Market Forecasting Analyst - Toronto, Canada - Ontario Power Generation

Ontario Power Generation

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Location:
Toronto, ON, CA, M5G 1Z5
Req ID:46438- #LI-Hybrid
Status: Regular Full Time
Working Conditions: Hybrid Working Environment
Education Level:4- Year University Degree
Location:
Toronto, ON
Shifts(s): Days
Travel: Yes

10%
Deadline to Apply:April 28th, 2024
Electrify your career and help build a brighter tomorrow.
Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and changemakers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.
Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on and off the job.
ACCOMMODATIONS
JOB OVERVIEW
Ontario Power Generation (OPG) is looking for a dynamic, strategic and resultsdriven professional to join our team in the role of
Market Forecasting Analyst.
Reporting to the Senior Manager, Commercial Operations Support; this position is responsible to assist in preparing load and weather (incl. wind/solar) forecasts, conduct analysis of related data and provide written and verbal commentaries to Operations.
Key accountabilities include assisting and performing analysis and review of related data for the preparation of Market forecasts and guidance to Operations.
This is an exciting opportunity to work in an environment where you will contribute to OPG's public outreach, engagement and education efforts as part of the company's commitment to growing its social license.
KEY ACCOUNTABILITIES
Prepare daily forecasts of shortterm electricity demand in the electricity markets/control areas/zones in which OPG does business in. Regularly brief OPG staff on forecasts.
Evaluate shortterm electricity demand forecasts prepared by the Independent System Operators (ISOs) in the electricity markets/control areas/zones in which OPG does business in, and identify potential discrepancies relative to proprietary shortterm demand forecasts.
Assist in appraising publicly and commercially available weather model predictions and providing shortterm forecasts and assessments of potential weather impacts on OPG operations, specifically from but not exclusive to:
Wind generation in the electricity markets/control areas/zones in which OPG does business in;
Solar generation in the electricity markets/control areas/zones in which OPG does business in;
Algae and debris run risks for nuclear and/or thermal generation
Extreme weather in the electricity markets/control areas/zones in which OPG does business in;
Anomalous precipitation risks for hydroelectric generation
Conduct analysis of shortterm electricity demand drivers and provide assessments of weather based demand response in the electricity markets/control areas/zones in which OPG does business in.
Provide information, as required, to support operational decision making
Remain current with the methods used for short term electricity demand and weather forecasting; provide recommendations to management on their potential for adding value to OPG operations.
Participate in research studies or electricity sector working groups on forecasting of electricity demand and weather and provide technical guidance, as required.
Assist with specialized technical assignments, as required.

EDUCATION

Year University Degree (Meteorology, Atmospheric Physics, Econometrics, Economics, Math, Physics, Engineering or an equivalent field)

QUALIFICATIONS

Ability to work in effectively and efficiently in a flexible hybrid office environment.
Requires experience or knowledge of the electric utility business, to be familiar with the inherent factors and problems influencing energy use, production, and transmission.
Requires experience or knowledge to be familiar with the evolving electricity marketplace in Ontario and neighboring power systems, as well as the interrelationship of groups in the Business Unit and OPG as a whole.
Requires experience in consulting with management, preparing various forecasts and undertaking studies related to economic or energy market issues.
Requires experience in the collection of data and the development and maintenance of databases for use as the primary information source for market analysis, forecasting, risk analysis and alternative scenarios.
Requires experience with or knowledge of econometric/statistical models. Experience in interpretation of weather prediction models, analysis of shortterm electricity demand drivers and weatherbased demand response in power markets, econometric modeling, etc.
A period of over 6 years and up to and including 8 years is considered necessary to gain this experience.
What Makes a Career at OPG Different?
As Ontario's largest clean energy generator, we're building, expanding, and innovating the equipment and technology t