{"id":"https://openalex.org/W7129011853","doi":"https://doi.org/10.1109/spies67451.2025.11381455","title":"Decision Optimization for Virtual Power Plants Participating in the Coupled Electricity-Carbon Market","display_name":"Decision Optimization for Virtual Power Plants Participating in the Coupled Electricity-Carbon Market","publication_year":2025,"publication_date":"2025-10-17","ids":{"openalex":"https://openalex.org/W7129011853","doi":"https://doi.org/10.1109/spies67451.2025.11381455"},"language":"en","primary_location":{"id":"doi:10.1109/spies67451.2025.11381455","doi":"https://doi.org/10.1109/spies67451.2025.11381455","is_oa":false,"landing_page_url":"https://doi.org/10.1109/spies67451.2025.11381455","pdf_url":null,"source":{"id":"https://openalex.org/S4306498598","display_name":"International Conference on Smart Power & Internet Energy Systems (SPIES)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2025 7th International Conference on Smart Power &amp;amp; Internet Energy Systems (SPIES)","raw_type":"proceedings-article"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100364743","display_name":"Nana Wang","orcid":"https://orcid.org/0000-0002-6896-0038","observed_orcids":["https://orcid.org/0000-0002-6896-0038"]},"institutions":[{"id":"https://openalex.org/I4405273203","display_name":"State Grid Shanghai Municipal Electric Power Company (China)","ror":"https://ror.org/05faa4c07","country_code":"CN","type":"company","lineage":["https://openalex.org/I4405273203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Na Wang","raw_affiliation_strings":["Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China","institution_ids":["https://openalex.org/I4405273203"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5006409769","display_name":"Tiantian Chen","orcid":"https://orcid.org/0009-0009-5931-7882","observed_orcids":["https://orcid.org/0009-0009-5931-7882"]},"institutions":[{"id":"https://openalex.org/I4405273203","display_name":"State Grid Shanghai Municipal Electric Power Company (China)","ror":"https://ror.org/05faa4c07","country_code":"CN","type":"company","lineage":["https://openalex.org/I4405273203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Tiantian Chen","raw_affiliation_strings":["Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China","institution_ids":["https://openalex.org/I4405273203"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5038168201","display_name":"C. Wang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273203","display_name":"State Grid Shanghai Municipal Electric Power Company (China)","ror":"https://ror.org/05faa4c07","country_code":"CN","type":"company","lineage":["https://openalex.org/I4405273203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chen Wang","raw_affiliation_strings":["Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China","institution_ids":["https://openalex.org/I4405273203"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5126103650","display_name":"Pengwei Wang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I23632641","display_name":"Shanghai University of Electric Power","ror":"https://ror.org/02w4tny03","country_code":"CN","type":"education","lineage":["https://openalex.org/I23632641"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Pengwei Wang","raw_affiliation_strings":["Faculty of Electrical Engineering Shanghai University of Electric Power,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Electrical Engineering Shanghai University of Electric Power,Shanghai,China","institution_ids":["https://openalex.org/I23632641"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028567172","display_name":"Linxuan Zhao","orcid":"https://orcid.org/0009-0001-7713-7043","observed_orcids":["https://orcid.org/0009-0001-7713-7043"]},"institutions":[{"id":"https://openalex.org/I4405273203","display_name":"State Grid Shanghai Municipal Electric Power Company (China)","ror":"https://ror.org/05faa4c07","country_code":"CN","type":"company","lineage":["https://openalex.org/I4405273203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Linxuan Zhao","raw_affiliation_strings":["Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China","institution_ids":["https://openalex.org/I4405273203"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5126522960","display_name":"Jing Liu","orcid":"https://orcid.org/0009-0006-3663-8788","observed_orcids":["https://orcid.org/0009-0006-3663-8788"]},"institutions":[{"id":"https://openalex.org/I4405273203","display_name":"State Grid Shanghai Municipal Electric Power Company (China)","ror":"https://ror.org/05faa4c07","country_code":"CN","type":"company","lineage":["https://openalex.org/I4405273203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jing Liu","raw_affiliation_strings":["Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai Electric Power Research Institute State Grid Shanghai Municipal Electric Power Company,Shanghai,China","institution_ids":["https://openalex.org/I4405273203"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"436","last_page":"441"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9634000062942505,"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/T10424","display_name":"Electric