Market Design Specialist, Energy Market Design

Summary

Join the New York Independent System Operator (NYISO) as a Market Design Specialist to contribute to the efficient flow of electricity on high-voltage transmission lines and design market rules for wholesale electricity. The successful candidate will work collaboratively with internal and external stakeholders, analyze markets, gather feedback, and lead the development of product-based solutions.

Requirements

• Bachelor’s Degree in Engineering, Operations Research, Finance, Economics or other related technical field required
• Knowledge of Power Systems Engineering and/or Economics is preferred. Master’s Degree strongly preferred or equivalent combination of education and experience
• Two years NYISO experience or three years of energy industry or professional experience, including ISO-specific experience, strongly preferred
• Demonstrated understanding of power industry and/or commodity markets; business experience in electric power systems or wholesale electric markets desired
• Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal
• Ability to respond to common inquiries or complaints from market participants, regulatory agencies or members of the business
• Ability to write speeches and articles for publication that conform to prescribed style and
• Ability to effectively present information to top management, public groups and/or board
• Ability to work with mathematical concepts such as probability and statistical inference
• Ability to apply concepts such as fractions, percentages, ratios and proportions to practical
• Ability to comprehend and apply principles of modern algebra and statistical
• Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems
• Ability to work with nonverbal symbolism (formulas, scientific equations, graphs, ,)
• Ability to work with a variety of abstract and concrete
• Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet
• Proficiency in common statistical analysis software
• Ability to concisely summarize and visualize complex data using a multitude of data visualization techniques (graphs, maps, charts, tables, figures, )

Responsibilities

• Analyze NYISO markets to identify potential market design flaws and opportunities for improvements in both market effectiveness and Such analysis will focus on market outcomes as they relate to various system conditions, market participant behavior, reliability needs and public policies
• Gather, organize, summarize, distribute, and act upon expert feedback from internal NYISO subject matter experts, NYISO consultants, and external
• Analyze market evolution recommendations to determine their feasibility and their potential effectiveness to achieve desired
• Lead the development of product-based solutions to problems identified or recognized needs for increased functionality or
• Prepare presentations for and collect information and perspectives from discussions with market stakeholders
• Prepare market design concept reports including conclusions from analysis and recommendations for solutions
• Perform assessments and compile results of impacts to New York consumers from new market solutions
• Facilitate the negotiation of complex rule changes, which often have significant system impacts and may require repeated discussions with stakeholders who have differing
• Fully develop campaign strategies to move controversial solutions through stakeholder
• Write and review draft tariff modifications, memos to the Board of Directors, and tariff filing
• Frequently interact with and support the business analysts who document detailed business and software requirements in support of the market design
• Ensure that the market vision, market design documents, annual master plan, and product plans remain current and reflects future design opportunities under
• Present market design proposals, project statuses, and reports to NYISO senior
• Support NYISO Strategic and Business Plan
• Develop understanding of the NYISO regulatory structure including NYISO governance, NYISO tariffs, agreements and
• Possess an understanding of the processes used to evolve the NYISO’s market designs and how those evolutions work towards the NYISO Mission and
• Review, assess and develop summary reports of market design features of other ISO/RTO
• Act as the primary point of contact between market participants, market design, and business
• Represent NYISO in industry forums and conferences as an independent, unbiased source of information on the design and operation of the wholesale markets in New
• Support system design and functionality for evolving market designs in order to ensure software and business processes are consistent with the intent of market rule