{"id":"https://openalex.org/W2096817838","doi":"https://doi.org/10.1109/cdc.2010.5717327","title":"The value of volatile resources in electricity markets","display_name":"The value of volatile resources in electricity markets","publication_year":2010,"publication_date":"2010-12-01","ids":{"openalex":"https://openalex.org/W2096817838","doi":"https://doi.org/10.1109/cdc.2010.5717327","mag":"2096817838"},"language":"en","primary_location":{"id":"doi:10.1109/cdc.2010.5717327","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2010.5717327","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"49th IEEE Conference on Decision and Control (CDC)","raw_type":"proceedings-article"},"type":"article","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/A5047988825","display_name":"Sean Meyn","orcid":"https://orcid.org/0000-0002-8558-365X"},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Sean Meyn","raw_affiliation_strings":["CSL Department ECE, University of Illinois, USA","CSL and the Dept. ECE, University of Illinois, USA"],"affiliations":[{"raw_affiliation_string":"CSL Department ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CSL and the Dept. ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016623728","display_name":"Mat\u00edas Negrete-Pincetic","orcid":"https://orcid.org/0000-0003-1898-4725"},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Matias Negrete-Pincetic","raw_affiliation_strings":["CSL Department ECE, University of Illinois, USA","CSL and the Dept. ECE, University of Illinois, USA"],"affiliations":[{"raw_affiliation_string":"CSL Department ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CSL and the Dept. ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5018631852","display_name":"Wang Gui","orcid":null},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Gui Wang","raw_affiliation_strings":["CSL Department ECE, University of Illinois, USA","CSL and the Dept. ECE, University of Illinois, USA"],"affiliations":[{"raw_affiliation_string":"CSL Department ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CSL and the Dept. ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5016883179","display_name":"Anupama Kowli","orcid":"https://orcid.org/0000-0002-2330-9321"},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Anupama Kowli","raw_affiliation_strings":["CSL Department ECE, University of Illinois, USA","CSL and the Dept. ECE, University of Illinois, USA"],"affiliations":[{"raw_affiliation_string":"CSL Department ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CSL and the Dept. ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5031497586","display_name":"Ehsan Shafieepoorfard","orcid":null},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ehsan Shafieepoorfard","raw_affiliation_strings":["CSL Department ECE, University of Illinois, USA","CSL and the Dept. ECE, University of Illinois, USA"],"affiliations":[{"raw_affiliation_string":"CSL Department ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]},{"raw_affiliation_string":"CSL and the Dept. ECE, University of Illinois, USA","institution_ids":["https://openalex.org/I157725225"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5047988825"],"corresponding_institution_ids":["https://openalex.org/I157725225"],"apc_list":null,"apc_paid":null,"fwci":11.4631,"has_fulltext":false,"cited_by_count":81,"citation_normalized_percentile":{"value":0.98747101,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.993399977684021,"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":0.993399977684021,"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":0.9825999736785889,"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/T10471","display_name":"Climate Change Policy and Economics","score":0.9501000046730042,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/volatility","display_name":"Volatility (finance)","score":0.7232545018196106},{"id":"https://openalex.org/keywords/renewable-energy","display_name":"Renewable energy","score":0.7019656896591187},{"id":"https://openalex.org/keywords/software-deployment","display_name":"Software deployment","score":0.672863245010376},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.642699658870697},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.6232190132141113},{"id":"https://openalex.org/keywords/wind-power","display_name":"Wind power","score":0.6021543145179749},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.5648168325424194},{"id":"https://openalex.org/keywords/renewable-resource","display_name":"Renewable resource","score":0.4712769389152527},{"id":"https://openalex.org/keywords/resource","display_name":"Resource (disambiguation)","score":0.41431719064712524},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3893383741378784},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.38758236169815063},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3572245240211487},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.2511231303215027},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.16559523344039917},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.11211374402046204}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.7232545018196106},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.7019656896591187},{"id":"https://openalex.org/C105339364","wikidata":"https://www.wikidata.org/wiki/Q2297740","display_name":"Software