Sr Market Development Analyst (Remote within Commuting Distance)

Company Description

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 it employees and is proud to offer flexible work arrangements. This position would be eligible to participate in a on-site, hybrid, or local remote schedule. 

Relocation Assistance is available.

Job Description

Under the general direction of the Manager, responsible for developing market metrics in support of market improvements and reporting market performance. Designs, develops and implements long term performance metrics and solutions to resolve market issues. 

What You Will Be Doing: 

• Develops and implements long term market metrics. Identifies systemic market issues. Develops and implements market solutions such as new market products and/or new market constraints. Participates in or leads cross function teams as assigned.
• Monitors, analyzes, reports on market results, its efficiency and effectiveness. Monitors and detects emerging market trends, for example price and cost spikes, and to identify root causes of market design gaps leading to inefficiency by examining the components or determinants of various costs.
• Provides technical, analytical and reporting services to internal business units and external entities. Using SAS, SAS EG and internal ISO business tools and systems, analyze, process and report on various market data trends, including nodal LMP (locational marginal prices), system energy prices, bid cost recovery cost, exceptional dispatches, market disruptions, flexi-ramping constraint cost, real-time imbalance costs, wind/solar generation deviations, etc.
• Complies with federal and local regulatory agency requirements.
• Provides leadership, mentoring, and guidance to other team members and interns as appropriate. Act as a subject matter expert (SME) on market data, metrics and reports for manager and division VP.

Qualifications

Level of Education and Discipline:

Bachelor’s degree (BA, BS) required in Engineering or Economics.  Master Degree preferred.

Amount of Experience:

Five (5) or more years related experience.

Type of Experience

Electricity market and electric utility operations experience required.  Experience using business and statistical analysis and tools, including base SAS and SAS EG programming and SQL required.  Reporting and market metrics/trends design and automation experience required. Charge codes and settlement analysis experience required.  CRR analysis experience required. Day-ahead and real-time market analysis including re-running and analyzing saved cases to determine root causes of price abnormality preferred. In depths knowledge and understanding of the ISO market design required.

Additional Skills and Abilities:

Proficiency and working knowledge in various market systems and data structures. Must be able to work effectively in a team environment as facilitator and team member.  Excellent analytical, 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.  Excellent 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.  Self-motivated, problem solving skills and the ability to influence others without direct authority. 

Additional Information

The pay range for the Sr Market Development Analyst position is $100,875 - $168,125 annually.

We will also consider the Market Development Analyst position.  This position requires