PJM

(Sr.) Economist I (II)

PJM • $90K — $130K *
Audubon, PA 19407Hybrid
Energy & Utilities
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Economics or Mathematics; a Master's degree in Engineering or Economics is preferred.
  • Strong attention to detail in producing high-quality reports and analyses.
  • Experience in both quantitative and qualitative analysis techniques.
  • Proficient in applying mathematical and electrical theory to real-world scenarios.
  • Ability to troubleshoot technical issues and provide support.

Responsibilities

  • Evaluate existing and proposed market rule changes to suggest enhancements.
  • Coordinate empirical analysis with Market Analysis for assessing performance and efficiency.
  • Lead economic theory applications in market design reforms and conduct advanced econometric analysis.
  • Create and deliver presentations of complex market concepts to various audiences.
  • Collaborate with internal and external stakeholders to address intricate market issues.
  • Lead efforts in publishing research papers to enhance PJM's leadership in market design.

Benefits

  • Flexible hybrid work arrangement.
  • Opportunity to influence wholesale energy market design.
  • Collaboration with diverse teams across various sectors.
  • Chance to contribute to advanced research and thought leadership in the energy sector.
Full Job Description
Job Description

Flexible Work Arrangement: Hybrid

A (Sr.) Economist in Market Design is responsible for leading the evolution of PJM's wholesale energy markets. As a member of the Market Design team, you will develop a detailed understanding of the workings of the wholesale electricity market and be responsible for designing, analyzing and defending the market mechanisms that promote grid reliability and economic efficiency. This role will focus on areas such as resource adequacy, price formation, and the integration of emerging technologies.

Essential Functions:
The primary focus of the work in the Market Design department:
  • Evaluate current and new market rules changes and recommend enhancements
  • Coordinate with the Market Analysis department on the scope and results of empirical analysis of market performance, market efficiency and behavior
  • Lead the economic theory behind market design reforms and conduct advanced econometric analysis to understand market outcomes
  • Present complex and technical content to a diverse audience through written reports and presentations
  • Collaborate with internal (market, operations, planning, legal, IT and etc.) and external (IMM, academia, FERC, ISOs, members) business partners to work on challenging problems
  • Lead and support efforts on publishing papers, both internally and externally, to advance PJM's thought leadership in market design.

Characteristics and Qualifications:
Required:
  • Bachelor's degree in Economics, Mathematics, Master's degree in Engineering, Economics or equivalent work experience
  • Ability to produce high-quality work products with attention to detail
  • Experience in quantitative and qualitative analysis
  • Ability to use mathematical and electrical theory
  • Ability to troubleshoot and provide technical support

Preferred:
  • MBA degree, PhD., Economics, PhD., Mathematics
  • At least 5 years of experience apply economic and statistical theory to complex market problems
  • Experience with PJM operations, markets, and planning functions

About PJM

PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia. The company's mission is to ensure the reliability of the power grid and to facilitate the wholesale electricity market. PJM Interconnection operates the largest power grid in North America, serving over 65 million people. The company was founded in 1927 and is headquartered in Audubon, Pennsylvania.
Learn more about PJM
Size
1,600 employees
Industry
Energy & Utilities
Revenue
$12.9 billion
NASDAQ
* Ladders Estimates

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