deployment","level":2,"score":0.672863245010376},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.642699658870697},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.6232190132141113},{"id":"https://openalex.org/C78600449","wikidata":"https://www.wikidata.org/wiki/Q43302","display_name":"Wind power","level":2,"score":0.6021543145179749},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.5648168325424194},{"id":"https://openalex.org/C143517461","wikidata":"https://www.wikidata.org/wiki/Q1138571","display_name":"Renewable resource","level":3,"score":0.4712769389152527},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.41431719064712524},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3893383741378784},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.38758236169815063},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3572245240211487},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2511231303215027},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.16559523344039917},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.11211374402046204},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","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},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/cdc.2010.5717327","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2010.5717327","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"49th IEEE Conference on Decision and Control (CDC)","raw_type":"proceedings-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.720.7490","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.720.7490","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.meyn.ece.ufl.edu/archive/spm_files/Papers_pdf/CDC2010WindFinal.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W87126067","https://openalex.org/W93277050","https://openalex.org/W565357261","https://openalex.org/W1500830716","https://openalex.org/W1559689293","https://openalex.org/W1580401130","https://openalex.org/W1998129563","https://openalex.org/W2002626731","https://openalex.org/W2011870042","https://openalex.org/W2016416695","https://openalex.org/W2017346560","https://openalex.org/W2021290840","https://openalex.org/W2071261925","https://openalex.org/W2084805106","https://openalex.org/W2088039987","https://openalex.org/W2100469382","https://openalex.org/W2109405231","https://openalex.org/W2126794261","https://openalex.org/W2147127164","https://openalex.org/W2570938806","https://openalex.org/W2918004657","https://openalex.org/W3125345904","https://openalex.org/W4210313452","https://openalex.org/W4213329537","https://openalex.org/W4233959483","https://openalex.org/W6629877113","https://openalex.org/W6695006270"],"related_works":["https://openalex.org/W96612179","https://openalex.org/W2770234245","https://openalex.org/W2566006169","https://openalex.org/W2987774938","https://openalex.org/W632915154","https://openalex.org/W4229499248","https://openalex.org/W4378874356","https://openalex.org/W2055733372","https://openalex.org/W2369811061","https://openalex.org/W3089997100"],"abstract_inverted_index":{"While":[0],"renewable":[1,14,42],"resources":[2,56],"most":[3],"certainly":[4],"provide":[5],"environmental":[6],"benefits,":[7],"and":[8,74,82],"also":[9],"help":[10],"to":[11,30,36,98,133],"meet":[12],"aggressive":[13],"energy":[15,55],"targets,":[16],"their":[17],"deployment":[18],"has":[19],"pronounced":[20],"impacts":[21,33],"on":[22,50,88],"system":[23],"operations.":[24],"There":[25],"is":[26,126],"an":[27],"acute":[28],"need":[29,132],"understand":[31],"these":[32,89],"in":[34,57],"order":[35],"fully":[37],"harness":[38],"the":[39,51,65,80,93,101,116,122,131],"benefits":[40],"of":[41,53,95,118,124],"resource":[43],"integration.":[44],"In":[45,109],"this":[46],"paper":[47],"we":[48,111],"focus":[49],"integration":[52],"wind":[54,96,125],"a":[58,70],"multi-settlement":[59],"electricity":[60],"market":[61,72],"structure.":[62],"We":[63],"study":[64],"dynamic":[66],"competitive":[67],"equilibrium":[68],"for":[69,79,115],"stochastic":[71],"model,":[73],"obtain":[75],"closed":[76],"form":[77],"expressions":[78],"supplier":[81],"consumer":[83],"surpluses.":[84],"Numerical":[85],"results":[86],"based":[87],"formulae":[90],"show":[91],"that":[92,137],"value":[94,123],"generation":[97],"consumers,":[99],"under":[100],"current":[102],"operational":[103,135],"practices,":[104],"falls":[105],"dramatically":[106],"with":[107],"volatility.":[108,139],"fact,":[110],"can":[112],"establish":[113],"thresholds":[114],"coefficient":[117],"variation":[119],"beyond":[120],"which":[121],"questionable.":[127],"These":[128],"findings":[129],"emphasize":[130],"investigate":[134],"schemes":[136],"address":[138]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":8},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":12},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":11}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}