Energy Jobline ZR
Market Development Analyst (Hybrid) in Folsom
Energy Jobline ZR, Folsom, California, United States, 95630
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The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California’s power grid. We safeguard the economy and well-being of 30 million Californians by operating the grid reliably 24/7.
As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.
The California ISO’s function is often compared to that of air‑traffic controllers. It would be grossly unfair for air‑traffic controllers to represent one airline and profit from allowing that company's planes to go through before others. In the same way, the California ISO operates independently—managing the electron traffic on a power grid we do not own—making sure electricity is safely delivered to utilities and consumers on time and reliably.
The California ISO is committed to the health, safety, and work/life integration of its employees, and is proud to offer flexible work arrangements. This position would be eligible to participate in a hybrid work capacity.
Relocation assistance is available.
Job Description Under the general direction of the Manager, responsible for the advanced analytics needed to support the ISO’s data‑driven policy decisions and development of market design. Analyzes large sets of energy market data, identifying trends and patterns, providing insights to support business decisions. Participates in market design and development efforts to ensure policy and software business rules and processes provide intended solutions. Uses optimization principles and techniques to assess market solutions and model formulations. Uses data science techniques for predictive and descriptive analytics of energy market, reliability services, pricing, and evaluates the performance of energy market design to support the real‑time operations and market operations for the California ISO.
PRINCIPAL DUTIES AND RESPONSIBILITIES
Develop data science algorithms for predictive analytics and support the successful development of market design and policies. Perform descriptive analytics for the energy market including day‑ahead and real‑time, energy and reliability services, congestion revenue rights as well as operational performance. Develop and implement business solutions such as new market products and/or new market constraints and procedures. Work on moderately complex engineering problems and provide engineering support in the market software as needed to determine optimality of market solutions.
Support the production activities for default energy bid (DEB) calculations, commitment costs, including complex analysis of all components of the default bids and commitment costs, to ensure the accuracy of the inputs and the calculation of the bids, and its impact on the market outcomes. Leverage engineering principles, production cost modeling, and simulation to evaluate market participant requests for adjustments to major maintenance adders, while analyzing resource operating characteristics, market operations, and price volatility. Utilize complex mathematical optimization models to compute opportunity costs for gas‑based units, ensuring adherence to ISO Tariff regulations and business practice manuals. Support the evaluation and negotiation of custom DEBs and opportunity costs, balancing analytical precision with market compliance to optimize overall market efficiency and operational performance.
Monitor, analyze, and report on market results, its efficiency and effectiveness. Detect emerging market trends, such as prices and cost spikes, and identify root causes of market design gaps. May develop and implement long‑term market metrics and identify systemic market issues. Develop and present reports; build interactive dashboards, and visualizations to communicate insights and trends.
Participate in cross‑functional teams as assigned. Collaborate with market participants, regulators, and other stakeholders to develop analytics to support business decisions and market design. Provide technical, analytical and reporting support to internal business units and external entities.
Support the development of new data‑driven products and services related to energy markets. Stay up‑to‑date with the latest developments in energy markets, data science, and technology.
Qualifications Level of Education and Discipline Bachelor's degree (BA, BS) or equivalent education, training or experience in Electrical Engineering, Data Science, Computer Science, Statistics, Mathematics, Economics or related field. Master’s Degree.
Amount of Experience Equivalent years of education and training, plus two (2) or more years related experience.
Type of Experience
Strong analytical and quantitative skills, with experience in data science.
Knowledge of energy markets, energy policies, and regulations.
Exposure and experience with applied optimization principles and techniques, power system operations and market design.
Experience with programming such as R, Python, or SQL.
Familiarity with data visualization tools and techniques.
Additional Skills and Abilities Strong verbal and written communication and documentation skills required, with a demonstrated attention to detail. Ability to use deductive reasoning and analytical thinking with sound judgment and decision‑making skills. Strong interpersonal and conflict resolution skills are also essential. Must be self‑starting and willing and able to work independently in a dynamic corporate organization under pressure of tight deadlines and aggressive expectations. Problem‑solving skills with the ability to influence others without direct authority. Must be able to work effectively in a team environment as facilitator and team member. Must be proficient with Microsoft Office Suite. Strong mathematical analytical skills are required, including the ability to communicate effectively complex technical and mathematical materials and concepts.
Additional Information The pay range for the Market Development Analyst is $45.10 – $75.18 per hour.
If you are interested in applying for this job please press the Apply Button and follow the application process. Energy Jobline wishes you the very best of luck in your next career move.
