Principal Market Design Engineer

Midcontinent-Independent-System; Carmel (IN); On-site; USD 145,000 - 170,000; Full time

Benefits offered by this job

Annual bonus

401(k) and benefits

Job summary

MISO is seeking a Principal Market Design Engineer to evaluate and shape wholesale electricity markets, using engineering analysis, market data, and grid operations expertise. You will collaborate with engineers, economists, and technology teams to translate findings into actionable market design improvements.

In this role you will develop, assess, and implement market design initiatives, models, and policies to improve efficiency, reliability, and overall market performance across the Central

Qualifications

• Bachelor’s degree in a relevant engineering field and advanced knowledge in power systems.
• At least eight years of related experience including market design or economics.
• Two-plus years in areas such as market analysis, econometrics, optimization, or related software development.

Responsibilities

• Perform engineering and analytical studies of system and market operations and pricing trends.
• Develop and evaluate wholesale market design initiatives and tariffs.
• Assess impact of market changes on structure, efficiency, reliability.
• Improve market models, optimization algorithms, and policy provisions.
• Develop and monitor market performance indicators.
• Analyze data to evaluate proposed market rule changes.
• Review alignment of market systems with tariff requirements.
• Collaborate across disciplines to solve complex market design challenges.
• Communicate complex findings to stakeholders and leadership.

Skills

Power systems analysis

Econometrics

Market analysis

Optimization algorithms

Statistical analysis

Education

Bachelor's in Electrical Engineering

Bachelor's in Computer Engineering

Bachelor's in Electrical & Computer Engineering

Bachelor's in Electrical Engineering Technology

Bachelor's in Electronics & Computer Engineering Technology

Bachelor's in Electrical & Electronic Engineering

Job description

As a Principal Market Design Engineer 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 engineering analysis, market data, and your understanding of power system operations to identify opportunities for improvement and develop solutions that support reliable and efficient grid operations.

You’ll work alongside engineers, economists, market experts, and technology teams to evaluate and advance market design changes. Just as importantly, you’ll help communicate your findings and recommendations to internal teams and MISO stakeholders, turning complex technical analysis into informed decisions.

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

You can independently evaluate system and market performance, identify meaningful 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 advance changes to market models, optimization algorithms, and policies that improve efficiency, reliability, and overall market performance.

As Our Principal Market Design Engineer, You Will:

• Perform engineering and analytical studies of system and 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 impact of proposed market changes on market structure, competitiveness, efficiency, reliability, and power system operations.
• Recommend and help implement improvements to market models, optimization algorithms, and policy provisions.
• Develop and monitor key market performance indicators to evaluate market conditions and identify opportunities for improvement.
• Analyze market and operational data to evaluate the effectiveness of proposed market rule and tariff changes.
• Review MISO market systems for alignment with tariff requirements and recommend system or tariff modifications when appropriate.
• Collaborate across engineering, economics, technology, and other disciplines to develop solutions to complex market design challenges.
• Clearly communicate complex technical findings and market design proposals to internal teams, leadership, and MISO stakeholders.

We’re Looking for Someone With:

• Bachelor’s degree in Electrical Engineering, Computer Engineering, Electrical Engineering Technology, Electrical & Computer Engineering, Electrical & Electronic Engineering, or Electronics & Computer Engineering Technology.
• At least eight (8) years of job-related experience.
• At least two (2) years of specific experience in one or more of the following areas:
  • Power system analysis and operations and associated software development
  • Statistical and econometric analysis
  • Market analysis and design
  • Optimization algorithms
  • Econometrics

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

• Advanced degree.
• Previous deregulated wholesale electricity market or utility experience.
• Previous energy industry experience with a Regional Transmission Organization (RTO) or RTO market participant.
• NERC certification.

If you enjoy digging into complex power system and market challenges and helping design solutions 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.

Benefits

• 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.

#LI-ONSITE
#LI-MB1

Qualifications

Education

Required

• Bachelors or better in Computer Engineering or related field.
• Bachelors or better in Electrical & Computer Engineering or related field.
• Bachelors or better in Electrical and Electronic Engineering or related field.
• Bachelors or better in Electrical Engineering or related field.
• Bachelors or better in Electrical Engineering Technology or related field.
• Bachelors or better in Electronics & Computer Engineering Technology or related field.

Preferred

• Masters or better.
• PhD or better.

Experience

Required

• 2 years: Specific experience in one or more of the following areas:
  • Power system analysis and operations and associated software development
  • Statistical and econometric analysis
  • Market analysis and design
  • Optimization algorithms
  • Econometrics
• 8 years: Relevant job-related experience.

Preferred

• NERC certification
• Previous energy industry experience with a Regional Transmission Organization (RTO) or RTO market participant.
• Previous deregulated wholesale electricity market or utility experience.

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.