Location: Carmel, IN
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.
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 need someone who thrives in complexity, loves problem-solving, and has the vision to see opportunities before they’re obvious. Our candidate will also have:
- 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 experience required.
- Economist: Master’s degree in Economics,
- At least two years of 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.
While not required, it would be a plus if you had any of the following:
- Previous deregulated wholesale electricity market or utility experience.
- Previous energy industry experience with a regional transmission organization (RTO) market participant.
- Possess NERC certification.
Appropriate level will be determined based upon experience and knowledge.
This is your opportunity to shape the future of energy. Apply today and join us in revolutionizing the transmission industry!
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.
Transformative innovation is happening in the electric industry, from digitalizing homes and distributed resources to renewable energy and an ever-changing grid. MISO manages the electricity superhighway in the Central U.S. Using groundbreaking research and sophisticated technology, our highly skilled employees ensure power flows reliably to 45 million people throughout North America. Operating the electricity grid, running a robust energy market, and planning for a bright future – it’s what our immensely hard-working and dedicated team does every day.
MISO, The Work We Do
Join #TeamMISO to be a driving force as we build the grid of the future.
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Skills Required
- Bachelor's degree in Electrical/Electronic/Computer Engineering or related engineering field
- At least 4 years of related engineering experience
- Master's degree in Economics
- At least 2 years of related economist experience
- Experience in power system analysis and operation and associated software development
- Experience in statistical and econometrics analysis
- Experience in market analysis and market design
- Experience with optimization algorithms and econometrics
- Previous deregulated wholesale electricity market or utility experience
- Previous energy industry experience with a regional transmission organization (RTO) market participant
- Possess NERC certification
What We Do
Midcontinent Independent System Operator (MISO) is an independent, not-for-profit organization that delivers safe, cost-effective electric power across 15 U.S. states and the Canadian province of Manitoba. MISO is committed to the reliable, non-discriminatory operation of the bulk power transmission system and collaborating with all stakeholders to create cost-effective and innovative solutions for our changing industry. MISO operates one of the world’s largest energy markets with approximately $22 billion in annual gross market energy transactions.