Power System Optimization","score":0.9634000062942505,"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/T10603","display_name":"Smart Grid Energy Management","score":0.025299999862909317,"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/T11185","display_name":"Integrated Energy Systems Optimization","score":0.010200000368058681,"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/virtual-power-plants","display_name":"virtual power plants","score":1.0},{"id":"https://openalex.org/keywords/bidding-strategy","display_name":"bidding strategy","score":0.6949999928474426},{"id":"https://openalex.org/keywords/bi-level-optimization","display_name":"bi-level optimization","score":0.9739999771118164},{"id":"https://openalex.org/keywords/market-clearing-mechanism","display_name":"market clearing mechanism","score":0.5870000123977661},{"id":"https://openalex.org/keywords/carbon-peak","display_name":"carbon peak","score":0.6669999957084656},{"id":"https://openalex.org/keywords/carbon-neutrality","display_name":"carbon neutrality","score":0.9950000047683716},{"id":"https://openalex.org/keywords/markov-decision-process","display_name":"Markov decision process","score":0.843999981880188},{"id":"https://openalex.org/keywords/coal-fired-units","display_name":"coal-fired units","score":0.7490000128746033},{"id":"https://openalex.org/keywords/low-carbon-energy-systems","display_name":"low-carbon energy systems","score":0.6660000085830688}],"concepts":[{"id":"https://openalex.org/C2776033628","wikidata":"https://www.wikidata.org/wiki/Q785102","display_name":"Virtual power plant","level":4,"score":0.6592000126838684},{"id":"https://openalex.org/C2777780509","wikidata":"https://www.wikidata.org/wiki/Q1377422","display_name":"Profit maximization","level":3,"score":0.6146000027656555},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.6032999753952026},{"id":"https://openalex.org/C106189395","wikidata":"https://www.wikidata.org/wiki/Q176789","display_name":"Markov decision process","level":3,"score":0.557699978351593},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.4449999928474426},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.4424000084400177},{"id":"https://openalex.org/C10558101","wikidata":"https://www.wikidata.org/wiki/Q689855","display_name":"Smart grid","level":2,"score":0.4296000003814697},{"id":"https://openalex.org/C2776330181","wikidata":"https://www.wikidata.org/wiki/Q18358244","display_name":"Maximization","level":2,"score":0.42309999465942383},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.41440001130104065},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.40630000829696655},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.40380001068115234},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.3953999876976013},{"id":"https://openalex.org/C2780980858","wikidata":"https://www.wikidata.org/wiki/Q110022","display_name":"Dual (grammatical number)","level":2,"score":0.387800008058548},{"id":"https://openalex.org/C423512","wikidata":"https://www.wikidata.org/wiki/Q383973","display_name":"Electricity generation","level":3,"score":0.3675999939441681},{"id":"https://openalex.org/C14981831","wikidata":"https://www.wikidata.org/wiki/Q1713661","display_name":"Market clearing","level":2,"score":0.36739999055862427},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.34200000762939453},{"id":"https://openalex.org/C134697681","wikidata":"https://www.wikidata.org/wiki/Q1609677","display_name":"Clearing","level":2,"score":0.3407999873161316},{"id":"https://openalex.org/C107327155","wikidata":"https://www.wikidata.org/wiki/Q330268","display_name":"Decision support system","level":2,"score":0.3366999924182892},{"id":"https://openalex.org/C2983254600","wikidata":"https://www.wikidata.org/wiki/Q1096907","display_name":"Power grid","level":3,"score":0.3249000012874603},{"id":"https://openalex.org/C59594135","wikidata":"https://www.wikidata.org/wiki/Q5249242","display_name":"Decision model","level":2,"score":0.32089999318122864},{"id":"https://openalex.org/C137836250","wikidata":"https://www.wikidata.org/wiki/Q984063","display_name":"Optimization problem","level":2,"score":0.32089999318122864},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.3102000057697296},{"id":"https://openalex.org/C111335779","wikidata":"https://www.wikidata.org/wiki/Q3454686","display_name":"Reduction (mathematics)","level":2,"score":0.30970001220703125},{"id":"https://openalex.org/C187691185","wikidata":"https://www.wikidata.org/wiki/Q2020720","display_name":"Grid","level":2,"score":0.3091999888420105},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.3084000051021576},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.30480000376701355},{"id":"https://openalex.org/C159886148","wikidata":"https://www.wikidata.org/wiki/Q176645","display_name":"Markov process","level":2,"score":0.3034999966621399},{"id":"https://openalex.org/C2742236","wikidata":"https://www.wikidata.org/wiki/Q924713","display_name":"Efficient