One of the grave challenges facing the world today is the rapid depletion of exhaustible energy resources like oil, natural gas and minerals. Thus, conserving such resources and using them judiciously is the key for sustainable development. With this aim in mind, most companies today employ special energy analysts who can recommend policies for optimum utilization of energy resources.



Functions of Energy Analysts

Relatively a new field of work, the major responsibilities of energy analysts are as follows:

1. The most important role of energy analysts is to conduct extensive research about any specific resource and the probable means to conserve it. This research and analysis would be the base for all major policy decisions with regards to energy.

2. Their research and analysis spans major domains like energy efficiency, renewable energy, environmental impact and transportation.

3. The research work includes desk-based research and analysis, interviews and surveys.

4. After securing this information and conducting a thorough research and analysis of the data, analysts must present the report to the clients. They must provide an in-depth report on their findings backed by concrete data and recommendations.

5. They must explain critical issues like market dynamics, new energy policies and relationships between energy pools.

6. They also need to attend regular client meetings in order to understand their needs and formulate the policies accordingly.

7. Analysts also need to conduct extensive cost-benefit analysis for the existing energy model and substituting one energy source for another according to the needs.

8.The analysts are also responsible for developing sustainable energy models for their client companies. While developing these models it is important to adhere to the pricing policies of the company.

9. As a part of their work, analysts must also maintain a systematic database of the available supply of energy resources and the total consumption in a fixed time period.

10. Their job also includes drafting position papers, energy sector benchmarks and issue briefs.

11. Energy analysts are vital elements in energy projects and must attend project meetings regularly.

12. These analysts mainly provide support to the project manager and the senior staff of the company.

13. Some of their other key areas of work include disseminating information to the other members of the team, provide inputs and assist in proposal development.

Energy analysts must have a sound knowledge of the energy sector overall and its economics. They must also have keen analytical skills along with presentation skills.

Most energy analysts with an experience of about two to five years can earn a remuneration of more than $80,000. In fact in large companies, the average earnings can even reach $90,000 to $98,000. Candidates with absolutely no relevant experience can look at a package of about $65,000.

For freshers their academic qualifications determine their pay scales. It is important to prepare the resume such that it makes a significant impression. Candidates must scan maximum sample resumes before finalizing on their bio for energy analyst.

The role of energy analysts is increasing with every passing day. As the energy situation becomes grave they have a greater responsibility to devise policies that can be profitable for the companies and also revolve around the sustainable model of development.