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.
Internship Title – Effects of Day-Ahead and Real-Time Market Differences
Department – Advanced Technology Solutions
Minimum Education level: PhD
Preferred Majors: Industrial Engineering / Operations Research / Electrical engineering
The Advanced Technology Solutions (ATS) department engages in both long-term research projects and near-term design/process improvements. The department consists of experts in three topic areas: power systems, simulations, and markets. In all projects, the goal of ATS is to provide innovative and practical solutions to current and emerging questions for ISO New England.
What will you be working on:
The ISO’s day-ahead and real-time market optimization problems are similar but not identical for a variety of reasons. The goal of this internship is to determine, both quantitatively and qualitatively, the effects and importance of these differences. This line of questioning has yet to be thoughtfully explored in the deregulated electricity market setting.
How will you make an impact:
In this role, you will gain valuable knowledge of and experience with of the ISO’s market clearing processes. You will also study a unique question from both theoretical and numerical perspectives.
The outcome of this internship should help ISO New England prioritize potential market consistency improvements.
What we look for in a candidate:
- Strong mathematical background,
- Basic understanding of electricity markets,
- Programming experience,
- Experience manipulating data sets