Economist II

MISO; Carmel (IN); On-site; USD 145,000 - 170,000; Full time

Benefits offered by this job

Annual bonus eligibility

Job summary

MISO is seeking an Economist II - Market Design in Carmel, IN to evaluate how wholesale electricity markets perform and help design future operations. You will use economic, statistical, and market analysis to identify trends, develop solutions, and support reliable, competitive markets.

You will work with economists, engineers, market experts, and technology teams to translate findings into recommendations for internal teams and stakeholders.

Qualifications

• Master's degree in Economics.
• At least four (4) years of job-related experience.
• Experience in statistical and econometric analysis.
• Econometric modeling.
• Wholesale electricity market analysis or design.
• Energy economics.

Responsibilities

• Perform statistical, econometric, and economic analyses of wholesale electricity market operations, including participant activity, pricing trends, supply and demand imbalances, market anomalies, and overall market efficiency.
• Develop and evaluate new or enhanced wholesale electricity market design initiatives as industry and grid needs continue to evolve.
• Assess the economic impact of proposed market changes on market structure, participant behavior, competitiveness, efficiency, and reliability.
• Conduct economic modeling and quantitative analysis to evaluate market outcomes, data quality, and the effectiveness of proposed market rule and tariff changes.
• Develop and monitor key market performance indicators to evaluate market conditions and identify trends or opportunities for improvement.
• Apply statistical and econometric methods to complex market datasets to identify relationships, trends, and potential market design issues.
• Support recommendations and implementation of improvements to market models, optimization algorithms, rules, and policy provisions.
• Review MISO market systems and outcomes for alignment with tariff requirements and recommend system or tariff modifications when appropriate.

Skills

Econometric analysis

Statistical analysis

Economics

Market design

Education

Master's degree in Economics

Job description

Location: Carmel, IN

As an Economist II - Market Design at MISO, you'll play an important role in evaluating how our wholesale electricity markets are performing today while helping design how they need to operate in the future. You'll use economic, statistical, and market analysis to understand market outcomes, identify trends and opportunities for improvement, and help develop solutions that support competitive, efficient, and reliable electricity markets.

You’ll work alongside economists, engineers, market experts, and technology teams to evaluate and advance market design changes. You’ll also help translate complex economic analysis into clear findings and recommendations for internal teams, leadership, and MISO stakeholders.

In One Year, You'll Know You're Successful If:

You can independently evaluate market performance, identify meaningful economic trends or issues, and translate your analysis into recommendations that improve MISO's markets. You'll be contributing to new or enhanced market design initiatives and helping evaluate changes to market rules, models, algorithms, and policies that improve efficiency, competitiveness, reliability, and overall market performance.

As Our Economist II - Market Design, You Will:

• Perform statistical, econometric, and economic analyses of wholesale electricity market operations, including participant activity, pricing trends, supply and demand imbalances, market anomalies, and overall market efficiency.
• Develop and evaluate new or enhanced wholesale electricity market design initiatives as industry and grid needs continue to evolve.
• Assess the economic impact of proposed market changes on market structure, participant behavior, competitiveness, efficiency, and reliability.
• Conduct economic modeling and quantitative analysis to evaluate market outcomes, data quality, and the effectiveness of proposed market rule and tariff changes.
• Develop and monitor key market performance indicators to evaluate market conditions and identify trends or opportunities for improvement.
• Apply statistical and econometric methods to complex market datasets to identify relationships, trends, and potential market design issues.
• Support recommendations and implementation of improvements to market models, optimization algorithms, rules, and policy provisions.
• Review MISO market systems and outcomes for alignment with tariff requirements and recommend system or tariff modifications when appropriate.

We're Looking for Someone With:

• Master's degree in Economics.
• At least four (4) years of job-related experience.
• Specific experience in statistical and econometric analysis.

Experience in one or more of the following areas would also be beneficial:

• Econometric modeling.
• Wholesale electricity market analysis or design.
• Optimization algorithms.
• Energy economics.
• Analysis of large and complex market datasets.

While not required, it would be advantageous to have some of the following:

• PhD in Economics or a related discipline.
• Previous deregulated wholesale electricity market or utility experience.
• Previous energy industry experience with a Regional Transmission Organization (RTO) or RTO market participant.
• Experience applying economic and econometric methods to electricity or other complex markets.

If you enjoy digging into complex market questions, working with data, and using economics to help shape decisions that have a real impact on the reliability and efficiency of the electric grid, we'd like to hear from you.

The base salary compensation range being offered for this role is $145,000-$170,000 USD annually. Base salary range for this position is included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, and qualifications/experience.

Position is also eligible for an annual bonus if individual performance and company objectives are met. At MISO, we offer a comprehensive benefits package, including 401(k), vacation, sick and safe time, available on your first day of employment.

Transformative innovation is happening in the electric industry, from digitalizing homes and distributed resources to renewable energy and an ever-changing grid. MISO manages the electricity superhighway in the Central U.S. Using groundbreaking research and sophisticated technology, our highly skilled employees ensure power flows reliably to 47 million people throughout North America. Operating the electricity grid, running a robust energy market, and planning for a bright future - it's what our immensely hard-working and dedicated team does every day.

MISO, The Work We Do

Join #TeamMISO to be a driving force as we build the grid of the future.

#DiscoverMISO #MISOCareers #LifeatMISO #TeamMISO #WeAreMISO

#LI-ONSITE #LI-MB1

Education

• Masters of Economics (required)

Experience

While not required, it would be advantageous to have some of the following:

• PhD in Economics or a related discipline.
• Previous deregulated wholesale electricity market or utility experience.
• Previous energy industry experience with a Regional Transmission Organization (RTO) or RTO market participant.
• Experience applying economic and econometric methods to electricity or other complex markets. (preferred)

Experience in one or more of the following areas would also be beneficial:

• Econometric modeling.
• Wholesale electricity market analysis or design.
• Optimization algorithms.
• Energy economics.
• Analysis of large and complex market datasets. (preferred)

Specific experience in statistical and econometric analysis. (required)

4 years: Relevant job-related experience. (required)

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.