Assistant Analyst, Market Economics

INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)

Requisition ID: 20178 Location: Oakville - Hybrid Status: Temporary Business Unit: Market Assessment & Compliance

Why join us?

You’ve got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.

We also know that ensuring Ontarians have access to affordable and reliable power doesn’t happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You’ll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.

Who We Are

The Independent Electricity System Operator (IESO) works at the centre of the province’s power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province’s electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario’s electricity needs – now and into the future.

The Opportunity

As an Assistant Analyst, Market Economics, you will support the Market Economics team by performing data analysis of the IESO-administered wholesale electricity market outcomes. You will perform exploratory data analysis including retrieval of data from various sources; draft analytical findings in a clear and accessible manner; and collaborate with other business units to assist in the compliance and enforcement of IESO’s market rules. You have a commitment to continuous learning to deepen understanding of IESO’s existing and proposed market design, rules, operating manuals and market participant conduct as well as new analytical and computing tools.

What You’ll Do

• Develop an understanding of Ontario’s wholesale electricity market, its rules and mechanics, participant bid/offer behavior and interrelationship between different market instruments
• Query market data from internal database (using SQL) based on identified hypothesis
• Clean, manipulate, and transform data using Python (pandas, NumPy) and/or R to facilitate hypothesis testing and analysis.
• Create visualizations and charts to communicate findings from the data
• Assist in analysis and interpretation the empirical evidence
• Perform market case simulations to assess counterfactuals as needed
• Document methodologies and procedures of analysis to the degree that others can replicate the work.
• Assist in the monitoring of the performance of the IAM and participant conduct
• Assist in review of the current tools and provide support regarding the associated development of new tools.
• Identify and recommend appropriate processes/adjustments to apply when data are missing or incorrect.
• Contribute to the preparation of ad-hoc reports as necessary in accordance with corporate and legislated obligations.
• Maintain, update and publish, as required, catalogues of data requirements and monitoring indices.
• Publish reports and data summaries, including coordination with the Web publishing team as necessary.
• Assist in provision of support as necessary to the Market Surveillance Panel.
• Respond to requests from Market Participants for data and information, while respecting confidentiality criteria.
• Assist in the drafting of new and/or modified processes, systems, and procedures for the Division, as necessitated by changes to the market rules or the Division’s obligations.
  
  

Education

What you need to succeed

• Requires an academic background in engineering, economics, finance or business at a level to understand the technical/economic/legislative parameters governing the energy industry and market place.
• Requires good written and oral communication skills, in order to prepare reports, develop training documents, and communicate effectively with all contacts involved in accomplishing the work objectives.
• This knowledge is considered to be normally acquired either through the successful completion of 4 years university education in Engineering, Economics, Statistics or by having the equivalent.
  
  

Experience

• Requires some experience in methods of discovery, investigation of strategic behaviour in emerging competitive markets, which involves having good analytical and reasoning skills.
• Requires experience conducting statistical and/or analytical assessments and evaluations, particularly. Experience with analyzing large data sets, using statistical and/or econometric modeling techniques.
• Requires knowledge of the legislative and regulatory parameters governing the Ontario electricity marketplace.
• Exposure to a commercial environment is needed.
• Requires some experience in electrical transmission, power system modeling and/or costing and pricing in a non-regulated environment and/or assessing a market for inefficiencies, design and structural flaws and /or behaviors of market participants.
• A period of over 4 years, up to and including 6 years is considered necessary to gain this experience.
  
  

What’s In It For You

• A comprehensive total rewards program, including best-in-class benefits and a flexible workplace
• A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter
• Leaders who support your growth and success through regular feedback and coaching
• The opportunity to work with some of the brightest minds in the industry
  
  

Deadline: January 20, 2025

For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.

At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member’s unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know.

We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview.

Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.

The IESO offers a hybrid work model program to most of our employees, based on business needs. Individuals participating in the program can work an average of three days per week remotely within Ontario. It also offers three flex weeks when individuals can work remotely within Ontario . When working in the office, you will be located at our Mississauga, Toronto, or Oakville location.

Join our talent community

Sign up for talent community; stay in touch, find out about new opportunities – and discover how you can make a difference. Discover how we use our expertise and commitment to deliver reliable and affordable electricity to Ontario’s businesses and communities, and how we’re innovating to secure a stronger energy future for all Ontarians. Visit Careers at IESO and be sure to follow us on LinkedIn.

Find out why we were selected as Greater Toronto’s Top 2024 Employers, and what we offer.