Engineer III Market Design

Midcontinent Independent System Operator (MISO); Carmel (IN); On-site; USD 106,000 - 131,000; Full time

Benefits offered by this job

401(k)

Vacation, sick and safe time

Comprehensive benefits from day one

Job summary

Midcontinent Independent System Operator (MISO) is seeking an Engineer for their Market Design team. In this role, you will conduct engineering and economic studies to enhance the efficiency of wholesale electricity markets and ensure market integrity.

Responsibilities include performing analyses, developing market design initiatives, and assessing compliance with tariff requirements. Candidates should possess a Bachelor's degree in Electrical Engineering or a related field along with relevant experience in energy market operations.

The position offers a base salary of $106,000–$131,000 annually, with comprehensive benefits starting on the first day of employment.

Qualifications

• Minimum of three years of relevant experience in energy market analysis.
• Familiarity with statistical and econometric modeling.

Responsibilities

• Perform statistical, economic, and engineering analyses of market operations.
• Develop and evaluate enhancements to market design initiatives.
• Assess compliance with tariff requirements and recommend enhancements.

Skills

Energy market forecasting and analysis

Power system analysis and operations

Statistical and econometric analysis

Market design

Optimization algorithms

Education

Bachelor's degree in Electrical Engineering or related field

Job description

MISO is looking for a talented Engineer to join our Market Design team and contribute to shaping the future of the energy industry. In this role, you’ll conduct engineering and economic studies to evaluate the performance, efficiency, and behavior of wholesale electricity markets. Your work will support the assessment of market structures, operational events, and rule impacts—ultimately helping to evolve MISO’s market design and ensure a reliable, competitive, and efficient energy marketplace.

What You’ll Do

• Perform statistical, economic, and engineering analyses related to system and market operations, participant behavior, pricing outcomes, supply‑demand imbalances, market anomalies, and overall market design. Assess market competitiveness, efficiency, and operational effectiveness.
• Develop, evaluate, and support enhancements to wholesale electricity market design initiatives, including assessing impacts to market structure driven by industry evolution and emerging market needs.
• Analyze market models, tools, and algorithms to identify opportunities for improvement in accuracy, efficiency, performance, and market outcomes.
• Assess MISO market systems for compliance with tariff requirements and recommend enhancements to systems, processes, and tariff language to strengthen compliance and operational effectiveness.
• Maintain a strong understanding of market rules, tariff provisions, and business practices to support ongoing compliance and market integrity.
• Conduct studies and simulations of electricity market clearing models, algorithms, and power market operations to identify anomalous, inefficient, or unintended market outcomes related to pricing signals, competition, reliability, and cost causation.
• Perform post‑implementation and after‑the‑fact analyses of new market products, rule changes, and significant operational events to evaluate effectiveness and market impact.
• Evaluate the performance, efficiency, and effectiveness of MISO market and operational rules, processes, and systems, and recommend improvements where appropriate.

Required Qualifications

• Bachelor’s degree in Electrical Engineering, Computer Engineering, Electrical Engineering Technology, Electrical and Computer Engineering, Electrical and Electronic Engineering, or Electronics and Computer Engineering Technology.
• Minimum of three years of relevant experience in energy market forecasting and analysis, power system analysis and operations (including related software development), statistical and econometric analysis, market design, or optimization algorithms.

Preferred Qualifications

• Master’s degree in a relevant discipline.
• Additional experience in power system analysis and operations with related software development, statistical and econometric modeling, market design and analysis, optimization algorithm development, applied econometrics, or industry experience with a Regional Transmission Organization (RTO) or RTO market participant.

Appropriate level will be determined based upon experience and knowledge.

The base salary for this role is $106,000‑$131,000 USD annually. This range complies with state and local pay transparency legislation. Salaries may vary by location, competencies, education, certifications, and experience. The position is also eligible for an annual bonus based on performance and company objectives.

Comprehensive benefits are available on your first day of employment, including 401(k), vacation, sick, and safe time.

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.

This is a full‑time, in‑office position located in the Central U.S.