Senior Analyst/ Analyst- Enterprise SaaS

A. About the Role:

The Senior Analyst / Analyst Enterprise SaaS will be responsible for post-implementation management of a large-scale power sector energy portfolio management assignment for a large State-owned distribution utility in Mumbai involving various activities which are as follows:

• Design, implementation, and maintaining of a Business Analytics and Demand Forecasting software solution, including (but not limited to) the following modules:
• Load Forecasting including short term, medium term, long term and RE forecasting.
• Scenario Analysis
• Demand Supply position map
• Energy Portfolio Management
• Scheduling Optimization
• Trade Optimization
• Real time Network Monitoring and Demand Management
• Deviation Settlement Analysis
• Integration of solution with MSEDCL existing system, SCADA & Substation Monitoring Scheme (SMS) of MSEDCL, Existing AMR & SCADA of MSETCL, BESS developers application and Scheduling software of MSLDC/WRLDC.
• Fetching all necessary data from external sources required as input for forecasting, Optimization and analysis purpose.
• Debriefing with Analytics including optimization with AI and ML and documenting causes, effect, pattern and results using incident specific data based on time, date and location.
• Designing Live Dashboard for Business Analytics and Current Status of Incidents.
• Provide Facility Management Service (FMS) for Application Maintenance for five years.

B. Detailed expectations from the role:

We seek a professional with minimum 3 years of experience in the area of Energy Portfolio Management. The individual shall be placed at the level of Senior Analyst / Analyst Enterprise SaaS and should necessarily be able to deliver along the following lines:

• To be a key member of the Business Analytics and Demand Forecasting software solution project team and ensure client satisfaction with the successful execution of the assignment reliable and more accurate Demand/Supply forecast so that proper energy planning of state / utility could be achieved with the prime objective to provide best possible power portfolio optimization solutions.
• Thoroughly review the developed softwares on day-to-day basis to ensure it is ready for real-time operation and resolve all issues raised by the client.
• Maintain the accuracy of Load forecasting and other generated forecasts, including Renewable Energy (RE), price, and agriculture forecasts, to ensure deviation (MAPE) remains within the stipulated Service level agreement limits.
• To manage and deliver various tasks related to day-to-day buy/sell trades, price forecasting, financial analysis, demand / supply planning and cost optimization under the Energy Portfolio Management services to the satisfaction of the client.
• To support the Client in various allied activities related to energy trading and accounting under the EPM services.
• To prepare periodic reports (daily / weekly / monthly/ short term/ Medium Term and Long term) along with its financial implications.
• Managing the power portfolio management through energy optimization tools in manual mode as well as developed SaaS solutions.
• Keep a track of generation schedules from different generators/suppliers and analyze day to day activities of power portfolio management like Decision for Reserve Shutdown, Energy Exchange scenario, Banking proposals analysis etc.
• To assist client in Power Market Scenarios and Energy Portfolio Risk Management.
• To review and provide comments on regulatory drafts, notifications, and regulations, and to prepare reports in compliance with the regulations enforced by the Commission, as and when required by the client.
• To assist client in Financial Risk Management of Power Portfolio so as to reduce the financial risks associated along with optimizing the cost of Power Purchase Portfolio
• Micro management of power schedule of state utilities and generators to mitigate the demand of utility to ensure uninterrupted supply to end users.
• Supporting the client and analysts in activities related to energy trading and accounting.
• Analyze sector dynamics from all relevant angles (demand-supply, price movement, profitability, changing regulatory and competitive landscape under various power market scenarios).
• Deep dive analysis on power markets to bring critical strategic insights

C. Required skill set

• Experience in demand/supply forecasting, electricity markets (in power exchange / trading), power system operations, Regulatory or Power Sector Consultancy in India, Basic Understanding on Regulations related to Power Markets, Grid Code, Connectivity, Tariff (preferred)<