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Intern - Machine learning based LMP consistency monitor

ISO New England Inc., One Sullivan Road, Holyoke, Massachusetts, United States of America Req #370
Monday, September 2, 2019
ISO New England oversees the 24/7 operation of the power grid that covers the six-states of  New England and administers the region’s $10+ billion “stock exchange” for the buying and selling of wholesale electricity. The power system is constantly evolving as new technologies emerge and energy policies evolve. There is a lot going on at our organization behind the scenes to make sure the grid continuously yields reliable electricity at competitive prices while addressing the unique challenges that come along with our industry.
Intern: Machine Learning Based LMP Consistency Monitor
 
Business Architecture and Technology (BAT) department is responsible for research and development at ISO New England. BAT provides technical consultation and quantitative analysis services to other departments in the company, making significant contributions to improving the system reliability and increasing market efficiency in the ISO New England control area. Candidates are expected to develop machine learning/data analysis models to identify possible LMP inconsistency using historical data.  

How You Will Make an Impact:

  • Gather historical LMP data
  • Select appropriate statistical or prediction models to identify the potential LMP inconsistency  
  • Analyze possible arbitrage behaviors
What We Look For: 
  • Familiar with various financial instruments in electricity power markets  
  • Knowledge of machine learning and data analysis
  • Ability to investigate issues and solve problems both independently and collaboratively
  • 2-3 years completed in a PhD program in computer science, statistics, or electric/industrial engineering
  • Experience in the area of electricity market trading strategies  
  • Strong communication and presentation skills
Minimum Education Level: PhD
Preferred Majors: Computer Science, Statistics, or Electric/Industrial Engineering

 
To be eligible for the internship candidate must have completed at least the first year of college and be currently enrolled in a four year or graduate-level academic program. Candidates must have the authority to work in the US on a permanent basis, without requiring sponsorship.

 
Equal Opportunity
We are proud to be an EEO/AA employer. Applicants for employment are considered without regard to race, creed, color, citizenship, religion, sex, sexual orientation, marital status, national origin, age, disability, status as a veteran, Vietnam Era Veteran, or being a member of the Reserves or National Guard.
Drug Free Environment 
We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Social Networking Notice ISO New England reserves the right to review the candidate's postings on any social networking site accessible in the public domain as part of the candidate assessment process.

Other details

  • Pay Type Hourly
  • Job Start Date Monday, June 1, 2020
  • Job End Date Friday, August 14, 2020
  • ISO New England Inc., One Sullivan Road, Holyoke, Massachusetts, United States of America