Load Forecasting Specialist

PSEG•Hicksville, NY

16h•Hybrid

About The Position

This position provides analytical support to PSEG Long Island’s Power System Management organization by developing forecasts of electricity use for 1.1 million Long Island customers. The service territory has annual sales of over 18,000 GWH and a summer peak load of 5,400 MW. The role involves working with Power Markets and colleagues in Finance, Energy Efficiency, and Electric Operations, as well as the Long Island Power Authority (LIPA), New York Independent System Operator (NYISO), and New York State Department of Public Service (DPS). The work ranges from analyzing and explaining customer electric use to leading coordination with other PSEG Long Island organizations on financial, resource, and reliability planning. The successful candidate is expected to become a subject matter expert and be able to coach and lead others. The role is hybrid, with at least three onsite days per week required under the company’s hybrid work policy. During storm or outage restoration efforts, employees may be required to perform different functions, work extended hours, and work onsite or at an alternate location as directed.

Requirements

Bachelor’s degree in Mathematics, Economics, Engineering, Computer Science, or a similar quantitative major.
At least 3 years of experience in quantitative analysis.
At least 3 years of utility-industry experience, such as working for an electric investor-owned or public utility, a company participating in electric power markets, as a consultant to a public or private utility, or in a similarly situated government policy or regulatory body.
Skill in regression analysis.
Demonstrated ability to design and use complex spreadsheets.
Proficiency in MS Office tools.
Excellent interpersonal, verbal, and written communication skills.
Programming skills in SAS or similar statistical analysis software.

Nice To Haves

Master’s degree.
Excellent analytical skills and 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 ability to manage complicated processes.

Responsibilities

Monitor electricity use, weather, economic, and demographic results and develop variance analyses for monthly reporting to PSEG Long Island, LIPA, and DPS.
Participate on NYISO’s Load Forecasting Task Force to help ensure compliance with federal, regional, and New York State reliability requirements.
Prepare written testimony and exhibits supporting PSEG Long Island’s load forecast for DPS Rate Cases.
Respond to federal, regional, state, and local authority requests for historical and forecasted utility data and analyses.
Develop regression models for weather normalization and probabilistic distribution of System Peak Demand.
Create spatial load, load pocket, feeder, and extreme-weather forecast projections in support of Distributed System Implementation Plan goals under the New York State DPS Reforming the Energy Vision initiative.
Prepare operational analyses and recommendations for deployment of real-time peak load reduction programs.
Support regulatory proceedings and forecast requirements for Fuel & Purchase Power Cost Projections, Capital Budgets, the PSEG Long Island Integrated Resource Plan, LIPA Financing & Securitization, and ISO filings including FERC 715.
Develop hourly electric load simulations for economic dispatch production cost modeling.
Provide applied mathematics expertise to other PSEG Long Island organizations.
Become a subject matter expert and coach and lead others.