Senior Market Design Engineer - Electric Grid Innovation

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

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