Market Forecasting Service Analyst

Location: White Plains, NY, US

Summary

The Market Forecasting Services (MFS) Analyst may work in various distinct areas; short-term forecasting, long-term forecasting, load research, load evaluations, capacity forecasting, energy reconciliation, capacity reconciliation, settlements and various market related analysis. Within these areas, the MFS Analyst leads, assists and/or supports the critical functions necessary for the success of the group. The MFS Analyst develops comprehensive, dynamic, and static forecasts of demand, energy, capacity and coincident peak loads, as well as production sales delivery and New York Independent System Operator (NYISO)-related bids and bilateral transactions for all of NYPA’s customers. The MFS Analyst manages all of the load and capacity transactions within the NYISO marketplace. MFS serves as the authoritative source for all customer load and capacity related data associated with the aforementioned transactions for internal and external stakeholders.

Responsibilities

  • Support the execution of all existing Short Term Load Forecasting (STLF) system functions related to the development and improvement of fourteen-day ahead hourly Day-Ahead Market (DAM) forecasts. This includes scheduling all hourly NYISO load bids, fixed bids and bilateral transactions for all Load Serving Entity (LSE) and Non-LSE loads. This also includes regression analysis, R-Squared analysis, T-Stat analysis, and Standard Error Analysis. Perform weather normalization/load growth studies, and provide supporting variance analysis, monthly balancing summaries with graphs, and reports for Senior Analysts/Management review. This also includes insuring Scheduling procedures are in compliance with contracts, Tariffs and NYISO market rules.
  • Perform Trend Research on factors impacting NYPA’s portfolio and develop forecasting assumptions
  • Review/Challenge all NYISO Load Invoicing for billing errors or abnormal load reconciliations. Includes coordinating between the NYISO and Transmission Owners.
  • Be “on call” for a rotational shift basis, to provide after-hours support monitoring forecast/scheduling for variances over weekends or holidays due to shifts in forecasted weather or anomalous load shifting events.   
    • Note: This function is considered to be part of the core responsibilities across all analysts.
  • Assist and support all internal/external stakeholders for all LSE & non-LSE customer load related matters, inquiries and analytics.
  • Support the execution of all existing Long Term Market Forecasting (LTMF) functions for use in the Operating Forecast, Cost of Service and Long-Range Financial Plan (OF and LRFP) related to ten-year ahead monthly by compiling sales data and updating forecast templates for review with the MFS team and the primary LTMF analyst. This includes both forecasting systems as well as manual modeling.
  • Assist in the load evaluation process by the utilization and input of data into various systems. 
  • Collaborate with other NYPA departments to resolve scheduling and settlement issues to ensure appropriate customer billing.
  • Evaluate and validate market settlements for NYPA’s portfolio.

Knowledge, Skills and Abilities

  • Strong analytical background in Economics, Finance, and Accounting is preferred
  • Proficient in Microsoft Office Suite, specifically in Excel and database skills. Proficiency in Tableau is preferred
  • Strong written and oral communication skills
  • Interface with internal groups, stakeholders, consultants, and outside agencies
  • Propose solutions to given problems, and implement strategies to react to a changing environment
  • Prioritize work, multi-task, and self-start
  • Good understanding of Utility Load Forecasting practices for energy and/or capacity
  • Work with minimal supervision to make decisions that impact the business and assist in the development of policies surrounding forecasting and settlement
  • Basic understanding of New York Independent System Operator (NYISO), and NYPA’s role in the NYISO marketplace

Education, Experience and Certifications

  • Bachelor’s degree in Business, Economics, Marketing, Finance, Accounting, or a related discipline
  • Minimum of 4 years of related experience in an analytical role
  • Minimum of 4 years of Utility-related experience is preferred
  • Advanced degree in Marketing, Economics, Finance or an MBA is preferred

Physical Requirements

  • Must be available to travel between various NYPA/customer locations when necessary.  The traveling frequency would be ~ 10 times per year.
  • Must be available for “on call” rotation.

 

The New York Power Authority is an Equal Opportunity Employer                       


Nearest Major Market: White Plains
Nearest Secondary Market: New York City