Associate Energy Market Analyst

About the Role

ISO New England is seeking an Associate Energy Market Analyst to join its Internal Market Monitoring (IMM) group. This group safeguards the competitiveness and integrity of wholesale electricity markets by mitigating uncompetitive behavior, identifying market design issues, monitoring participant conduct, and assessing overall market performance.

Key Responsibilities

• Support the implementation of market power mitigation rules to ensure energy market prices reflect competitive conditions.
• Gain insights into the capital and operating costs of various generation technologies.
• Engage with project owners and market participants.
• Conduct production cost and financial analyses.
• Evaluate energy and capacity market offers.
• Monitor participant behavior for compliance.
• Assess the effectiveness of mitigation rules.
• Contribute to market reports and analytical tools for market oversight.
• Maintain and enhance production cost models to determine competitive benchmarks.
• Assess the accuracy and reasonableness of benchmark inputs.
• Develop financial and engineering models to estimate generators’ marginal and opportunity costs.
• Perform mitigation activities, including participation in a paid on-call rotation with some weekend coverage.
• Prepare and refine market reports.
• Evaluate capacity market offers.
• Support the development, testing, and deployment of analytical tools.
• Design, develop, and run screening tools to identify non-compliance and uncompetitive behavior.
• Identify market participant behavior that warrants further investigation.

Requirements & Tech Stack

• Bachelor's or Master's degree in economics, Finance, Engineering, Business Administration, or a related field.
• Experience or strong interest in wholesale electricity markets or the electric utility industry.
• Familiarity with electricity and gas market fundamentals and the drivers of production and opportunity costs.
• Knowledge of power plant cost structures is desirable.
• Strong quantitative analytical skills.
• Experienced working with and drawing insights from large and complex data sources.
• Proficiency with Excel and programming languages such as SAS, SQL.
• R or Python experience is a plus.
• Knowledge of physical gas markets is a plus.
• Financial modeling skills, including proficiency with discounted cash flow techniques.
• Risk evaluation techniques experience is desirable.
• Demonstrated ability to work collaboratively, manage tight deadlines, and communicate technical concepts clearly.
• Excellent written and verbal communication skills.

Qualifications

• Hybrid work environment: 3 days/week onsite.
• Distance-based relocation assistance available.
• 3-4 person paid on-call rotation.
• Competitive compensation with a base salary + performance bonus.
• Robust benefits package.
• Flexible work hours.
• Employee Business Networks.
• Stable, mission-driven workplace.