#J-18808-Ljbffr
We focus on the Oil & Gas, Renewables, Engineering, Power, and Nuclear markets as well as emerging technologies in EV, Battery, and Fusion. We are committed to ensuring that we offer the most exciting career opportunities from around the world for our jobseekers.
The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California’s power grid. We safeguard the economy and well-being of 30 million Californians by operating the grid reliably 24/7.
As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.
The California ISO’s function is often compared to that of air‑traffic controllers. It would be grossly unfair for air‑traffic controllers to represent one airline and profit from allowing that company's planes to go through before others. In the same way, the California ISO operates independently—managing the electron traffic on a power grid we do not own—making sure electricity is safely delivered to utilities and consumers on time and reliably.
The California ISO is committed to the health, safety, and work/life integration of its employees, and is proud to offer flexible work arrangements. This position would be eligible to participate in a hybrid work capacity.
Relocation assistance is available.
Job Description Under the general direction of the Manager, responsible for the advanced analytics needed to support the ISO’s data‑driven policy decisions and development of market design. Analyzes large sets of energy market data, identifying trends and patterns, providing insights to support business decisions. Participates in market design and development efforts to ensure policy and software business rules and processes provide intended solutions. Uses optimization principles and techniques to assess market solutions and model formulations. Uses data science techniques for predictive and descriptive analytics of energy market, reliability services, pricing, and evaluates the performance of energy market design to support the real‑time operations and market operations for the California ISO.
PRINCIPAL DUTIES AND RESPONSIBILITIES
Develop data science algorithms for predictive analytics and support the successful development of market design and policies. Perform descriptive analytics for the energy market including day‑ahead and real‑time, energy and reliability services, congestion revenue rights as well as operational performance. Develop and implement business solutions such as new market products and/or new market constraints and procedures. Work on moderately complex engineering problems and provide engineering support in the market software as needed to determine optimality of market solutions.
Support the production activities for default energy bid (DEB) calculations, commitment costs, including complex analysis of all components of the default bids and commitment costs, to ensure the accuracy of the inputs and the calculation of the bids, and its impact on the market outcomes. Leverage engineering principles, production cost modeling, and simulation to evaluate market participant requests for adjustments to major maintenance adders, while analyzing resource operating characteristics, market operations, and price volatility. Utilize complex mathematical optimization models to compute opportunity costs for gas‑based units, ensuring adherence to ISO Tariff regulations and business practice manuals. Support the evaluation and negotiation of custom DEBs and opportunity costs, balancing analytical precision with market compliance to optimize overall market efficiency and operational performance.
Monitor, analyze, and report on market results, its efficiency and effectiveness. Detect emerging market trends, such as prices and cost spikes, and identify root causes of market design gaps. May develop and implement long‑term market metrics and identify systemic market issues. Develop and present reports; build interactive dashboards, and visualizations to communicate insights and trends.
Participate in cross‑functional teams as assigned. Collaborate with market participants, regulators, and other stakeholders to develop analytics to support business decisions and market design. Provide technical, analytical and reporting support to internal business units and external entities.
Support the development of new data‑driven products and services related to energy markets. Stay up‑to‑date with the latest developments in energy markets, data science, and technology.
Qualifications Level of Education and Discipline Bachelor's degree (BA, BS) or equivalent education, training or experience in Electrical Engineering, Data Science, Computer Science, Statistics, Mathematics, Economics or related field. Master’s Degree.
Amount of Experience Equivalent years of education and training, plus two (2) or more years related experience.
Type of Experience
Strong analytical and quantitative skills, with experience in data science.
Knowledge of energy markets, energy policies, and regulations.
Exposure and experience with applied optimization principles and techniques, power system operations and market design.
Experience with programming such as R, Python, or SQL.
Familiarity with data visualization tools and techniques.
Additional Skills and Abilities Strong verbal and written communication and documentation skills required, with a demonstrated attention to detail. Ability to use deductive reasoning and analytical thinking with sound judgment and decision‑making skills. Strong interpersonal and conflict resolution skills are also essential. Must be self‑starting and willing and able to work independently in a dynamic corporate organization under pressure of tight deadlines and aggressive expectations. Problem‑solving skills with the ability to influence others without direct authority. Must be able to work effectively in a team environment as facilitator and team member. Must be proficient with Microsoft Office Suite. Strong mathematical analytical skills are required, including the ability to communicate effectively complex technical and mathematical materials and concepts.
Additional Information The pay range for the Market Development Analyst is $45.10 – $75.18 per hour.
If you are interested in applying for this job please press the Apply Button and follow the application process. Energy Jobline wishes you the very best of luck in your next career move.
#J-18808-Ljbffr