About the role

Aplyr's Quick Take

This role is for a Senior Economist focused on shaping and analyzing wholesale energy market designs. You'll be evaluating market rules, conducting econometric analyses, and collaborating with various stakeholders to enhance market efficiency and reliability. It's primarily an individual contributor role with a strong emphasis on technical analysis and communication.

Good fit

Ideal candidates have at least 5 years of experience in economic analysis, particularly in energy markets, and possess strong quantitative skills. A background in economics or mathematics, along with the ability to communicate complex ideas clearly, will help you thrive here.

Worth noting

The position offers a hybrid work arrangement, which is a plus for work-life balance. However, the role demands a high level of technical expertise and may involve presenting complex information to diverse audiences, which could be challenging for less experienced candidates.

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

Aplyr's read

PJM Interconnection is a critical player in the U.S. energy sector, attracting professionals focused on innovation and infrastructure integrity.
Synthesized from recent postings & public sources

What's promising

•PJM plays a crucial role in ensuring electricity reliability across multiple states.
•The company offers diverse career opportunities in engineering, compliance, and market design.
•PJM's strategic initiatives focus on integrating renewable energy sources into the grid.

What to watch

•The energy sector faces regulatory uncertainties that could impact PJM's operations.
•High-stakes environment may lead to stress due to the critical nature of their work.
•Limited public information about employee satisfaction and company culture.

Why PJM

•PJM is one of the largest regional transmission organizations in the U.S.
•The company coordinates a competitive wholesale electricity market.
•PJM's work directly impacts energy policy and infrastructure development.

Aplyr’s read is generated by AI from public sources. Was it useful?

About PJM

PJM

pjm.com

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PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in parts of the United States.