Dr. Jerry Anunrojwong is working with Prof. Baosen Zhang and Prof. Daniel Kirschen to continue his research agenda on electricity markets and macro-energy modeling and optimization. In particular, he plans to investigate issues surrounding electricity market design to ensure long-term resource adequacy. Traditional power system capacity planning models optimize future investments from the perspective of a central planner, but it is unclear whether the current “decentralized” electricity markets with many private entities interacting through wholesale market clearing mechanisms will incentivize such investments, especially as the penetration of zero-marginal-cost intermittent renewables and time-limited resources such as batteries increases. He aims to investigate the incentives and optimization properties of traditional and novel market design constructs for short-run efficiency, reliability, long-term efficiency, and integration with decarbonization goals. He is also excited about new business model innovations in energy. This goes beyond standard market design and macro-energy modeling, because in order to achieve the investments and operations suggested by macro-modeling, we need to consider different types of contracts and business arrangements that are often bespoke and not directly mediated by wholesale markets.
Dr. Anunrojwong received his Ph.D. in Operations Research in the Decision, Risk & Operations division at Columbia Business School in 2025.