Steven showed them how to use economic models to analyze the impact of different renewable energy scenarios on the island's power system. They explored the trade-offs between the costs of renewable energy, energy storage, and backup power sources.

Steven Stoft's "Power System Economics: Designing Markets for Electricity" (2002) is a foundational text bridging power engineering with economic theory, specifically addressing the causes of market instability and price spikes. The book is noted for its practical approach to market design, though some, such as the Cato Institute , observe that its technical nature can be challenging, and some specific market rules are dated. Power System Economics: Designing Markets for Electricity

A former energy market analyst who still uses the "Stoft method" for calculating avoided cost rates.