Tuesday, October 7, 2014

Job Opening at SCE: Price Forecasting Analyst

I'm posting a job for my friends at SCE. If you are interested, please visit SCE career website and search the job number 71008763 to apply.

Price Forecasting Analyst (EMS3)(71008763)

Job Posting : Sep 25, 2014, 12:52:08 PM - Oct 17, 2014, 2:59:00 AM
Primary Location: US-CA-Rosemead


Highly-motivated; likes challenge; collaborative; committed to delivering high quality work… Did we describe you? Read on…

Southern California Edison is one of the nation’s largest investor-owned electric utilities. We are an industry leader that is designing new and innovative ways to meet our customer’s needs. We are looking for highly motivated individuals who enjoy the challenge of working on key industry changing projects. We need your good ideas and your contributions to remain a leader in this industry.

Position Overview:

This position will be in the Portfolio Planning and Analysis department within Southern California Edison’s (SCE) Power Supply Organizational Unit. The successful candidate will work in the Price Forecasting Group within the Demand and Price Forecasting Division by running, maintaining and improving spot price, forward price and volatility forecasting models. The successful candidate will support SCE’s procurement activities in the competitive marketplace for electrical power, greenhouse gas (GHG), natural gas and resource adequacy capacity.

Typical responsibilities include: 

  • Generating and reporting long term price forecasts using existing models.
  • Improving long-term spot and forward natural gas, power, GHG, and capacity price forecasts and volatility models.
  • Supporting the development of price forecasting models for CAISO’s Integrated Forward Market including: Day-Ahead, Real-time, and Ancillary Service price forecasts.
  • Supporting the valuation and procurement of both conventional and renewable resources.
  • Supporting SCE’s Price Curve Team and Statistics Team efforts.
  • Performing risk analysis, conducting the after-the fact analysis, lending analytical support to regulatory filings, writing and presenting reports.
  • Maintaining a safety conscious work environment by following Edison safety protocols and safe work practices.
  • Performing other responsibilities and duties as assigned.


  • Must have experience with statistical, econometric or financial modeling
  • Must have a Bachelor’s Degree Economics, Finance, Statistics, or in a similar quantitative area.
  • Typically possesses six or more years of statistical and quantitative analysis experience.
  • Demonstrated experience working with energy markets.
  • Demonstrated experience forecasting, planning, and analyzing market trends.
  • Demonstrated experience utilizing stochastic modeling methods in Finance.
  • Demonstrated experience developing, maintaining, and/or utilizing time-series, regression, and other statistical models.
  • Demonstrated experience developing Excel Macros and maintaining and working with large databases.
  • Demonstrated experience preparing findings and presenting complex technical information to technical and nontechnical audiences.
  • Demonstrated ability to interface effectively and collaborate with peers, clients, management, and other organizations.
  • Demonstrated ability to work under pressure, adjust to changing priorities, and pay attention to details. 
  • Demonstrated experience using Microsoft Word, Excel, Access and PowerPoint.
  • Demonstrated ability to follow Edison safety protocols and safe work practices.
  • Must demonstrate the ability to integrate work across relevant areas, develop the business and services to enhance customer satisfaction and productivity, manage risks appropriately, develop and execute business plans, manage information, and provide exceptional service to internal and external customers.
  • Must demonstrate effective resource and project planning, decision making, results delivery, team building, and the ability to stay current with relevant technology and innovations.
  • Must demonstrate strong ethics, influence and negotiation, leadership, interpersonal skills, communication, and the ability to effectively manage stress and engage in continuous learning.


  • Graduate Degree in Economics, Finance, Statistics, or related technical degree. 
  • Understanding of the energy markets. 


  • Edison International and Southern California Edison reserve the right to close or cancel a posting at any time. 
  • Edison International is an Equal Opportunity Employer.
  • Relocation assistance may be provided. 

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