative skills

Excel proficiency

Econometrics

Education

Bachelor’s degree in business, economics, engineering, or mathematics

Tools

SAE forecasting

Itron Metrix

Job description

Position Summary:

Provides a wide range of forecasting and other business planning support services to Central and its Member Cooperatives. Provides delivery point forecasts. Manages the development and maintenance of a wide range of databases used in the preparation of forecasting and other services.

Essential Duties and Responsibilities:

1. Prepares Central’s load forecast. Work consists of extensive econometric analysis, producing the forecast, generating the final report, and presentation of the forecast to a wide variety of stakeholders. Utilizes skills in modeling and regression analysis to assist staff in forecast preparation.
2. Updates annually substation level forecasts. Reviews modeling requirements and evaluates new facilities to be included in system models. Ensures that transmission service plans are coordinated with load forecast data.
3. Creates and/or reviews database required for the annual system load forecast. Provides Central data to wholesale suppliers, review the results of the forecast, and recommends approval to senior management.
4. Updates the CoopData database that is the source of load forecast data for Wholesale Power Costs and Finance Department planning.
5. Maintains Central’s Reserve Margin Analysis, keeping the department up to date on the capacity status of the Santee Cooper/Central Joint System.
6. Coordinates between wholesale suppliers and Central staff to comply with the information sharing provisions.
7. Performs analytical support to Central and Member Cooperatives.
8. Ensures that Central economic, demographic, and load forecasting databases used in all the forecasts stated above and other projects are properly maintained.
9. Performs other incidental and related duties as required and assigned.

Knowledge, Skills and Abilities:

• Strong quantitative analysis skills.
• Good formal presentation and technical writing abilities required.
• Ability to work under pressure and immediate deadlines.
• Strong collaborative skills
• Reports, studies, economic analyses and forecasts all require accuracy and detail.
• Strong internal drive for excellence and service orientation are preferred.
• Experience with SAE forecasting and Itron Metrix products is preferred.

Education and Work Experience:

• Bachelor’s degree in business, economics, engineering, mathematics
• 5 years prior experience in utility load forecasting
• Experience with linear regression models required
• Strong Excel skills required