Load Forecasting Specialist

PSEG Long Island•Town of Oyster Bay, NY

6d•$67,200 - $106,400•Hybrid

About The Position

This position provides analytical support to the Power System Management organization, which includes developing forecasts of electricity use for 1.1 million Long Island customers with annual sales of over 18,000 GWH and a summer peak load of 5,400 MW. Candidates will interact with all members of Power Markets as well as colleagues in Finance, Energy Efficiency, Electric Operations and with Long Island Power Authority (LIPA), New York Independent System Operator (NYISO) and New York State Department of Public Service (DPS). The range of activities for this position may run from analyzing and explaining customer electric use to acting as lead with other PSEG Long Island organizations for financial, resource and reliability planning. The candidate is expected to become the subject matter expert (SME) and to be able to coach and lead others.

Requirements

Bachelor's degree in Mathematics, Economics, Engineering, Computer Science, or a similar quantitative major
Minimum of 3 years’ experience in quantitative analysis, with at least three years’ experience with the utility industry, working for an electric investor-owned or public utility company, a company participating in the electric power markets, as a consultant to a public or private utility, or a similarly situated government policy or regulatory body
Must have skill in regression analysis
Demonstrated ability to design and use complex spreadsheets
Proficient in MS Office Tools
Must have excellent interpersonal, verbal and written communication skills
Proficient programming skills in SAS or similar statistical analysis software

Nice To Haves

Master’s Degree preferred
Excellent analytical skills and the ability to identify trends and relationships in data
Conceptual thinking and creative problem solving abilities
Capacity to manage multiple projects and meet deadlines
Convincing oral and written communication skills and the ability to manage complicated processes

Responsibilities

Monitor electricity use, weather, economic and demographic results and develop variance analyses for reporting to PSEGLI, LIPA and DPS each month.
Participate on the NYISO's Load Forecasting Task Force (LFTF) to ensure compliance with federal, regional and New York State regulatory requirements for reliability
Prepare written testimony and exhibits supporting PSEGLl's load forecast for DPS Rate Cases
Respond to requests from federal, regional, state and local authorities for historical and forecasted utility data and analyses
Develop regression models for the weather normalization and probabilistic distribution of System Peak Demand
Create spatial load, load pocket, feeder and extreme weather forecast projections to support of Distributed System Implementation Plan (DSIP) goals under the NYS DPS Reforming the Energy Vision (REV) initiative
Prepare operational analyses and provide recommendations for deployment of real time peak load reduction programs
Support regulatory proceedings and forecast requirements for Fuel & Purchase Power Cost Projections, Capital Budgets, PSEGLI Integrated Resource Plan, LIPA Financing & Securitization and various ISO filings including FERC 715
Develop hourly electric load simulations foreconomic dispatch production cost modeling
Support other PSEG LI organizations by providing expertise in applied mathematics