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
Employees at PJM work collaboratively to maintain the reliability of North America's largest centrally dispatched electric grid and to operate one of the world's largest competitive wholesale electricity markets. PJM is an independent, federally regulated regional transmission organization, or power grid operator. PJM coordinates the movement and trade of wholesale electricity in all or parts of 13 states and the District of Columbia, keeping the lights on for 61 million people in the region. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career.