Market Development Analyst; Hybrid

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 isproud to offer flexible work arrangements.

This position would be eligible to participate in a hybrid work capacity,

Relocation assistance is available.

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

• Develops data science algorithms for predictive analytics and supports the successful development of market design and policies. Performs descriptive analytics for the energy market including day-ahead and real-time, energy and reliability services, congestion revenue rights as well as operational performance. Develops and implements business solutions such as new market products and/or new market constraints and procedures. Works on moderately complex engineering problems and provides engineering support in the market software as needed to determine optimality of market solutions.
• Supports 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. Leverages engineering principles, production cost modeling, and generation simulation to evaluate market participant requests for adjustments to major maintenance adders, while analyzing resource operating characteristics, market operations, and price volatility.
  
  Utilizes complex mathematical optimization models to compute opportunity costs for gas-based units, ensuring adherence to ISO Tariff regulations and business practice manuals. Supports the evaluation and negotiation of custom DEBs and opportunity costs, balancing analytical precision with market compliance to optimize overall market efficiency and operational performance.
• Monitors, analyzes and reports on market results, its efficiency and effectiveness. Monitors and detects 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. Develops and presents reports; builds interactive dashboards, and visualizations to communicate insights and trends.
• Participates in cross functional teams as assigned. Collaborates with market participants,…