Lead Energy Market Analyst

ISO New England Inc.•Holyoke, MA

10d•Hybrid

About The Position

ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in our region and planning for the future of the electric grid. We are at the forefront of New England’s ongoing transition to clean energy. As a member of the Surveillance and Analysis team, you will apply your expertise in the wholesale electricity markets to the critical work of the market monitor. You will provide valuable insight to the team by applying economic principles in your daily monitoring of market outcomes and participant behavior. Working with large and complex data, you will perform in-depth empirical analyses on market performance and report on challenging electricity market issues for both internal and external stakeholders. You will also play a valuable role in mentoring early career staff and leading projects from inception to delivering the final product. This role is a part of the Internal Market Monitoring (IMM) group at ISO New England. Market monitoring is responsible for protecting both consumers and market participants in the wholesale electricity markets by mitigating the impacts of uncompetitive bidding, identifying and reporting market design issues and market manipulation, and evaluating market performance. In fulfilling this role, we rely on a multidisciplinary team with expertise in economics, financial analysis, engineering, data science and law.

Requirements

Master’s Degree in Economics, Finance, Applied Math, or related field, and 5+ years of relevant experience required. A Bachelor’s Degree in Economics, Finance, Applied Math, or related field, and additional years of relevant experience may be considered in lieu of a Master’s Degree.
Extensive experience in wholesale electricity markets and the electric industry, to include understanding the associated auction and settlement design features
Excellent written and verbal communication skills; Ability to communicate complex findings and ideas in plain language at an executive, board member, or regulator level
Experience in applying strong quantitative and data analysis skills to electricity market problems, with an emphasis on leveraging large and complex data using SAS or a similar programming language
Ability to conduct forensic-like investigations of market outcomes and participant behavior
Demonstrated ability to work efficiently and collaboratively with others in a team environment

Responsibilities

Market Surveillance
Continually track market outcomes, identify and explain key drivers, trends and outliers
Design, develop and run screening tools to identify market performance issues, non-compliance with market rules and uncompetitive behavior
Identify and source relevant data through research and proactive engagement with colleagues
Build data queries and perform analysis in a programming language
Economic Analysis
Scope and perform empirical analysis of market performance, market efficiency and behavior
Evaluate how the market is performing under current design and rules and identify potential enhancements to address gaps
Review and assess whether new market designs and rules enhance the efficiency and functioning of the market and actively provide input on design features
Reporting
Present complex and technical content to a diverse audience through written reports and presentations
Write clear and insightful content, collaborate with colleagues to make connections between report sections
Investigations
Identify market outcomes and market participant behavior that warrants further investigation and analysis
Conduct investigations and make referrals to the federal energy regulator
Mentoring team members