Market Monitoring Economist

Tuesday, February 8, 2022 This role is with the market monitoring group in ISO New England. Market monitoring is responsible for protecting both consumers and market participants by identifying and reporting market design issues, market manipulation, and evaluating market performance. In fulfilling this role, we rely on a multidisciplinary team with expertise in economics, financial analysis, engineering, data science and law.  How You Will Make an Impact This role in the market monitoring group will involve evaluating, explaining, and improving the performance of ISO New England’s $10 billion suite of auction-based electricity markets and conducting investigations into potential price manipulation or exercise of market power in those markets.  Your responsibilities will include: Identify market inefficiencies, problems, and their consequences through economically-sound qualitative assessments and in-depth quantitative analyses; Collaborate with multi-disciplinary teams to develop comprehensive analysis and recommend solutions to challenging market issues; Design and execute empirical assessments of existing market issues and the impacts of potential market design changes by leveraging data analytics and visualization, and simulation techniques;  Develop and articulate recommendations having substantial real-world impacts on New England’s electricity sector. Serve as author or co-author for white papers, reports, and FERC Expert Witness Testimony on analysis of market performance and proposed market design changes; Interpret and explain recommendations to Senior Management, ISO Board members, and key external constituencies as well as represent market monitoring as a subject matter expert at NEPOOL stakeholder meetings. What We Are Looking For Ph.D. in Economics with academic training in micro-economic related areas such as industrial organization, auction theory, mechanism design, energy or environmental economics, regulatory economics, or information economics. Ability to produce economically-sound and insightful assessments of market performance and market design issues. Strong quantitative skills with experience in conducting in-depth empirical analyses with complex datasets in statistical software (e.g. SAS, R, STATA) or performing optimization studies (e.g. Matlab, GAMS). Excellent written and oral communication skills, including the ability to successfully communicate in plain language complex findings and ideas at an executive, board member, or regulator level. Demonstrated ability to work effectively and collaboratively in a team environment. Candidates are not required to have knowledge of how competitive electricity markets work or to have previously conducted research in energy economics – though any such background is a plus.  ISO New England oversees the 24/7 operation of the power grid that covers the six-states of New England and administers the region’s $10+ billion “stock exchange” for the buying and selling of wholesale electricity. The power system is constantly evolving as new technologies emerge and energy policies evolve. There is a lot going on at our organization behind the scenes to make sure the grid continuously yields reliable electricity at competitive prices while addressing the unique challenges that come along with our industry.ISO New England has a mandatory COVID-19 vaccination policy.What We Offer: ISO New England is located in Holyoke, MA. The company provides a base salary plus bonus, competitive Medical and Dental plan, paid vacation, 401k with company match, retirement plan, continuous training and more. All benefits start on your first day.Equal Opportunity: We are proud to be an EEO/AA employer. Applicants for employment are considered without regard to race, creed, color, citizenship, religion, sex, sexual orientation, marital status, national origin, age, disability, status as a veteran, Vietnam Era Veteran, or being a member of the Reserves or National Guard.Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.Social Networking Notice: ISO New England reserves the right to review the candidate's postings on any social networking site accessible in the public domain as part of the candidate assessment process. Other details Pay Type Salary Apply Now