Market Design Specialist (Capacity and New Resource Integration)

New York ISO•Rensselaer, NY

3d•Hybrid

About The Position

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on over 11,000 circuit-miles of high-voltage transmission lines and dispatches power from hundreds of generating units across the state. The NYISO applies cutting-edge technology to operate a reliable electricity system, manage competitive markets for wholesale electricity, and plan for the state's energy future. The Market Structures department is seeking a full-time Market Design Specialist to act as a technical expert in the design, modification, and implementation of market rules for the NYISO’s market products. This role involves collaborating with internal and external stakeholders to research, design, and develop new and enhanced market rules and products. The specialist will also assist in developing new business processes, market rules, and tariff changes, and will lead the development of business requirements for new market designs. Responsibilities include presenting proposals to stakeholders, acting as a primary point of contact between market participants and internal NYISO stakeholders, and supporting project teams in implementing market designs. Successful candidates will be self-motivated, possess leadership skills, have experience managing competing priorities and vendor relationships, and demonstrate strong judgment, communication, problem-solving, and decision-making abilities.

Requirements

Bachelor’s Degree in Engineering, Operations Research, Finance, Economics or other related technical field required.
Minimum of two years NYISO experience or three years of energy industry or professional experience, including ISO-specific experience.
Must have demonstrated understanding of power industry and/or commodity markets.
Intermediate competency in Windows operating environment using MS Office applications, e-mail and internet programs.
Proficiency in common statistical analysis software programs.
Ability to concisely summarize and visualize complex data using a multitude of data visualization techniques (graphs, maps, charts, tables, figures, etc.).

Nice To Haves

Knowledge of Power Systems Engineering and/or Economics is preferred.
Master’s Degree strongly preferred.
Business experience in electric power systems or wholesale electric markets desired; or an equivalent combination of education, training and experience.

Responsibilities

Analyze NYISO markets to identify potential market design flaws and opportunities for improvements in both market effectiveness and efficiency, focusing on market outcomes related to system conditions, market participant behavior, reliability needs, and public policies.
Gather, organize, summarize, distribute, and act upon expert feedback from internal NYISO subject matter experts, NYISO consultants, and external stakeholders.
Analyze market evolution recommendations to determine their feasibility and potential effectiveness in achieving desired outcomes.
Lead the development of product-based solutions to identified problems or recognized needs for increased functionality or effectiveness.
Prepare presentations for and collect information and perspectives from discussions with market stakeholders.
Prepare market design concept reports including conclusions from analysis and recommendations for solutions.
Perform assessments and compile results of impacts to New York consumers from new market solutions.
Facilitate the negotiation of complex rule changes, which often have significant system impacts and may require repeated discussions with stakeholders with differing interests.
Fully develop campaign strategies to move controversial solutions through stakeholder discussions.
Write and review draft tariff modifications, memos to the Board of Directors, and tariff filing letters.
Frequently interact with and support business analysts who document detailed business and software requirements in support of market design implementation.
Ensure that the market vision, market design documents, annual master plan, and product plans remain current and reflect future design opportunities under consideration.
Present market design proposals, project statuses, and reports to NYISO senior management.
Support NYISO Strategic and Business Plan objectives.
Develop understanding of the NYISO regulatory structure including NYISO governance, NYISO tariffs, agreements, and manuals.
Possess an understanding of the processes used to evolve the NYISO’s market designs and how those evolutions work towards the NYISO Mission and Goals.
Review, assess, and develop summary reports of market design features of other ISO/RTO markets.
Act as the primary point of contact between market participants, market design, and business owners.
Represent NYISO in industry forums and conferences as an independent, unbiased source of information on the design and operation of the wholesale markets in New York.
Support system design and functionality for evolving market designs to ensure software and business processes are consistent with the intent of market rule changes.