Wholesale Electricity Market Analyst (Hybrid)

The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California's power grid. We safeguard the economy and well-being of 30 million Californians by operating the grid reliably 24/7. As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.

About the Role

The Market Validation and Quality Analyst works on complex mathematical and market analytical assignments under the general direction of the Manager. Provides technical expertise to other departments and external entities related to price validation, electricity market applications, and power systems operations. Supports the department to ensure software business rules comply with the ISO Tariff and FERC requirements.

Our purpose is to lead the way to tomorrow's energy network. Make a difference and impact millions of people who depend on electricity in their everyday lives. You will work in an extremely collaborative environment inside our LEED-certified Folsom, California campus and may participate in a hybrid work capacity. Relocation assistance is available.

Responsibilities

• Performs mathematical and economics analysis of market software and power systems applications results to determine validity of prices and congestion, and optimality of solutions with respect to the market model, incurred cost, and impact on reliability of the power system grid.
• Supports the validation and testing of market outcomes to address market participants’ disputes or inquiries; assists in the evaluation of problems and their alternative courses of action.
• Performs duties needed to supplement the design of market operations software, processes, and policies; provides technical expertise related to cost optimization technologies, market clearing economic principles, transmission system, resource operating characteristics, and price analysis.
• Assists in identifying and resolving implementation, design, and integration-related problems or potential problems within assigned areas; may propose solutions to such issues.
• Demonstrates an understanding of policy issues and related matters.
• May participate in market design and development efforts to identify new measures necessary to validate market results and leverage opportunities for incorporating features that will improve market solution quality.
• May develop business procedures and methods as needed.
• Supports our Grid Operations Control Room with analysis and validation in a remote and in-person capacity.

Requirements

• Bachelor's degree (BA, BS) or equivalent education, training, or experience in Engineering with a Power Systems focus, Operations Research, Economics, Finance, or related field. Master's degree preferred.
• Two (2) or more years of related experience.
• A combination of experience in any of the following disciplines:
  • Utility/power industry, preferably in a similar ISO
  • System analysis
  • Operations research
  • Regulatory and/or economic analysis
  • Data analysis
  • Real-time applications development
• Experience in the design, development, or implementation of computational methods of market models.
• Exposure and experience with applied optimization principles and techniques, power system operations, and market design.

Skills

• Ability to think technically and provide practical, feasible solutions to problems while considering multiple conflicting factors.
• Strong interpersonal, communication, and writing skills.
• Strong mathematical analytical skills, including the ability to effectively communicate complex technical and mathematical materials and concepts.
• Ability to work effectively in a team environment as a facilitator and team member.
• Ability to handle a dynamic and changing work environment and work independently with minimal supervision.

Pay

The pay range for this position is $45.10 - $63.15 per hour.