Associate Energy Market Analyst

ISO New England, Inc•Holyoke, MA

1d•$72,000 - $93,000•Hybrid

About The Position

ISO New England is the independent system operator responsible for the safe and reliable flow of electricity in the region and for planning the future of the electric grid. Its Internal Market Monitoring (IMM) group safeguards the competitiveness and integrity of wholesale electricity markets by mitigating uncompetitive behavior, identifying market design issues, monitoring participant conduct, and assessing market performance. The Associate Energy Market Analyst supports implementation of market power mitigation rules so energy market prices reflect competitive conditions. The analyst conducts production-cost and financial analyses, evaluates energy and capacity market offers, monitors participant compliance, and helps assess mitigation rules. The role includes engagement with project owners and market participants, preparation of market reports, and development of analytical tools for market oversight. It also participates in a three- to four-person monitoring and mitigation on-call rotation, with some weekend coverage required. This is a hybrid, U.S.-based role with three days per week onsite. Distance-based relocation assistance is available; a successful candidate who resides outside the United States must relocate. The employer does not sponsor work visas for this position.

Requirements

Bachelor’s or master’s degree in economics, finance, engineering, business administration, or a related field.
Experience or strong interest in wholesale electricity markets or the electric utility industry.
Strong quantitative analytical skills, including the ability to assess market participant strategies from a profit-maximizing perspective, identify anomalous market behavior, and assess exploitable gaps in market rules.
Experience working with large, complex data sources and drawing insights from them.
Proficiency with Excel and programming languages such as SAS or SQL.
Demonstrated ability to collaborate, manage tight deadlines, and communicate technical concepts clearly.
Excellent written and verbal communication skills.

Nice To Haves

Familiarity with electricity and gas market fundamentals and the drivers of production and opportunity costs.
Knowledge of power plant cost structures across the asset life cycle.
Experience with R or Python.
Knowledge of physical gas markets, including trading, fuel supply optimization, or risk hedging.
Financial modeling skills, including proficiency with discounted cash flow techniques.
Experience with risk evaluation techniques.

Responsibilities

Maintain and enhance production-cost models to determine competitive benchmarks (reference levels) for energy-market and ancillary-service mitigation.
Assess the accuracy and reasonableness of benchmark inputs, including heat rates and variable operation and maintenance costs.
Develop financial and engineering models to estimate generators’ marginal and opportunity costs.
Perform mitigation activities under market rules, including participation in the monitoring and mitigation on-call rotation; some weekend coverage is required.
Prepare and refine market reports summarizing outcomes, competitiveness, and mitigation activity.
Evaluate capacity-market offers by reviewing financial models, project documentation, risk assessments, and engineering analyses.
Support the development, testing, and deployment of analytical tools for energy and capacity market mitigation, identifying tariff violations, and detecting potential market manipulation.
Design, develop, and run screening tools to identify noncompliance with market rules and uncompetitive behavior.
Identify market participant behavior warranting further investigation and analysis.