Senior Engineer Market Design

MISO Default Brand; Carmel (IN); Hybrid; USD 129,000 - 139,000; Full time

Benefits offered by this job

401k

Vacation & Sick Time

Bonus eligibility

Job summary

MISO in Carmel, Indiana is seeking a Senior Engineer Market Design/Economist to analyze complex operational, economic, and accounting data supporting market structure evaluations and reporting on market status. The role collaborates with management to propose changes to market design and systems and communicates results to internal groups.

The position combines engineering, economics, and data analysis to assess market rules, tariff implications, and performance indicators, with bonus

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.
• At least 4 years of related engineering experience required.
• Economist: Master’s degree in Economics.
• At least two years of related economist experience required.
• Specific experience within power system analysis and operation, software development, econometrics, market analysis and design, optimization algorithms.

Responsibilities

• 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.

Skills

Electrical Engineering

Economics

Econometrics

Data Analysis

Market Design

Education

Bachelor’s degree in Electrical Engineering or related

Master’s degree in Economics

Job description

Indiana, 720 City Center Drive, Carmel, IN 46032, USA

The role involves analyzing complex operational, economic, and accounting data to support evaluations of market structures, outcomes, operations events, and the 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.

This isn’t just a job. It’s your chance to make a real impact on the electric grid of the future while collaborating with top‑tier talent, industry leaders, and key stakeholders across the country.

Senior Engineer Market Design/Economist

Responsibilities

• 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.

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.
• At least 4 years of related engineering experience required.
• Economist: Master’s degree in Economics.
• At least two years of related economist experience required.
• Specific experience within any of the following: power system analysis and operation and associated software development, statistical and econometrics analysis, market analysis and design, optimization algorithms, econometrics.

Preferred

• Previous deregulated wholesale electricity market or utility experience.
• Previous energy industry experience with a regional transmission organization (RTO) market participant.
• Possess NERC certification.

The base salary compensation range being offered for this role is $129,000–$139,000 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 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.