Forecast energy prices

Analyse the energy market and external factors which may influence trends in the energy market in order to predict the movement of prices for energy and utility consumption.

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predicting energy prices
energy price predicting
predict energy prices
energy prices forecasting

skill/competence

sector-specific

Forecast energy prices is an essential skill of the following occupations:

Energy trader: Energy traders sell or buy shares of energy, sometimes from different sources. They analyse the energy market and investigate trends in prices to decide when to buy or sell shares and ensure the most profit. They make calculations, and write reports on energy trades procedures, and make predictions on the development of the market.
Power plant manager: Power plant managers supervise operations in power plants which produce and transport energy. They coordinate the production of energy in the plant, and supervise the construction, operation and maintenance of energy transmission and distribution networks and systems.
Energy analyst: Energy analysts evaluate the consumption of energy in buidings owned by consumers and businesses. By analysing existing energy systems, they recommend cost-effective alternatives. Energy analysts suggest efficiency improvements, make business analyses and participate in the development of policies concerning the use of traditional fuels, transportation, and other factors relating to energy consumption.

Forecast energy prices is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Manufacturing manager: Manufacturing managers plan, oversee and direct the manufacturing process in an organisation. They ensure products and services are efficiently produced within the timeframe and budget given.

References

1. Forecast energy prices – ESCO