NYISO · 4 hours ago
Market Design Specialist (Capacity and New Resource Integration)
Rensselaer, NY
Full-time
Hybrid
Mid Level
$78K/yr - $131K/yr
3+ years expThe New York Independent System Operator (NYISO) manages the efficient flow of electricity across high-voltage transmission lines and seeks a Market Design Specialist to join their Market Structures department. The role involves acting as a technical expert in designing and implementing market rules, collaborating with stakeholders, and developing new business processes and market enhancements.
ElectronicsEnergy
Responsibilities
Analyze NYISO markets to identify potential market design flaws and opportunities for improvements in both market effectiveness and efficiency. Such analysis will focus on market outcomes as they relate to various 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 their potential effectiveness to achieve desired outcomes
Lead the development of product-based solutions to problems identified 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 who have 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 the business analysts who document detailed business and software requirements in support of the market design implementation
Ensure that the market vision, market design documents, annual master plan, and product plans remain current and reflects 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 in order to ensure software and business processes are consistent with the intent of market rule changes
Qualification
Required
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
Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents
Ability to respond to common inquiries or complaints from market participants, regulatory agencies or members of the business community
Ability to write speeches and articles for publication that conform to prescribed style and format
Ability to effectively present information to top management, public groups and/or board members
Ability to work with mathematical concepts such as probability and statistical inference and fundamentals of geometry / trigonometry
Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations
Ability to comprehend and apply principles of advanced calculus, modern algebra and advanced statistical theory
Ability to work with concepts such as limits, rings, quadratic and differential equations and proofs of theorems
Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems
Ability to work with nonverbal symbolism (formulas, scientific equations, graphs, etc.,) in its most difficult phases
Ability to work with a variety of abstract and concrete variables
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.)
Preferred
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
Benefits
Comprehensive benefits package
Innovative reward programs
Company
NYISO
Reliably managing NY’s power grid & energy markets
501-1000 employees
H1B Sponsorship
NYISO has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (26)
2024 (36)
2023 (23)
2022 (26)
2021 (20)
2020 (19)
Funding
Current Stage
Late StageLeadership Team
Richard J. Dewey
President and CEO
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