Associate Energy Market Analyst

ISO New England, Inc; Springfield (MA); Hybrid; USD 72,000 - 93,000; Full time

Benefits offered by this job

Hybrid work environment 3 days/week on

Relocation assistance (distance-based)

On-call rotation (3-4 people)

Base salary + performance bonus

Benefits package: 401(k) employer, etc

Tuition reimbursement and professional

Wellness programs and onsite gym

Onsite café and flexible hours

Employee networks

Job summary

ISO New England is seeking an IMM analyst to support market power mitigation rules and analyze energy market data across generation technologies—from fossil fuels to emerging clean-energy resources like storage. You will gain insights into capital and operating costs while engaging with project owners and market participants.

The role involves maintaining cost models, evaluating inputs, developing financial simulations, and contributing to market reports and tools that enhance market oversight.

Qualifications

• Bachelor’s or master’s degree in economics, finance, engineering, business, or related field.
• Interest in wholesale electricity markets or electric utility industry.
• Strong quantitative and data analysis skills.
• Proficiency with Excel and programming languages (SAS, SQL); Python/R a plus.
• Ability to collaborate, meet tight deadlines, and communicate technical concepts clearly.
• Excellent written and verbal communication skills.

Responsibilities

• Maintain and enhance production cost models to determine benchmarks for energy market and mitigation.
• Assess benchmark inputs such as heat rates and variable O&M costs.
• Develop financial and engineering models to estimate marginal and opportunity costs.
• Perform mitigation activities and participate in on-call rotation (weekends possible).
• Prepare and refine market reports and analytical tools for market oversight.
• Evaluate capacity market offers by review of documents and analyses.
• Support development and testing of analytic tools for market mitigation and tariff compliance.
• Design and run screening tools to identify non-compliance and uncompetitive behavior.
• Identify market participant behavior warranting further investigation.

Skills

Wholesale electricity markets

Quantitative analytics

Data handling

Communication skills

Collaboration

Education

Bachelor's or Master's degree in economics/finance/engineering/business

Tools

Excel

SAS

SQL

Python

Job description

ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England's ongoing transition to clean energy.

ISO New England's Internal Market Monitoring (IMM) group safeguards the competitiveness and integrity of the wholesale electricity markets. We work to protect consumers and market participants by mitigating uncompetitive behavior, identifying market design issues, monitoring participant conduct, and assessing overall market performance. Our multidisciplinary team brings together expertise in economics, engineering, financial analysis, data science, and law.

What we offer you:

• Hybrid work environment 3 days/week onsite
• Distance-based relocation assistance available
• 3-4 person paid on-call rotation
• Competitive compensation with a base salary + performance bonus
• Robust benefits package, including:
  • Enhanced 401(k) and financial planning support
  • Tuition reimbursement and professional development
  • Wellness programs, including an onsite gym
  • Free coffee at our onsite café
  • Flexible work hours
  • Employee Business Networks
• A stable, mission-driven workplace where your impact truly matters

How You Will Make an Impact

As an IMM analyst, you will support the implementation of market power mitigation rules, ensuring that energy market prices reflect competitive conditions. You will gain unique insights into the capital and operating costs of a wide range of generation technologies—from traditional fossil fuel units to emerging clean-energy resources such as battery storage.

In this role, you will engage with project owners and market participants, conduct production cost and financial analyses, evaluate energy and capacity market offers, and monitor participant behavior for compliance. You will also help assess the effectiveness of mitigation rules and contribute to market reports and analytical tools that enhance situational awareness and market oversight.

• Maintain and enhance production cost models to determine competitive benchmarks (reference levels) for energy market and ancillary service mitigation.
• Assess the accuracy and reasonableness of benchmark inputs such as heat rates and variable operation and maintenance costs.
• Develop financial and engineering models to estimate generators’ marginal and opportunity costs.
• Perform mitigation activities as defined in market rules, including participation in the monitoring and mitigation on-call rotation (some weekend coverage required).
• Prepare and refine market reports that summarize outcomes, competitiveness, and mitigation activity.
• Evaluate capacity market offers by reviewing financial models, project documentation, risk assessments, and engineering analyses.
• Support the development, testing, and deployment of analytical tools used for energy and capacity market mitigation as well as identifying tariff violations and potential market manipulation.
• Design, develop and run screening tools to identify non-compliance with market rules and uncompetitive behavior
• Identify market participant behavior that warrants further investigation and analysis

What We’re Looking For

• Bachelor’s or master’s degree in economics, Finance, Engineering, Business Administration, or a related field.
• Experience or strong interest in wholesale electricity markets or the electric utility industry.
• Familiarity with electricity and gas market fundamentals and the drivers of production and opportunity costs; knowledge of power plant cost structures across the asset life cycle is desirable.
• Strong quantitative analytical skills, including the ability to evaluate market participant strategies from a profit-maximizing perspective to identify anomalous market behavior and assess gaps in market rules that could be exploited.
• Experienced working with, and drawing insights from, large and complex data sources.
• Proficiency with Excel and programming languages such as SAS, SQL. Experience with R or Python is a plus.
• Knowledge of physical gas markets—trading, fuel supply optimization, or risk hedging is a plus.
• Financial modeling skills, including proficiency with discounted cash flow techniques. Experience with risk evaluation techniques is desirable.
• Demonstrated ability to work collaboratively, manage tight deadlines, and communicate technical concepts clearly.
• Excellent written and verbal communication skills.

This employer will not sponsor applicants for work visas for this position (ex: H-1B, F-1/CPT/OPT, O-1, E-3, TN, J, etc.).

The expected salary range for this position is below. This role is also eligible for an annual performance bonus, comprehensive health insurance (medical, dental and vision), flexible spending and health savings accounts, a 401(k) plan with generous employer contributions and a student debt benefit, life and AD&D insurance, disability insurance, critical illness and hospital indemnity benefits, paid time off, paid leave, a wellness program, an employee assistance program and other great company perks.

Salary Range

$72,000 - $93,000 USD

This is a U.S. based role. If the successful candidate resides outside of the U.S., relocation will be required.

Equal Opportunity: We are proud to be an EEO employer. Applicants for employment are considered without regard to race, color, religion, creed, sex (including pregnancy, childbirth, and related medical conditions), gender identity or expression, sexual orientation, citizenship, national origin, age, ancestry, marital status, disability (including learning, mental, intellectual, and physical), service in the uniformed services, genetic information, or any other status protected by applicable law.

Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.