My PhD research assessed the ability of electricity markets to incentivize socially-optimal investment decisions, with a particular focus on how electricity markets allocate risk between investors and consumers, and how risk affects investments in different power system technologies.

My first PhD paper showed that electricity markets have a tendency to distort investments in favor of fossil fuels. To correct such distortions, this research suggests improved long-term market mechanisms that address current inefficiencies in risk allocation.

In later work, I found that existing climate policies indirectly counteract risk-related inefficiencies in current electricity markets. Climate policies may thus be more economically beneficial than previously thought.

My work also showed that renewable subsidies may be more cost-effective than suggested by previous work, because of how strongly they counteract inefficiencies in current electricity markets.