ElectriCities of NC: Rate Analyst

Job Summary

The Rate Analyst is responsible for rate analysis, guidance and providing excellent customer service to ElectriCities’ members concerning retail rates, wholesale cost and revenue analysis and projections, and assistance with members’ economic development rate analysis.

Primary Responsibilities

• Under supervision of the Manager, Rates perform retail rate studies for member cities, including identifying possible changes in retail rate levels, billing structures and rate schedule documentation while considering fair and equitable cost responsibility among customer classes.
• Maintain excel based models for short-term and long-term wholesale power cost projections for power agency members. Provide monthly reporting to monitor forecast versus actual wholesale power costs and usage.
• Assist in developing specific innovative rate programs for individual participants that keep pace with industry trends that will enhance each participant’s ability to continue economic development initiatives in their communities, while maintaining positive financial margins, and assisting with developing Agency-wide innovative rate programs.
• Recommend retail rates to member cities that are consistent with NCMPA1 and NCEMPA wholesale rates and power supply programs while monitoring and striving for regionally competitive retail rates.
• Work to increase knowledge of current and future utility trends in renewable energy, electric vehicles including charger rates, and any other relevant rate related topics.
• Assist in the presentation of retail rate studies, innovative rate designs and special project results to member city/town boards and staff.
• Under supervision of the Manager, Rates create and present electric/rate training to member’s staff to include basic electric/billing terms and concepts, metering, rate classes, rate design, cost causation principles, bill processing and calculations, creations of bill exercises utilizing a member’s current rate schedules.
• Assist Settlements department as needed and fully train in all aspects of the retail billing process and systems.
• Assist with retail billing services including checking retail bills for accuracy, maintaining a current library of retail rates in electronic and paper form, and reviewing reports from the Retail Billing System (“RBS”).
• Protect confidentiality of load profile data, billing information and rate schedules due to the sensitive nature of the information and responsibilities to the cities that entrust that data to NCMPA1 and NCEMPA.
• Maintain knowledge and ability to perform all aspects of retail billing process and systems, and guide Retail Billing and Extranet enhancements that mirror changes to retail rates and customer needs.
• Monitor applicable competitor rates. Perform competitive rate comparisons as needed.
• Assist in preparing special projects, analysis, and complete data requests involving rate-related issues as needed; including analysis that may be required to ensure all aspects of the retail billing systems are current and correct.
• Assist Municipals with annual EIA Surveys.
• Provide input and support implementation of the annual business plan of the Operations Division.
• Foster an environment of teamwork with the ElectriCities departments and personnel to effectively coordinate the development of programs and services for ElectriCities members.
• Maintain a positive professional working relationship with the participants and their customers.
• Perform other related duties as assigned.
  
  

Job Requirements

Controls

The Rate Analyst works under the direct supervision of the Manager, Rates, who reviews the employee’s work performance periodically in terms of overall effectiveness and provides professional supervision as needed. The Manager, Rates approves all requests for vacation and other time off. This position is exempt from the overtime provisions of the Fair Labor Standards Act.

Physical Requirements

The Rate Analyst must maintain the physical condition necessary to perform tasks in hybrid office/home office settings such as operating a personal computer, keyboard, video meetings, and other peripheral equipment. Travel and availability for work outside normal business hours and during unusual weather and system conditions may be required. Occasional travel within the state of North Carolina and periodic travel within the U.S. for training and development purposes is required.

Qualifications

• A Bachelor of Arts or Bachelor of Science degree in Economic, Finance, Math, Statistics, Engineering, or other analytic degree or equivalent combination of experience and education.
• Excellent analytical, communication and presentation skills.
• 3 years’ experience in retail or wholesale rate development and/or financial analysis.
• Advanced spreadsheet modeling and database experience.
• Advanced Excel is required, and SAS programing experience is preferred.
• Demonstrated willingness to accept responsibility, take initiative and be self-motivated while accepting general supervision.
  
  

ElectriCities is an Equal Opportunity Employer.

About ElectriCities

ElectriCities of North Carolina, Inc., is the membership organization that provides power supply and related critical services to over 90 community-owned electric systems in North Carolina, South Carolina, and Virginia—collectively known as public power. ElectriCities manages the power supply for two power agencies in North Carolina and provides technical services to assist members in operating their electric distribution systems. ElectriCities also helps these locally owned and operated public power providers thrive today and in the future by delivering innovative services, including legislative, technical, communications, and economic development expertise.

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