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Junior Forecasting Analyst (FTC 12 months)

Location:
Hybrid
Salary Details:
£25,000 - £27,000
28 Jan 2022
About The Role

This is an exciting opportunity to join the Forecasting Team within Ecotricity’s Trading Department. 

The key responsibilities include:

  • The production and reporting of operational electricity and gas demand forecasts, including but not limited to; short-term, long-term, and compliance forecasts as required. For delivery to both internal and external stakeholders.
  • Operate and contribute to the development and maintenance of the electricity and gas demand and generation forecasting systems.
  • Consider the quality assurance of the forecasts, work with and develop reports to support robust system operation.
  • Assist in the development of new systems and advancement of forecasting methodologies.
  • Provide support to the wider team in the form of analyses, reports, documentation, and system maintenance.


The position is an ideal role for someone who is analytically minded, enjoys operating and developing complex analytical systems and interpreting data trends. The candidate should be competent in data management and analysis, and comfortable working in a fast paced, dynamic environment in which organising and prioritising workload will be a key challenge. The candidate should also be a team player, with a high level of organisation and communication skills. They will build and maintain quality relationships within the Trading team, other internal departments at Ecotricity and external organisations. Furthermore, the candidate will be responsible for developing themselves as an Analyst within the Energy Industry and will be expected to maintain good industry knowledge and attend relevant events and training.

 Department 

The Forecasting Team is part of the wider Trading function. Key capabilities of the Forecasting Team include the provision of accurate forecasts of the electricity and gas demand of Ecotricity’s customer base as well as supporting the forecasting of electricity generation from the company’s portfolio of internal and PPA wind, solar and hydro sites.

In addition to the capabilities provided by the Forecasting Team the Trading Dept. is also responsible for the buying and selling of wholesale gas and electricity and renewable certificates for Ecotricity customers, for energy market analysis, tariff and pricing creation. 

The continued evolution of the energy industry, changes in regulation, consumer behaviours and integration of new technologies means there are always new and exciting challenges around the corner. 

Overall Responsibilities

  • Operate and contribute to the development of the electricity and gas demand forecasting systems using SQL, Python, Matlab and Excel
  • Provide industry compliance forecasts to Elexon and National Grid
  • Maintain and contribute to the development of the generation forecasting systems
  • Review and minimise risks associated with the forecasting processes
  • Maintain the integration of the forecasts with the trading database
  • Monitor and provide reporting of forecasting performance across power, gas and generation
  • Assist the Regulation and Compliance team as and when deemed necessary
  • Build relationships, and liaise with internal and external stakeholders (other departments, industry bodies, software providers etc.)
  • Provide management information and provide support for trading group projects as and when required
About You

Skill Set Required

  • Strong analytical and statistical skills
  • Experience of modelling – preferably using Machine or Deep learning
  • High attention to detail
  • Excellent problem solving skills
  • Proficiency with MS Office, Excel, SQL to support use of systems and tools
  • Ability to learn quickly and innovate
  • Team player, flexible, proactive and self-motivated
  • Capability to work with large database sets
  • Good organisational and effective time management skills
  • Excellent verbal, written and presentational communication skills
  • Excellent documentation and reporting skills

    Educational Requirements

  • A 2:1 degree or higher in Mathematics, Engineering, Physical or Environmental science
  • New graduates considered
  • Additional Skills and Experience Desired
  • Knowledge and understanding of the energy industry in the UK
  • Understanding of the main drivers of demand and generation
  • Experience in computer modelling (e.g. Matlab or equivalent) is a plus
  • Experience of operating and developing large computing systems.
  • SQL, Python and Matlab knowledge would be a strong advantage
  • Knowledge of PowerBi and DAX would also be beneficial
  • Previous experience of forecasting within the energy industry
  • Interest in the renewable energy field
About Us

Ecotricity is Britain’s greenest energy company. When we started back in 1995, we were the first company in the world to supply a new kind of electricity – the green kind.

Our mission was and remains to change the way energy is made and used in Britain – by replacing fossil fuels with clean, renewable energy.  

We don’t just supply green energy, we use the money from our customers’ bills to make it ourselves too – we build windmills and sun parks in Britain. We call this ‘bills into mills’. In 2021, we’re starting work on building two new solar parks, and in 2022 we’re bringing geothermal energy to our customers’ fuel mix, a first in the UK. We’re also developing green gas mills which will generate 100% green gas from a source that will never run out – grass.  

We don’t just focus on energy though – we built the Electric Highway, Britain’s leading network of electric vehicle charge points, we helped Forest Green Rovers become the greenest football club in the world, and, in partnership with RSPB, we launched Britain’s greenest mobile phone service, Ecotalk + RSPB.