{"id":"https://openalex.org/W2570239618","doi":"https://doi.org/10.1109/cdc.2016.7799292","title":"Model and data analysis of two-settlement electricity market with virtual bidding","display_name":"Model and data analysis of two-settlement electricity market with virtual bidding","publication_year":2016,"publication_date":"2016-12-01","ids":{"openalex":"https://openalex.org/W2570239618","doi":"https://doi.org/10.1109/cdc.2016.7799292","mag":"2570239618"},"language":"en","primary_location":{"id":"doi:10.1109/cdc.2016.7799292","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2016.7799292","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2016 IEEE 55th 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/A5033721973","display_name":"Wenyuan Tang","orcid":"https://orcid.org/0000-0001-6307-2085"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]},{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Wenyuan Tang","raw_affiliation_strings":["Department of Civil and Environmental Engineering, Stanford University, CA, USA","Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA"],"affiliations":[{"raw_affiliation_string":"Department of Civil and Environmental Engineering, Stanford University, CA, USA","institution_ids":["https://openalex.org/I97018004"]},{"raw_affiliation_string":"Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028892842","display_name":"Ram Rajagopal","orcid":"https://orcid.org/0000-0002-4961-9539"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ram Rajagopal","raw_affiliation_strings":["Department of Civil and Environmental Engineering, Stanford University, CA, USA"],"affiliations":[{"raw_affiliation_string":"Department of Civil and Environmental Engineering, Stanford University, CA, USA","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5023927229","display_name":"Kameshwar Poolla","orcid":"https://orcid.org/0000-0001-6098-3537"},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Kameshwar Poolla","raw_affiliation_strings":["Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA"],"affiliations":[{"raw_affiliation_string":"Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA","institution_ids":["https://openalex.org/I95457486"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5040150415","display_name":"Pravin Varaiya","orcid":"https://orcid.org/0000-0002-1900-9932"},"institutions":[{"id":"https://openalex.org/I95457486","display_name":"University of California, Berkeley","ror":"https://ror.org/01an7q238","country_code":"US","type":"education","lineage":["https://openalex.org/I95457486"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Pravin Varaiya","raw_affiliation_strings":["Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA"],"affiliations":[{"raw_affiliation_string":"Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, CA, USA","institution_ids":["https://openalex.org/I95457486"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5033721973"],"corresponding_institution_ids":["https://openalex.org/I95457486","https://openalex.org/I97018004"],"apc_list":null,"apc_paid":null,"fwci":2.3889,"has_fulltext":false,"cited_by_count":36,"citation_normalized_percentile":{"value":0.89878604,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":null,"issue":null,"first_page":"6645","last_page":"6650"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9998000264167786,"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":0.9998000264167786,"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":0.9990000128746033,"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/T11052","display_name":"Energy Load and Power Forecasting","score":0.9983000159263611,"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/bidding","display_name":"Bidding","score":0.8940248489379883},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.6535677313804626},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.6442521810531616},{"id":"https://openalex.org/keywords/settlement","display_name":"Settlement (finance)","score":0.6028109788894653},{"id":"https://openalex.org/keywords/convergence","display_name":"Convergence (economics)","score":0.5789201855659485},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5131588578224182},{"id":"https://openalex.org/keywords/measure","display_name":"Measure (data warehouse)","score":0.4581725597381592},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4338498115539551},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.4012922942638397},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.3855574131011963},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.33814501762390137},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.33181333541870117},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3274082541465759},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.2726943790912628},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.19276157021522522},{"id":"https://openalex.org/keywords/data-mining","display_name":"Data mining","score":0.11577218770980835},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.10580417513847351}],"concepts":[{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.8940248489379883},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.6535677313804626},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.6442521810531616},{"id":"https://openalex.org/C2777063073","wikidata":"https://www.wikidata.org/wiki/Q1553237","display_name":"Settlement (finance)","level":3,"score":0.6028109788894653},{"id":"https://openalex.org/C2777303404","wikidata":"https://www.wikidata.org/wiki/Q759757","display_name":"Convergence (economics)","level":2,"score":0.5789201855659485},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5131588578224182},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.4581725597381592},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4338498115539551},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4012922942638397},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3855574131011963},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.33814501762390137},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.33181333541870117},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3274082541465759},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2726943790912628},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19276157021522522},{"id":"https://openalex.org/C124101348","wikidata":"https://www.wikidata.org/wiki/Q172491","display_name":"Data mining","level":1,"score":0.11577218770980835},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.10580417513847351},{"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/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/cdc.2016.7799292","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2016.7799292","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2016 IEEE 55th Conference on Decision and Control (CDC)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W846858325","https://openalex.org/W1220239271","https://openalex.org/W1968118818","https://openalex.org/W1982232435","https://openalex.org/W2042189955","https://openalex.org/W2079789601","https://openalex.org/W2080689291","https://openalex.org/W2154789221","https://openalex.org/W2274292328","https://openalex.org/W2611368914","https://openalex.org/W2911296314","https://openalex.org/W3121701901","https://openalex.org/W3124513544"],"related_works":["https://openalex.org/W3117163868","https://openalex.org/W3005545942","https://openalex.org/W2356680598","https://openalex.org/W2348317328","https://openalex.org/W2385067961","https://openalex.org/W2299915012","https://openalex.org/W2383586764","https://openalex.org/W4327773935","https://openalex.org/W2014767125","https://openalex.org/W2305061769"],"abstract_inverted_index":{"Systematic":[0],"nonzero":[1],"spreads,":[2],"defined":[3],"as":[4,62,69],"the":[5,16,30,41,67,73,78,82,89,98,101,104],"differences":[6],"between":[7],"day-ahead":[8],"and":[9,54,80],"real-time":[10],"prices,":[11],"are":[12],"routinely":[13],"observed":[14],"in":[15],"wholesale":[17],"electricity":[18],"markets.":[19],"Virtual":[20],"bidding":[21],"is":[22],"a":[23,45,50,56,70],"financial":[24],"mechanism":[25],"which":[26],"aims":[27],"to":[28,38,48],"reduce":[29],"magnitude":[31],"of":[32,72,77,103],"spreads":[33],"by":[34],"allowing":[35],"market":[36,52,79,99],"participants":[37],"arbitrage":[39],"on":[40],"spread.":[42,105],"We":[43,65],"follow":[44],"data-driven":[46],"approach":[47],"develop":[49],"two-settlement":[51],"model,":[53],"consider":[55],"game-theoretic":[57],"setting":[58],"with":[59],"virtual":[60,83,95],"bidders":[61,96],"strategic":[63],"players.":[64],"interpret":[66],"spread":[68],"measure":[71],"average":[74],"forecast":[75],"accuracy":[76],"all":[81],"bidders.":[84],"The":[85],"main":[86],"results":[87],"convey":[88],"implication":[90],"that":[91],"introducing":[92],"more":[93],"qualified":[94],"into":[97],"help":[100],"convergence":[102]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":4}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}