Energy Economist
What is an energy economist?
An energy economist is someone who studies and analyzes the economic aspects of the energy industry.
What does an energy economist do?
Usually, an energy economist does the following:
- Conducts research and analysis on energy markets, including supply, demand, and pricing
- Assesses the economic impacts of energy policies and regulations
- Provides recommendations on energy investment decisions
- Develops forecasts and models to predict energy trends
What does the day-to-day life of an energy economist look like?
An energy economist typically works between 9am and 5pm, but this may vary depending on the employer or projects.
You'll spend a lot of time researching and analyzing data related to energy markets. This can involve reading reports, studying economic indicators, and using mathematical and statistical tools to make sense of the information. You may also attend meetings with colleagues or clients to discuss findings and present recommendations.
Where does an energy economist work?
Energy economists can work in various settings, including:
- Energy companies: Large energy companies may have in-house economists to analyze markets and guide their business strategies.
- Consulting firms: Energy consulting firms provide specialized services to clients in the industry, including economic analysis and forecasting.
- Government agencies: Government departments responsible for energy policy and regulation often employ economists to analyze the impacts of policies and develop recommendations.
- Research institutions/Universities: Some energy economists work in academic settings, conducting research and teaching courses related to energy economics.
What tools/software/hardware does an energy economist use?
An energy economist uses a variety of tools and software, including:
- Statistical software: Programs like R or Python with statistical packages such as SAS or Stata.
- Econometric models: Specialized software like EViews or STATA to develop and run economic models.
- Data analysis tools: Microsoft Excel or other data analysis software to manipulate and analyze large datasets.
What do I need to become an energy economist?
To become an energy economist, you have a few different options:
- Bachelor's degree: A degree in economics, energy economics, or a related field is usually required.
- Master's degree: Many positions prefer or require a master's degree in energy economics, economics, or a related field.
- Experience: Relevant work experience or internships in energy economics or related fields can strengthen your qualifications.
What career paths are available?
There are a number of career paths available to you as an energy economist, including:
- Senior Energy Economist: With experience and expertise, you can advance to a senior role within an organization or consulting firm.
- Energy Policy Analyst: Focusing on analyzing and developing energy policies for governments or organizations.
- Academic Researcher: Working in universities or research institutions, conducting in-depth studies on energy economics.
What jobs are similar to an energy economist?
- Environmental Economist: Focusing on the economic implications of environmental policies and regulations.
- Financial Analyst: Analyzes financial data and provides recommendations for investment decisions.
- Market Analyst: Analyzes market trends and provides insights for businesses to make informed decisions.
What made you want to become an energy economist?
How did you get your first energy economist job?
What was the one thing that surprised you the most about being an energy economist?
Are you an energy economist? We want you to share your experiences with those looking to start or change their careers to energy economics. If you're interested, contact us at mail@calumchilds.com.