Principal Market Design Engineer — Power Grid Innovation

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

Benefits offered by this job

Annual bonus

401(k)

Vacation and sick time

Job summary

MISO in Carmel, IN seeks a Principal Market Design Engineer to evaluate wholesale electricity markets today and help design how they operate in the future. You’ll use engineering analysis, market data, and power-system knowledge to identify opportunities for improvement.

You will collaborate with engineers, economists, and technology teams to communicate findings to internal teams and stakeholders, and contribute to market-design initiatives that enhance reliability and efficiency.

Qualifications

• 8 years of relevant job-related experience.
• 2+ years of specific experience in one or more of: Power system analysis, statistical/econometric analysis, market analysis and design, optimization algorithms, econometrics.
• NERC certification (preferred).
• Previous deregulated wholesale electricity market or utility experience (preferred).

Responsibilities

• 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 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.]
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Skills

Power system analysis and operations

Statistical and econometric analysis

Market analysis and design

Optimization algorithms

Econometrics

Education

PhD (preferred)

Masters (preferred)

Bachelors of Electronics & Computer Engineering Technology (required)

Bachelors of Electrical Engineering Technology (required)

Bachelors of Electrical & Computer Engineering (required)

Bachelors of Electrical and Electronic Engineering (required)

Bachelors of Computer Engineering (required)

Bachelors of Electrical Engineering (required)

Job description

MISO in Carmel, IN seeks a Principal Market Design Engineer to evaluate wholesale electricity markets today and help design how they operate in the future. You’ll use engineering analysis, market data, and power-system knowledge to identify opportunities for improvement.

You will collaborate with engineers, economists, and technology teams to communicate findings to internal teams and stakeholders, and contribute to market-design initiatives that enhance reliability and efficiency.