Market Operations

1 week ago

Stanford, United States Electric Power Research Institute (EPRI) Full time
Job Title:
Market Operations & Design Student Intern

Location:
Palo Alto, CA, Remote/Home Based

Job Summary and Description:

Student Intern to support design, development, and analysis of evolving electricity market operation across the U.S. wholesale electricity market regions. This includes integrating emerging power system technologies, e.g., stand-alone electric storage resources, hybrid resources (storage plus renewables), distributed energy resources, grid enhancing technologies such as power flow controllers and topology optimization, into bulk electricity markets, hydrogen modeling, and analyzing market re-formulations and corresponding market implications. Candidate will develop and implement participation models, perform electricity market simulations using advanced production cost tools, and/or perform statistical analysis on large data sets of electricity market operation. Candidate will report back findings to the project lead and potentially external stakeholders.

Job functions:
  • Modeling and analysis of new market design proposals using advanced simulation tools
  • Report important findings to project lead and potentially external stakeholders
  • Collect large data sets and operational information from public data sources and analyze to track trends
  • Write up of findings through a complete study report
The ideal candidate:
  • Electrical engineering, operations research, economics, or similar master's or PhD student with an understanding of electric power systems operations and economics, and/or and strong analytical skills
  • Understanding of wholesale electricity markets, including unit commitment, economic dispatch, and locational marginal pricing concepts
  • Experience in market simulation models and tools, such as production cost modeling, e.g., PSO, FESTIV, PLEXOS
  • Strong analytical skills and ability to analyze large data sets
Education:
  • Required - Has begun master's studies
  • Desired - In PhD studies
Great opportunity to gain experience in industry focused R&D to set a candidate up for either a career in academia or industry, including exposure to EPRI and its members.

The hourly rate range for Student positions are:
  • Undergraduate: $16-29 per hour
  • Masters: $25-31 per hour
  • Ph.D: $27-34 per hour


These ranges are an estimate, and the actual hourly rate may vary based on various factors, including without limitation applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The hourly rate may also be adjusted based on applicant's geographic location.

As an EPRI Student, you will not participate in EPRI's Benefit Programs which includes health insurance, retirement benefits, vacation, sick leave (except as set required by law) and holiday pay. However, as a Student employee you are eligible for the benefits of Social Security, State Disability Insurance, and Workers' Compensation Insurance.

For Student positions which require one to relocate to an EPRI office. Relocation assistance is not provided and the student will be responsible for covering all relocation costs/expenses.

EPRI participates in E-Verify, an online system operated jointly by the Department of Homeland Security and the Social Security Administration (SSA). EPRI uses the system to check the work status of new hires by comparing information from the employee's I-9 form against SSA and Department of Homeland Security databases.

EPRI is an equal opportunity employer. EEO/AA/M/F/VETS/Disabled

Together . . . Shaping the Future of Energy.

www.epri.com

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