QUESTIONS WITH RIGHT ANSWER.
Division/Location/Company,Description,,ANS,-
,PJM,Interconnection,is,a,regional,transmission,organization,(RTO),that,plays,a,vital,role,in,the,U.S.,elect
ric,system.,PJM,ensures,the,reliability,of,the,largest,centrally,dispatched,control,area,in,North,America,b
y,coordinating,the,movement,of,electricity,in,all,or,parts,of,13,states.,PJM,,acting,neutrally,and,indepen
dently,,operates,the,largest,competitive,wholesale,electricity,market,in,the,world.,PJM,manages,a,sophi
sticated,regional,planning,process,for,generation,and,transmission,expansion,to,assure,future,electric,re
liability.,Department,Description:,The,Market,Efficiency,Group,is,responsible,for,economic,and,engineeri
ng,analyses,including,statistical,analysis,of,market,inputs,,mining,large,volume,of,historical,data,to,detec
t,patterns,and,using,sophisticated,market,simulation,software,to,predict,future,price,movements.,Cost/
Benefits,economic,analyses,are,employed,to,determine,feasibility,of,proposed,transmission,system,upgr
ades.,Successful,applicants,for,this,position,must,be,fully,vaccinated,against,COVID-
19,as,a,condition,of,employment.,PJM's,uses,a,third,party,vendor,to,hire,student,workers.,If,you,are,hire
d,for,this,position,,Yoh,Services,will,be,your,employer,and,should,be,the,only,employer,listed,on,your,I-
20,,if,hired.
Position,Description:,,ANS,-,The,Co-
op,,Market,Efficiency,,supports,analysts,and,engineers,of,the,Market,Efficiency,group,in,performing,mar
ket,simulations,using,state-of-the-
art,market,simulators,,quantifying,economic,benefits,of,transmission,upgrades,,analyzing,large,volume,
of,data,using,statistical,methods,,creating,high,level,economic/engineering,reports,using,Excel,and,Table
au,,developing,software,tools,to,help,business,analytics,and,maintaining,the,Market,Efficiency,database,
using,data,analysis,techniques.,Benefits,of,this,position:,This,position,will,provide,the,candidate,with,a,g
ood,knowledge,base,of,the,economic/engineering,aspects,of,the,electric,market.,The,student,will,gain,v
aluable,insight,on,topics,such,as,economic,analyses,,determining,production,costs,and,portfolio,optimiz
ation.,For,engineering,majors,this,position,also,includes,opportunities,for,powerflow,analysis,,electric,co
ngestion,statistical,analysis,,market,simulations,using,PROMOD,,and,engineering,economics.,For,comput
er,science,majors,this,position,provides,opportunities,for,developing,a,variety,of,software,tools,and,appl
ications,to,support,business,analytics,using,Python,,C#,and,VBA,programming.,For,finance/economic,ma
jors,this,position,provides,the,opportunity,to,understand,the,business,aspects,of,the,power,industry,alo
ng,with,hands-
on,experience,in,economic,valuations,of,proposed,projects.,ESSENTIAL,DUTIES,AND,RESPONSIBILITIES:,T
he,Co-
op,,Market,Efficiency,responsibilities,will,include,,but,are,not,limited,to,,the,following:,•,Support,the,Ma
rket,Efficiency,team,in,conducting,economic/engineering,analyses.,•,Use,data,analysis,tools,to,draw,con
clusions,regarding,benefits,to,the,electric,system,,changes,in,load,payments,,and,adjusted,production,co
sts.,•,Maintain,the,database,used,for,economic,planning.,•,Develop,software,tools,(Computer,Science,m
ajors).,•,Process,outputs,fr