Principal Market Design Engineer

Location: Carmel IN

As a Principal Market Design Engineer at MISO youll play an important role in evaluating how our wholesale electricity markets are performing today while helping design how they need to operate in the future. Youll use engineering analysis market data and your understanding of power system operations to identify opportunities for improvement and develop solutions that support reliable and efficient grid operations.

Youll work alongside engineers economists market experts and technology teams to evaluate and advance market design changes. Just as importantly youll help communicate your findings and recommendations to internal teams and MISO stakeholders turning complex technical analysis into informed decisions.

In One Year Youll Know Youre Successful If:

You can independently evaluate system and market performance identify meaningful trends or issues and translate your analysis into recommendations that improve MISOs markets. Youll be contributing to new or enhanced market design initiatives and helping advance changes to market models optimization algorithms and policies that improve efficiency reliability and overall market performance.

As Our Principal Market Design Engineer You Will:

• Perform engineering and analytical studies of system and market operations including participant activity pricing trends supply and demand imbalances market anomalies and overall market efficiency.
• Develop and evaluate new or enhanced wholesale electricity market design initiatives as industry and grid needs continue to evolve.
• Assess the impact of proposed market changes on market structure competitiveness efficiency reliability and power system operations.
• Recommend and help implement improvements to market models optimization algorithms and policy provisions.
• Develop and monitor key market performance indicators to evaluate market conditions and identify opportunities for improvement.
• Analyze market and operational data to evaluate the effectiveness of proposed market rule and tariff changes.
• Review MISO market systems for alignment with tariff requirements and recommend system or tariff modifications when appropriate.
• Collaborate across engineering economics technology and other disciplines to develop solutions to complex market design challenges.
• Clearly communicate complex technical findings and market design proposals to internal teams leadership and MISO stakeholders.

Were Looking for Someone With:

• Bachelors degree in Electrical Engineering Computer Engineering Electrical Engineering Technology Electrical & Computer Engineering Electrical & Electronic Engineering or Electronics & Computer Engineering Technology.
• At least eight (8) years of job-related experience.
• At least two (2) years of specific experience in one or more of the following areas:
  • Power system analysis and operations and associated software development
  • Statistical and econometric analysis
  • Market analysis and design
  • Optimization algorithms
  • Econometrics

While not required it would be advantageous to have some of the following:

• Advanced degree.
• Previous deregulated wholesale electricity market or utility experience.
• Previous energy industry experience with a Regional Transmission Organization (RTO) or RTO market participant.
• NERC certification.

If you enjoy digging into complex power system and market challenges and helping design solutions that have a real impact on the reliability and efficiency of the electric grid wed like to hear from you.

The base salary compensation range being offered for this role is $145000$170000 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 401(k) 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 47 million people throughout North America. Operating the electricity grid running a robust energy market and planning for a bright future its what our immensely hard-working and dedicated team does every day.

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Join #TeamMISO to be a driving force as we build the grid of the future.

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Required Experience:

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