Load Forecasting Analyst - BSC (Hybrid)

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Location: Newark, DE, United States
Organization: Exelon Business Servcs Co, LLC
Job ID: 245668
Date Posted: Mar 15, 2023
Job: Accounting & Finance

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Job Description


Be a part of something powerful at America's leading energy provider!

At Exelon, our people are the heart and soul of our business. Whether it's powering lives, supporting communities or collaborating with colleagues, an Exelon employee is talented, compassionate, forward-thinking and inspired. We are a Fortune 200 company united by our values and shared vision for a cleaner and brighter future. We encourage curiosity, value diverse perspectives and we never stop looking for ways to be, work and do better. We know the future is in our hands. That's why we're looking for people like you, who have the power to make a difference.

As the nation's largest utility company, we serve more than 10 million customers through six fully regulated transmission and distribution utilities -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). All 18,000 of us are committed to delivering safe, reliable and affordable energy to our customers, strengthening our communities, supporting a clean energy future and reducing our impact on the changing climate.

Our people are empowered to evolve and advance their careers in an open and inclusive environment. We pride ourselves on being the kind of place where people want to come, stay and grow -- whether that's in the role and path they start in or in new and exciting career opportunities across our business. We know that investing in our employees' futures strengthens ours, which is why we offer competitive compensation, incentives, opportunities for career path changes, and health and retirement benefits.


Primary role is to assist in forecasting monthly electrical usage to support five-year long range plan ('LRP'); calculating factors for the monthly close; and preparing presentations. Maintain econometric models for use in the forecasting and monthly close process. Econometric modeling is involved along with extensive spreadsheet utilization. The position involves preparing presentations that support the forecast. Forecasting is primarily related to the Company's revenue projections, but also includes involvement in preparing procurement (customer switching) forecasts. Individual will work within a Load Forecasting team environment while interacting with various other departments.

  • Assist in the development, maintenance, and documentation of load forecast models used to generate monthly usage forecasts by customer class. Models are also used in the monthly close process in support of Revenue Accounting. (40%)
  • Perform monthly estimating and reporting functions. Monthly information is prepared for use in closing the books. Additionally, various internal reports are created for use in measuring forecast performance and reporting of actual weather-adjusted usage. (25%)
  • Prepare numerous presentations throughout the year (with supporting documentation and analysis). Presentations are prepared as needed related to load forecasts updates and quarterly in support of the QMM. A report to the Illinois Power Agency is prepared each July documenting the usage needed for procurement purposes by the IPA. (20%)
  • Supporting analysis and ad-hoc requests. (15%)

  • This position is involved in preparing load forecasts that are used in LRP revenue projections, external load projections and the procurement of approximately $1.0 billion/year of energy. In addition, this position has a direct impact on the company's ability to recover its revenue requirement (e.g., providing weather-adjusted billing units).
  • This position has an array of both internal and external contact relationships: Internal relationships include Revenue Accounting and Energy Acquisition. External relationships include entities such as economic vendor (e.g., IHS Economics) or governmental agencies for the purpose of gathering economic data.
  • Works jointly with other Exelon utility's load forecasting groups in coordinating Quarterly presentations. Documentation and verification of all deliverables (e.g., forecasts) and associated processes are important.


  • Education: BS or BA required.
  • Experience: Three years employment experience related to the utility industry or other employment involving economics, finance or engineering functions.
  • Skills: Strong analytical skills � ability to analyze complex problems using various tools. Strong skills in the use of Excel and database software. (Microsoft Office)
  • Ability to manage multiple tasks and activities in ambiguous or pressure situations that produce accurate and timely results. Maintain existing suite of econometric models.
  • Familiarity with electric utility industry.
  • Strong interpersonal skills along with ability to effectively communicate (verbal and written).
  • General understanding of factors related to customer usage of electricity.

  • Education: Course work in economics, statistics or econometrics.
  • Experience: Load forecasting experience or forecasting experience in general.
  • Skills: A working knowledge of the Company's financial and business practices.

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