energy use","level":2,"score":0.29030001163482666},{"id":"https://openalex.org/C2778976125","wikidata":"https://www.wikidata.org/wiki/Q288401","display_name":"Carbon tax","level":3,"score":0.2822999954223633},{"id":"https://openalex.org/C7817414","wikidata":"https://www.wikidata.org/wiki/Q1779504","display_name":"Energy management","level":3,"score":0.28189998865127563},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.2808000147342682},{"id":"https://openalex.org/C544738498","wikidata":"https://www.wikidata.org/wiki/Q861135","display_name":"Distributed generation","level":3,"score":0.2759000062942505},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.2720000147819519},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.267300009727478},{"id":"https://openalex.org/C78600449","wikidata":"https://www.wikidata.org/wiki/Q43302","display_name":"Wind power","level":2,"score":0.26269999146461487},{"id":"https://openalex.org/C2776784348","wikidata":"https://www.wikidata.org/wiki/Q5762595","display_name":"Microgrid","level":3,"score":0.2619999945163727},{"id":"https://openalex.org/C2986283658","wikidata":"https://www.wikidata.org/wiki/Q861135","display_name":"Distributed power generation","level":4,"score":0.260699987411499},{"id":"https://openalex.org/C170777988","wikidata":"https://www.wikidata.org/wiki/Q2316331","display_name":"Electric power industry","level":3,"score":0.2590000033378601},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.25060001015663147}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/spies67451.2025.11381455","doi":"https://doi.org/10.1109/spies67451.2025.11381455","is_oa":false,"landing_page_url":"https://doi.org/10.1109/spies67451.2025.11381455","pdf_url":null,"source":{"id":"https://openalex.org/S4306498598","display_name":"International Conference on Smart Power & Internet Energy Systems (SPIES)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2025 7th International Conference on Smart Power &amp;amp; Internet Energy Systems (SPIES)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":1.0,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"},{"score":0.9853000044822693,"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7"},{"score":0.6773999929428101,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320326707","display_name":"State Grid Corporation of China","ror":"https://ror.org/05twwhs70"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W1992287221","https://openalex.org/W2965562474","https://openalex.org/W4324030341","https://openalex.org/W4389264334","https://openalex.org/W4389719636","https://openalex.org/W4391589257","https://openalex.org/W4399699175","https://openalex.org/W4403561498"],"related_works":["https://openalex.org/W7154059815","https://openalex.org/W7210292363","https://openalex.org/W4416114790","https://openalex.org/W7204605469","https://openalex.org/W7125005953","https://openalex.org/W4408794684","https://openalex.org/W4398765215","https://openalex.org/W4410813963","https://openalex.org/W7131210442","https://openalex.org/W6884730365"],"abstract_inverted_index":{"Under":[0],"the":[1,25,54,67,71,75,87,96,114,126,134,138,144],"dual":[2],"goals":[3],"of":[4,27,74,117,129,137],"carbon":[5,8,40,79],"peaking":[6],"and":[7,20,78,142],"neutrality,":[9],"Virtual":[10],"Power":[11],"Plants":[12],"(VPPs)":[13],"are":[14,21],"emerging":[15],"as":[16],"pivotal":[17],"market":[18],"participants":[19],"becoming":[22],"integral":[23],"to":[24,94],"future":[26],"smart":[28],"grid":[29],"infrastructure.":[30],"To":[31],"investigate":[32],"bidding":[33],"strategies":[34],"that":[35,101],"balance":[36],"economic":[37],"efficiency":[38],"with":[39],"reduction":[41],"objectives,":[42],"this":[43],"study":[44],"proposes":[45],"a":[46],"bi-level":[47],"optimization":[48,83],"model":[49],"for":[50,64],"VPP":[51],"participation":[52],"in":[53],"coupled":[55,109],"market.":[56],"The":[57],"upper":[58],"level":[59,69],"focuses":[60],"on":[61,86],"profit":[62],"maximization":[63],"VPPs,":[65],"while":[66,111],"lower":[68],"models":[70],"clearing":[72,115],"mechanisms":[73],"integrated":[76],"electricity":[77],"markets.":[80,150],"A":[81],"collaborative":[82],"algorithm":[84],"based":[85],"Markov":[88],"Decision":[89],"Process":[90],"(MDP)":[91],"is":[92],"developed":[93],"solve":[95],"model.":[97],"Simulation":[98],"results":[99],"show":[100],"VPPs":[102,130],"can":[103],"increase":[104],"their":[105],"market-clearing":[106],"volumes":[107],"through":[108],"transactions,":[110],"simultaneously":[112],"reducing":[113],"volume":[116],"conventional":[118],"coal-":[119],"fired":[120],"units.":[121],"This":[122],"not":[123],"only":[124],"enhances":[125],"environmental":[127],"value":[128],"but":[131],"also":[132],"facilitates":[133],"low-carbon":[135],"transformation":[136],"modern":[139],"energy":[140,149],"system":[141],"improves":[143],"synergistic":[145],"operation":[146],"across":[147],"multiple":[148]},"counts_by_year":[],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2026-02-17T00:00:00"}
