Senior Engineer Market Design

Midcontinent Independent System Operator Inc.; Carmel (IN); On-site; USD 129,000 - 139,000; Full time

Benefits offered by this job

401k

Paid time off

Job summary

Midcontinent Independent System Operator Inc. seeks a Senior Engineer Market Design/Economist to analyze complex market data and support changes to market design and systems. The role communicates analyses and proposals to internal groups to inform business decisions.

You will evaluate market operations, develop economic analyses, and help implement improvements to models and tariffs to enhance reliability and efficiency.

Qualifications

• Senior Engineer: Bachelor’s degree in Electrical Engineering or related field with at least 4 years of related experience.
• Economist: Master’s degree in Economics with at least 2 years of experience.
• Experience in power system analysis, market design, econometrics, or related areas.

Responsibilities

• Perform engineering, statistical, and economic analyses on system and market operations.
• Develop and evaluate wholesale electricity market design initiatives and assess impact on market structure.
• Propose improvements to market models, algorithms, and tariff provisions.
• Develop and track key market performance indicators to evaluate conditions.
• Conduct economic modeling to assess data quality and proposed rule changes.
• Review compliance of market systems with tariff requirements and recommend modifications.

Skills

Power system analysis

Software development

Statistical analysis

Econometrics

Market analysis

Optimization algorithms

Education

Bachelor's in Electrical Engineering or related field

Master's in Economics

Job description

The role involves analyzing complex operational, economic, and accounting data to support evaluations of market structures, outcomes, operations events, and periodic reporting of market status and results. The position will assist the management team in recommending changes to MISO’s market design and systems, and will communicate analysis results and new proposals to internal groups and stakeholders to garner support and inform business decision‑making.

As the Senior Engineer Market Design/Economist, you will:

• Perform engineering, statistical, and economic analyses on system and market operations, including participant activities, pricing trends, demand‑supply imbalances, market anomalies, and overall market design efficiency.
• Develop and evaluate new or enhanced wholesale electricity market design initiatives, assessing their impact on market structure, competitiveness, and efficiency as the industry evolves.
• Propose and implement improvements to market models, algorithms, and policy provisions to enhance performance and reliability.
• Develop and track key market performance indicators to evaluate market conditions and identify areas for improvement.
• Conduct economic modeling and analysis to assess market data quality and evaluate the effectiveness of proposed market rule or tariff changes.
• Review and assess compliance of MISO market systems with tariff requirements, recommending system and tariff modifications to improve adherence and operational integrity.

We look for a candidate who thrives in complexity, loves problem‑solving, and sees opportunities before they’re obvious.

Qualifications

• Senior Engineer: 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 4 years of related experience.
• Economist: Master’s degree in Economics. Minimum two years of experience.
• Specific experience within any of the following: power system analysis and operation, associated software development, statistical and econometric analysis, market analysis and design, optimization algorithms, econometrics.
• Preferred: Possess NERC certification.
• Preferred: Previous deregulated wholesale electricity market or utility experience.
• Preferred: Previous energy industry experience with a regional transmission organization (RTO) market participant.

Benefits

The base salary compensation range for this role is $129,000–$139,000 USD annually. The position is also eligible for an annual bonus if individual performance and company objectives are met. MISO offers a comprehensive benefits package, including 401k, vacation, sick and safe time, available on your first day of employment.

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.