Market & Optimization Scientist
About The Position
ISO New England is the independent system operator responsible for ensuring the safe and reliable flow of electricity in the region and planning for the future of the electric grid. The Market Solutions & Optimization Technology group designs, models, and analyzes ISO markets; applies advanced optimization technology to ISO problems; and conducts interdisciplinary research in power system economics, optimization, and engineering. The group collaborates with engineers, economists, and external research entities to develop solutions to industry challenges. As a scientist, you will apply mathematical optimization, economic theory, and power system engineering to challenges in ISO markets, operations, and planning. You will analyze problems, design innovative solutions, develop prototypes, and oversee implementation. This U.S.-based role has a hybrid work environment with three onsite days per week. Relocation assistance is available based on distance; candidates residing outside the U.S. must relocate.
Requirements
- A Master's or Ph.D. degree in Electrical, Industrial, or Systems Engineering, Operations Research, or a related area.
- Strong knowledge or experience in power system modeling, analysis, and optimization.
- Good understanding of electricity markets, power system operations, and planning.
- Experience with optimization solvers such as CPLEX or GUROBI and programming languages such as Java or Python.
- Excellent written and verbal communication skills and analytical skills.
- Five or more years of experience for the Senior/Lead level.
Responsibilities
- Analyze and assess market designs or operations and planning processes.
- Develop and prototype models and solutions for market design and optimization problems.
- Research electricity market designs to facilitate the region's transition to clean energy.
- Research optimization technologies to improve electricity market scheduling and pricing.
- Perform market, operations, and planning simulations and analyze the results.
- Assist other ISO departments in identifying, analyzing, and solving problems.
- Support stakeholder processes and FERC filings.
- Oversee implementation of developed solutions.
Benefits
- Competitive compensation with a base salary and performance bonus.
- Enhanced 401(k) and financial planning support.
- Tuition reimbursement and professional development.
- Wellness programs, including an onsite gym.
- Flexible work hours.
- Free coffee at the onsite café.
- Distance-based relocation assistance.
- Comprehensive health insurance, including medical, dental, and vision.
- Flexible spending and health savings accounts.
- 401(k) plan with generous employer contributions.
- Student debt benefit.
- Life and AD&D insurance.
- Disability insurance.
- Critical illness and hospital indemnity benefits.
- Paid time off and paid leave.
- Employee assistance program.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
