Forecasting Analyst -(Energy Sector)

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  • Location

    London, England

  • Sector:

    Power, Nuclear and Utilities

  • Job type:


  • Salary:

    £35000 - £50000 per annum

  • Contact:

    Brent Slocombe

  • Contact email:


  • Job ref:


  • Published:

    about 1 year ago

  • Expiry date:


  • Start date:


  • Client:


Morson International is proud to be the recruitment partner for The Low Carbon Contracts Company as they embark upon a their recruitment campaign. We are looking to recruit to the position of Forecasting Analyst. To work from their offices based off Fleet Street, London.

The Low Carbon Contracts Company (LCCC) and the Electricity Settlements Company (ESC) sit at the heart of the delivery of the UK's goals for secure, affordable and sustainable electricity. Run as a private, not for profit limited company, the LCCC primarily provides the mechanism behind Contracts for Difference (CfD) - a contract introduced by the government to infinitive's investment in secure, low-carbon electricity.

By enabling smaller low-carbon generators to gain entry through long-term revenue stabilisation, the LCCC plays a pivotal part in the UK's Energy Market Reform, the biggest change to the electricity market since privatisation.

Reports to: Head of Forecasting and Supplier Levy Lead

The Forecasting Analysts report to the Head of Forecasting and Supplier Levy Lead, with some technical input provided by the Senior Modeller. The main purpose of the role is to provide forecasts of future CFD costs and the risks around those costs. The main purpose of these forecasts is to set the Interim Levy Rate and Total Reserve Amount as required by Regulation, though there are other secondary purposes to the forecasting activities.

Performing operational forecasting, including maintaining the model inputs.
Updating the transparency tool microsite which explains the forecasts to suppliers and interested parties.
Communicating to suppliers through a variety of fora.
Testing software updates to the team's models.
Ad hoc modelling and analysis as required.
Assisting with reporting KPIs and other performance metrics.
Investigating and reporting on variances between forecast and out-turns.
Assisting with the Governance Board processes.

Skills and Experience

A good first degree or higher degree in a numerate subject is essential
Strong familiarity with Excel is essential, ideally with in-depth knowledge of VBA for Excel
Experience in modelling, forecasting or analysis in the electricity industry (ideally midstream, transmission or generation, or alternatively a midstream facing function in a retail business) is highly desirable
Understanding of the electricity market in general and Electricity Market Reform is desirable

Strong attention to detail and a passion for quality
The ability to convey complex technical concepts to those with little or no modelling background in a meaningful, relevant and engaging matter
Good team worker
Able to seize initiative and be pro-active in improving the model