(Sr.) Economist I (II)

PJM Interconnection•Audubon, PA

8d•Hybrid

About The Position

A (Sr.) Economist in Market Design is responsible for leading the evolution of PJM's wholesale energy markets. As a member of the Market Design team, you will develop a detailed understanding of the workings of the wholesale electricity market and be responsible for designing, analyzing and defending the market mechanisms that promote grid reliability and economic efficiency. This role will focus on areas such as resource adequacy, price formation, and the integration of emerging technologies. PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career. Learn more about PJM by visiting the Learning Center. Discover your potential at PJM Interconnection, an energy industry leader dedicated to diversity and inclusion. We appreciate the unique contributions of individuals from all walks of life and strive to create an inclusive and nurturing environment where everyone can excel. Diversity includes everyone at PJM! If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.

Requirements

Bachelor's degree in Economics, Mathematics, Master's degree in Engineering, Economics or equivalent work experience
Ability to produce high-quality work products with attention to detail
Experience in quantitative and qualitative analysis
Ability to use mathematical and electrical theory
Ability to troubleshoot and provide technical support

Nice To Haves

MBA degree, PhD., Economics, PhD., Mathematics
At least 5 years of experience apply economic and statistical theory to complex market problems
Experience with PJM operations, markets, and planning functions

Responsibilities

Evaluate current and new market rules changes and recommend enhancements
Coordinate with the Market Analysis department on the scope and results of empirical analysis of market performance, market efficiency and behavior
Lead the economic theory behind market design reforms and conduct advanced econometric analysis to understand market outcomes
Present complex and technical content to a diverse audience through written reports and presentations
Collaborate with internal (market, operations, planning, legal, IT and etc.) and external (IMM, academia, FERC, ISOs, members) business partners to work on challenging problems
Lead and support efforts on publishing papers, both internally and externally, to advance PJM’s thought leadership in market design.

Benefits

Medical, vision and dental insurance
401(k) plan with 100% employer match up to 5% of salary
Non-elective 401(k) employer contribution
Vacation and paid holidays
Tuition reimbursement
Life insurance
Accidental death and dismemberment insurance
Short-term and long-term disability coverage
Business travel and accident insurance
Child day care referral program
Employee assistance program
Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.