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Energy Forecasting Analyst Job

Xcel Energy

Position Type:
Rqd Education:
Rqd Experience: 5+ years
Date Posted: August 14, 2022
Reference Code: 48797-en_US
Location(s): CO - Denver; MN - Minneapolis; TX - Amarillo

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you're looking for.

Develops and presents all short- and long-term energy and peak demand forecasts, risk assessments, and load analysis studies and regulatory filings. Performs the analysis and reporting of current sales and peak demand levels relative to the forecasts. Oversees the work of lower level energy forecasting analysts. Participates in energy forecasting, risk assessment, and load analysis efforts to ensure accurate and effective energy forecasting and risk assessment for Xcel Energy's utility services. Expected to take leading role in improving forecasting team's technical resources.

Essential Responsibilities

  • Prepare and guide other analysts in the preparation of all major energy forecasting, risk assessment, and load analysis responsibilities. Assume lead responsibility for forecasting, risk assessment, and load analysis for Xcel. Appear as an expert witness for the Company.
  • Prepare for presentation to management and regulatory proceedings, budget customer, sales, and peak demand forecasting and reporting to ensure that the information provided is accurate and timely. Work with Xcel business units to ensure their forecasting, risk assessment, and load analysis needs are met and accurate information is provided.
  • Prepare for presentation to management and regulatory proceedings, long-term forecasts and risk assessment to provide accurate forecasts and avoid excess capacity, and to quantify forecast risk.
  • Participate in the IRP-related energy forecasting, risk assessment, and load analysis process to provide required technical information and to establish good working relations with regulators.
  • Conduct peak demand forecasting to provide system operations (power supply and interruptible load management) with timely and accurate peak load forecasts.
  • Work with the Manager of Energy Forecasting and Xcel Energy?s business units to ensure accurate forecasting, risk assessment, and load analysis in a regulated environment.
  • Work with load research team to develop data pipelines for advanced metering data and improve granular forecasting methodologies
  • Work with regional analysts to streamline and automate existing forecasting processes


  • Bachelor's Degree in Economics, Statistics, Mathematics, or related technical or quantitative fieldor a combination of education and experience providing equivalent knowledge (6 years of related experience in addition to the required 5 years may substitute for the degree).
  • 5 to 8 years experience in utility energy forecasting.
  • Advanced degree in the above areas is desirable.
  • Familiarity with SQL or related database management languages
  • Familiarity with at least one scripting language (Python, R or SAS preferred)

Xcel Energy is committed to the safety of its employees and customers, and promotes a Safety Always culture. Because of this, we strongly encourage all employees to be fully vaccinated against COVID-19; however, vaccination is not mandatory. After being hired, you will asked to report your vaccination status and dates of vaccination. This information will be maintained confidentially and disclosed only on a need-to-know basis. If you are not fully vaccinated or choose not to disclose your vaccination status you will be required to follow any health-and-safety rules applicable to unvaccinated employees.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.

Posting Notes: CO - Denver || CO - Denver; MN - Minneapolis; TX - Amarillo || United States (US) || CFO Organization || 25295:Sales Energy & Demand Forcast || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: $87,000 to $123,666 per year

This position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Click here to see our benefits

Requisition Number: 48797
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com
About this Employer‍

As a leading electric and natural gas energy company, we offer a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers across our eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Our workforce of more than 12,000 is rising to the challenge of a dynamic, constantly-changing utility industry. One that requires us to be even more customer focused, forward thinking and productive while remaining committed to meeting our customers’ fundamental need for safe, reliable, affordable energy.

With nearly 50% of our workforce eligible to retire in the next five years, there’s never been a better time to come on board. Do you have a passion for renewable energy, like wind or solar? Or care about giving back to the community? You’ll be in a position to directly impact our energy future.

At Xcel Energy, you’ll be challenged, respected and rewarded. You’ll find an ethical team committed to excellence, safety and environmental stewardship. A dynamic company where you’ll have meaningful work that makes a difference.