Mercados Energy Markets India Looking for Analyst-EPM (Forecasting) at Mumbai Full Time

A. About Mercados Energy Markets India Pvt. Ltd

Mercados Energy Markets India Pvt. Ltd. (Mercados) is a specialist consultancy firm, exclusively focused on business solutions in the energy and environment domain.

Having begun our operations in India in 2008 supporting clients across the energy sector, we strive to promote efficient and sustainable energy markets; design effective regulations and assist energy businesses to succeed. Our approach integrates innovative, state-of-the-art techniques with practical, tailor-made solutions to solve current energy sector challenges. We have permanent offices in New Delhi (head office), Mumbai and Lucknow.

Mercados has presence across the Energy Value Chain and serves Clients both in the public and private domain, with its dedicated team of over 100+ (and counting) professionals. Mercados boasts of having successfully completed 700+ assignments for its esteemed clients, while it tirelessly strives towards adding many more feathers to its cap.

We have two broad verticals, namely ‘Management Consulting’ and ‘Enterprise SaaS’. While the Management Consulting Vertical provides leading edge Advisory solutions to generation companies with over 62 GWs of conventional and renewable energy-based capacities, distribution companies with over 84 million consumers and large industrial consumers; the Enterprise SaaS Vertical aims at offering tailor-made digital solutions, power portfolio management, generation planning and algorithmic trading solutions – jouleOS – to Utilities in India.

Our Consulting portfolio envelopes diverse segments like ‘Strategy and Business Growth’, ‘Policy, Economic Analysis and Regulations’, ‘Planning, Energy Markets & Simulation Models’,

‘Transaction Advisory Services’, ‘Integrated Energy Supply Services’ and ‘Performance Improvement (Utility Management Services)’.

B. About the Role:

The Proposed designation will be Analyst.

The candidate would be part of the team managing the day-ahead/intraday forecasting on shift basis for the client/utility and shall be responsible for implementing energy management initiatives to ensure optimal energy usage for its clients. They shall analyse data, demand patterns and provide recommendations to optimize energy usage, provide forecasts for demand and price The role also involves but not limited to maintaining trade details, analysing real-time demand-supply gaps and preparing medium term and long term forecast for the utility.

C.

List down the detailed set of expectations from the role:

– Developing/Interpreting forecasting models.
– Analysing historical data, market trends, and other relevant factors to accurately predict and forecast energy demand.
– Collaborate with energy suppliers, customers, and load dispatch centre to develop and implement demand/generation estimation strategies.
– Strong analytical skills, a deep understanding of energy markets, and the ability to work with large datasets.
– Monitor and analyze energy usage data to identify opportunities for market behaviour.
– Develop and implement forecasts for demand and price.
– Maintain knowledge of industry trends, regulations, and technologies related to energy management and demand response.

D. Required skill set

– Knowledge of programming language for data management and forecasting model development and analysis.
– Utilize statistical models and forecasting techniques to predict future energy demand
– Evaluate the impact of external factors such as weather patterns, economic indicators, and regulatory changes on energy consumption
– Refine forecasting models to improve accuracy and reliability
– Collaborate with data scientists and other stakeholders to enhance forecasting methodologies
– Good understanding of demand pattern of utilities within India across the months and scenario analysis consideration while forecasting
– Strong analytical skills with the ability to analyse complex data and make recommendations.
– Generate daily, weekly,

and long-term energy load forecasts and communicate forecast results and insights to decision-makers to support strategic planning
– Collaborate with external partners, such as energy suppliers and regulatory agencies, to exchange information and improve forecasting accuracy
– Identify opportunities for process improvement and implement changes to enhance forecasting capabilities
– Participate in research and development activities to explore new technologies and methodologies in load forecasting
– Excellent communication and interpersonal skills to collaborate with customers, suppliers, and regulators.
– Strong attention to detail and the ability to work independently.
– Strong report writing skills and good knowledge of MS excel and forecasting tools for analysis.

– Knowledge of Energy portfolio management, scheduling optimization and trade optimization

E. Education and Experience

BE/ B.Tech – Any stream, (Computer Science) / (Electrical) are preferred streams with 1.5 – 3 years of experience.

F. Work Location –Mumbai, Maharashtra

▶️ Analyst-EPM (Forecasting)
🖊️ Mercados Energy Markets India
📍 Mumbai