{"id":"https://openalex.org/W3173789108","doi":"https://doi.org/10.1145/3447555.3464847","title":"Pricing flexibility of shiftable demand in electricity markets","display_name":"Pricing flexibility of shiftable demand in electricity markets","publication_year":2021,"publication_date":"2021-06-22","ids":{"openalex":"https://openalex.org/W3173789108","doi":"https://doi.org/10.1145/3447555.3464847","mag":"3173789108"},"language":"en","primary_location":{"is_oa":true,"landing_page_url":"https://doi.org/10.1145/3447555.3464847","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3447555.3464847","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true},"type":"article","type_crossref":"proceedings-article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3447555.3464847","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5008302113","display_name":"Lucien Werner","orcid":null},"institutions":[{"id":"https://openalex.org/I122411786","display_name":"California Institute of Technology","ror":"https://ror.org/05dxps055","country_code":"US","type":"education","lineage":["https://openalex.org/I122411786"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lucien Werner","raw_affiliation_strings":["California Institute of Technology, Pasadena, CA, USA"],"affiliations":[{"raw_affiliation_string":"California Institute of Technology, Pasadena, CA, USA","institution_ids":["https://openalex.org/I122411786"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062565732","display_name":"Adam Wierman","orcid":"https://orcid.org/0000-0002-5923-0199"},"institutions":[{"id":"https://openalex.org/I122411786","display_name":"California Institute of Technology","ror":"https://ror.org/05dxps055","country_code":"US","type":"education","lineage":["https://openalex.org/I122411786"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Adam Wierman","raw_affiliation_strings":["California Institute of Technology, Pasadena, CA, USA"],"affiliations":[{"raw_affiliation_string":"California Institute of Technology, Pasadena, CA, USA","institution_ids":["https://openalex.org/I122411786"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5069455858","display_name":"Steven H. Low","orcid":"https://orcid.org/0000-0001-6476-3048"},"institutions":[{"id":"https://openalex.org/I122411786","display_name":"California Institute of Technology","ror":"https://ror.org/05dxps055","country_code":"US","type":"education","lineage":["https://openalex.org/I122411786"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Steven H. Low","raw_affiliation_strings":["California Institute of Technology, Pasadena, CA, USA"],"affiliations":[{"raw_affiliation_string":"California Institute of Technology, Pasadena, CA, USA","institution_ids":["https://openalex.org/I122411786"]}]}],"institution_assertions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.939,"has_fulltext":true,"fulltext_origin":"pdf","cited_by_count":11,"citation_normalized_percentile":{"value":0.950856,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":89},"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"14"},"is_retracted":false,"is_paratext":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9999,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9999,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9996,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10454","display_name":"Optimal Power Flow Distribution","score":0.9972,"subfield":{"id":"https://openalex.org/subfields/2208","display_name":"Electrical and Electronic Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economic-dispatch","display_name":"Economic Dispatch","score":0.5736502},{"id":"https://openalex.org/keywords/demand-response","display_name":"Demand Response","score":0.55342466}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.75904524},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.58692914},{"id":"https://openalex.org/C187633118","wikidata":"https://www.wikidata.org/wiki/Q1317949","display_name":"Economic dispatch","level":4,"score":0.5736502},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.57044727},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.55342466},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.5380357},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.52638984},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5204961},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.4984038},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.49317855},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.46402222},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4459777},{"id":"https://openalex.org/C66887028","wikidata":"https://www.wikidata.org/wiki/Q382444","display_name":"Marginal cost","level":2,"score":0.43270168},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.37089252},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.17793944},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.096524835},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"is_oa":true,"landing_page_url":"https://doi.org/10.1145/3447555.3464847","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3447555.3464847","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true},{"is_oa":true,"landing_page_url":"https://resolver.caltech.edu/CaltechAUTHORS:20210629-211519470","pdf_url":"https://authors.library.caltech.edu/records/1fzny-bps82/files/3447555.3464847.pdf?download=1","source":{"id":"https://openalex.org/S4306402162","display_name":"CaltechAUTHORS (California Institute of Technology)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_indexed_in_scopus":false,"is_core":false,"host_organization":"https://openalex.org/I122411786","host_organization_name":"California Institute of Technology","host_organization_lineage":["https://openalex.org/I122411786"],"host_organization_lineage_names":["California Institute of Technology"],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"acceptedVersion","is_accepted":true,"is_published":false}],"best_oa_location":{"is_oa":true,"landing_page_url":"https://doi.org/10.1145/3447555.3464847","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3447555.3464847","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy","score":0.7}],"grants":[],"datasets":[],"versions":[],"referenced_works_count":39,"referenced_works":["https://openalex.org/W1506859583","https://openalex.org/W1518004328","https://openalex.org/W1967630104","https://openalex.org/W1976431690","https://openalex.org/W1977951988","https://openalex.org/W2010668661","https://openalex.org/W2028934327","https://openalex.org/W2037772521","https://openalex.org/W2069384230","https://openalex.org/W2073633915","https://openalex.org/W2074513827","https://openalex.org/W2083949607","https://openalex.org/W2115700971","https://openalex.org/W2131512356","https://openalex.org/W2148006397","https://openalex.org/W2148652465","https://openalex.org/W2160655348","https://openalex.org/W2263230878","https://openalex.org/W2604099671","https://openalex.org/W2605894214","https://openalex.org/W2783721867","https://openalex.org/W2797889343","https://openalex.org/W2909908159","https://openalex.org/W2910748216","https://openalex.org/W2921218571","https://openalex.org/W2949979136","https://openalex.org/W2963966702","https://openalex.org/W2964131586","https://openalex.org/W2970962079","https://openalex.org/W2981758942","https://openalex.org/W2990971943","https://openalex.org/W2997080497","https://openalex.org/W3009769733","https://openalex.org/W3128915251","https://openalex.org/W4229785982","https://openalex.org/W4297825594","https://openalex.org/W4360930229","https://openalex.org/W69098352","https://openalex.org/W788906123"],"related_works":["https://openalex.org/W3117163868","https://openalex.org/W2389754756","https://openalex.org/W2389286292","https://openalex.org/W2387920521","https://openalex.org/W2382224273","https://openalex.org/W2373538886","https://openalex.org/W2360751371","https://openalex.org/W2360290312","https://openalex.org/W2355561715","https://openalex.org/W2355326491"],"abstract_inverted_index":{"Enabling":[0],"participation":[1],"of":[2,19,31,37,43,83,90,110,144],"demand-side":[3],"flexibility":[4,148],"in":[5,51,65],"electricity":[6],"markets":[7],"is":[8,151],"key":[9],"to":[10,99,140,153,155],"improving":[11],"power":[12],"system":[13],"resilience":[14],"and":[15,163],"increasing":[16],"the":[17,29,66,71,80,114],"penetration":[18],"renewable":[20,33],"generation.":[21],"In":[22],"this":[23,101],"work":[24],"we":[25,57,118],"are":[26],"motivated":[27],"by":[28,105],"curtailment":[30],"near-zero-marginal-cost":[32],"resources":[34],"during":[35],"periods":[36],"oversupply,":[38],"a":[39,52,88,96,107,120,133,141,145],"particularly":[40],"important":[41],"cause":[42],"inefficient":[44],"generation":[45,172],"dispatch.":[46,136],"Focusing":[47],"on":[48,113,170],"shiftable":[49],"load":[50],"multi-interval":[53],"economic":[54,115],"dispatch":[55,116],"setting,":[56],"show":[58],"that":[59,122,150],"incompatible":[60],"incentives":[61],"arise":[62],"for":[63,126],"loads":[64,84,154],"standard":[67],"market":[68,97,128],"formulation.":[69],"While":[70],"system's":[72],"overall":[73,81],"efficiency":[74],"increases":[75],"from":[76,174],"dispatching":[77],"flexible":[78,157],"demand,":[79],"welfare":[82],"can":[85],"decrease":[86],"as":[87],"result":[89],"higher":[91],"spot":[92],"prices.":[93],"We":[94,159],"propose":[95],"design":[98],"address":[100],"incentive":[102],"issue.":[103],"Specifically,":[104],"imposing":[106],"small":[108],"number":[109],"additional":[111],"constraints":[112],"problem,":[117],"obtain":[119],"mechanism":[121],"guarantees":[123,162],"individual":[124],"rationality":[125],"all":[127],"participants":[129],"while":[130],"simultaneously":[131],"obtaining":[132],"more":[134],"efficient":[135],"Our":[137],"formulation":[138],"leads":[139],"natural":[142],"definition":[143],"uniform,":[146],"time-varying":[147],"price":[149],"paid":[152],"incentivize":[156],"bidding.":[158],"provide":[160],"theoretical":[161],"empirically":[164],"validate":[165],"our":[166],"model":[167],"with":[168],"simulations":[169],"real-world":[171],"data":[173],"California":[175],"Independent":[176],"System":[177],"Operator":[178],"(CAISO).":[179]},"cited_by_api_url":"https://api.openalex.org/works?filter=cites:W3173789108","counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":1}],"updated_date":"2025-01-17T05:22:40.932093","created_date":"2021-07-05"}