Intern - Market Design

Location: Rensselaer, New York, United States Department: Market Structures

The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future. The NYISO takes pride in recruiting, developing and retaining highly talented individuals. Our summer internship programs give young professionals the opportunity to gain a fundamental understanding of New York electricity markets, bulk electricity systems and how we plan for New York State’s energy future.

The NYISO is seeking two Market Design Interns to support strategic initiatives focused on the evolution of New York's wholesale electricity markets. Interns will contribute to projects that evaluate how market design supports reliability, efficiency, price formation, and long-term investment signals across the electric system.

Working alongside market design professionals, interns will conduct research, perform quantitative analysis, develop analytical tools, and evaluate proposed market enhancements. Project assignments may focus on areas such as capacity market design, reliability analysis, resource accreditation, transmission security, scarcity pricing, operating reserve markets, price formation, and market modeling. Interns will gain exposure to the intersection of economics, engineering, policy, and wholesale market operations while contributing to initiatives that directly support NYISO's mission.

Responsibilities

Conduct research and analysis in support of electricity market design initiatives.

Evaluate market rules, pricing mechanisms, and proposed market enhancements.

Analyze market, operational, and reliability data to identify trends and support decision making.

Apply mathematical, statistical, economic, and engineering concepts to complex market design challenges.

Support projects related to capacity market design, resource accreditation, transmission security, scarcity pricing, operating reserve markets, and price formation.

Develop analytical tools, models, scripts, or prototypes that support market design efforts.

Create visualizations and reports that effectively communicate technical findings.

Document methodologies, assumptions, results, and recommendations.

Support the development of presentations and materials for internal and external stakeholders.

Collaborate with subject matter experts across NYISO to gather information and evaluate alternative approaches.

Present research findings, analytical results, and recommendations to team members and leadership.

Qualifications

Currently pursuing a Bachelor's, Master's, or Ph.D. degree in Economics, Electrical Engineering, Energy Systems Engineering, Operations Research, Mathematics, Statistics, Data Science, Public Policy (Energy Concentration), or a related field.

Strong quantitative, analytical, and problem-solving skills.

Interest in electricity markets, power systems, market design, energy policy, or reliability planning.

Coursework in economics, statistics, optimization, power systems, electricity markets, or related disciplines is preferred.

Experience with data analysis and visualization tools.

Programming experience with Python, R, MATLAB, GAMS, SQL, or similar analytical tools is preferred.

Ability to evaluate complex problems and communicate findings clearly.

Strong written and verbal communication skills.

Ability to manage multiple priorities and work effectively in a collaborative team environment.

Demonstrated initiative, attention to detail, and willingness to learn.

The NYISO offers the flexibility to work both in the office and remotely, providing our employees with an enhanced work life balance. This internship will be a hybrid program, with the expectation that employees will be local to the Albany, NY area.

All offers of employment will be made contingent upon the successful completion of a drug screening and background check.

The NYISO is an Equal Opportunity Employer and as such, does not discriminate in its hiring or employment practices.

Salary Range

$22—$33 USD