Market Design Specialist

Market Design Specialist

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state.

New York Independent System Operator in Rensselaer, NY seeks a Market Design Specialist to act as technical expert in the design, modification, and implementation of market rules for the NYISO's market products. This position will work collaboratively with internal & external NYISO stakeholders to facilitate & support the research & design of new market rules & products & develop enhancements to existing market rules & products. And will assist in the development of new business processes, market rules, & tariff changes.

The Market Design Specialist will lead the development of business requirements to implement new market designs. S / he will present proposals for new & evolving market designs and rules to NYISO stakeholders, including internal NYISO staff, senior management, market participants, and others. S / he will act as the primary point of contact between market participants and internal NYISO stakeholders. S / he will support project teams with the implementation of market designs.

Specifically, the Market Design Specialist will :

• Review and study market outcomes of existing market design to identify opportunities for improving market effectiveness & efficiencies.
• Analyze NYISO markets to identify potential market design flaws & opportunities for improvements in both market effectiveness and efficiency. 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, & act upon expert feedback from internal NYISO subject matter experts, NYISO consultants, & external stakeholders.
• Analyze market evolution recommendations to determine feasibility & potential effectiveness to achieve desired outcomes.
• Develop an understanding of the NYISO regulatory structure including NYISO governance, NYISO tariffs, agreements & manuals.
• Review, assess & develop summary reports of market design features of other ISO / RTO markets.
• Develop professional relationships with neighboring ISO / RTO's market staff to allow for exchange of ideas and collaboration in market design.
• Monitor national trends & federal & state regulatory policies for early identification of potential opportunities or impacts for NYISO markets.
• Study systems & functionality of existing market design in order to analyze them and interact with stakeholders to design improvements.
• Lead the development of product-based solutions to problems identified or recognized needs for increased functionality or effectiveness. Prepare reports including conclusions of analysis and recommendations for solutions. Prepare impact analyses and reports. Prepare, present and defend market design recommendations for review with senior management, market participants and regulators.
• Perform assessments and compile results of impacts to NY consumers from new market solutions.
• Fulfill role of primary interface between market participants and NYISO product development & business owners to collect & share information & perspectives.
• Collect information & perspectives through discussion with market stakeholders.
• Negotiate complex rule changes which often have significant system impact & may require repeated discussions with stakeholders who have differing interests. Develop campaign strategies to move controversial solutions through stakeholder discussions.
• Write & review draft tariff modifications, memos to the Board of Directors, and filing letters.
• Frequently interact with and occasionally do the work of Product Business Analysts who write software requirements.
• Ensure that the Market Vision and Product Plans remain current and reflects future design opportunities under consideration.
• Present proposals & reports on market design proposals to NYISO senior management.
• Support NYISO Strategic & Business Plan objectives.
• Represent NYISO in industry forums & conferences as an independent, unbiased source of information on the design & operation of the wholesale markets in New York.

Requirements :

Bachelor's degree in Electrical Engineering or closely related field.

The successful candidate must have two years of experience as an analyst in the power / energy industry. Experience required in market data analysis, energy and bidding data analyses, and working with Microsoft Excel VBA, SAS, and Tableau.

Salary Amount / Range $61,360 to $91,000.08