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Sr Market Engineering Specialist (Hybrid)

Folsom, CA, United States

Job Description

Under the general direction of the Manager, responsible for production activities related to default energy bids and opportunity costs using complex mathematical models and analyzing market processes. Provides guidance and analysis to other departments and external entities with the evaluation of production cost, default energy bids, gas dynamics, opportunity costs, and market and power systems operations. Participates in design and development efforts to ensure software business rules and processes comply with the ISO Tariff and FERC requirements.

What's In It For You?

* An opportunity to work on interesting and challenging assignments involving the mathematical and economic analysis of the California ISO markets.* You will play a key role in the strategic vision of the California ISO.* Join an innovative organization that is working hard at keeping its reputation as a leader in the energy industry!

Your Work Would Consist Of:

* Responsible for the production activities related to default energy bid calculations, including analysis of all components of the default bids, ensuring the accuracy of the inputs and calculation of the bids, and evaluating the impact on the market outcomes.* Provides oversight on the default energy bid and gas price event business processes and performs analysis as needed to ensure the timely updates of input and changes to the logic of the default bid calculation.* Evaluates adjustments to major maintenance adders requested by market participants using knowledge of production cost, generation models, market operations, resource operating characteristics, and price analysis.* Calculates opportunity costs for gas-based units using mathematical profit-maximization models. Performs evaluation of negotiated default energy bids and opportunity costs as requested by market participants, adhering to the ISO Tariff and business practice manuals.* Identifies and resolves implementation, design and integration-related problems or potential problems within assigned areas of generation and opportunity costs.* Participates in market design and development efforts to identify new measures necessary to define opportunity costs for generating facilities. Develops business procedures and methods as needed.

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