{"id":"https://openalex.org/W2591642581","doi":"https://doi.org/10.1109/cdc.2017.8263665","title":"Hedging strategies for load-serving entities in wholesale electricity markets","display_name":"Hedging strategies for load-serving entities in wholesale electricity markets","publication_year":2017,"publication_date":"2017-12-01","ids":{"openalex":"https://openalex.org/W2591642581","doi":"https://doi.org/10.1109/cdc.2017.8263665","mag":"2591642581"},"language":"en","primary_location":{"id":"doi:10.1109/cdc.2017.8263665","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2017.8263665","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2017 IEEE 56th Annual Conference on Decision and Control (CDC)","raw_type":"proceedings-article"},"type":"conference-paper","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/A5036409951","display_name":"Datong P. Zhou","orcid":null},"institutions":[{"id":"https://openalex.org/I4210143601","display_name":"Decision Systems (United States)","ror":"https://ror.org/0434dpa13","country_code":"US","type":"company","lineage":["https://openalex.org/I4210143601"]},{"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":"Datong P. Zhou","raw_affiliation_strings":["Department of Mechanical Engineering, University of California, Berkeley, USA","MIT, Laboratory for Information and Decision Systems, Cambridge, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Mechanical Engineering, University of California, Berkeley, USA","institution_ids":["https://openalex.org/I95457486"]},{"raw_affiliation_string":"MIT, Laboratory for Information and Decision Systems, Cambridge, USA","institution_ids":["https://openalex.org/I4210143601"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5026064656","display_name":"Munther A. Dahleh","orcid":"https://orcid.org/0000-0002-1470-2148"},"institutions":[{"id":"https://openalex.org/I4210143601","display_name":"Decision Systems (United States)","ror":"https://ror.org/0434dpa13","country_code":"US","type":"company","lineage":["https://openalex.org/I4210143601"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Munther A. Dahleh","raw_affiliation_strings":["MIT, Laboratory for Information and Decision Systems, Cambridge, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"MIT, Laboratory for Information and Decision Systems, Cambridge, USA","institution_ids":["https://openalex.org/I4210143601"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5045155646","display_name":"Claire J. Tomlin","orcid":"https://orcid.org/0000-0003-3192-3185"},"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":"Claire J. Tomlin","raw_affiliation_strings":["Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Electrical Engineering and Computer Sciences, University of California, Berkeley, USA","institution_ids":["https://openalex.org/I95457486"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.2752,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.868828,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":"196","last_page":"201"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9998999834060669,"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":0.9998999834060669,"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/T11954","display_name":"Energy Efficiency and Management","score":0.9930999875068665,"subfield":{"id":"https://openalex.org/subfields/2105","display_name":"Renewable Energy, Sustainability and the Environment"},"field":{"id":"https://openalex.org/fields/21","display_name":"Energy"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10768","display_name":"Electric Vehicles and Infrastructure","score":0.9901000261306763,"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/electricity","display_name":"Electricity","score":0.7430520057678223},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.669769287109375},{"id":"https://openalex.org/keywords/demand-response","display_name":"Demand response","score":0.6584087014198303},{"id":"https://openalex.org/keywords/forward-contract","display_name":"Forward contract","score":0.6385453939437866},{"id":"https://openalex.org/keywords/hedge","display_name":"Hedge","score":0.5671236515045166},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.5288311839103699},{"id":"https://openalex.org/keywords/electricity-retailing","display_name":"Electricity retailing","score":0.5135383605957031},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.4871751666069031},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4635459780693054},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.44450637698173523},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.4119150638580322},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.3355647325515747},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3279263973236084},{"id":"https://openalex.org/keywords/commerce","display_name":"Commerce","score":0.3278067708015442},{"id":"https://openalex.org/keywords/futures-contract","display_name":"Futures contract","score":0.21429023146629333},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.17041873931884766},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.0782628059387207}],"concepts":[{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.7430520057678223},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.669769287109375},{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.6584087014198303},{"id":"https://openalex.org/C38904191","wikidata":"https://www.wikidata.org/wiki/Q744762","display_name":"Forward contract","level":3,"score":0.6385453939437866},{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.5671236515045166},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5288311839103699},{"id":"https://openalex.org/C57101690","wikidata":"https://www.wikidata.org/wiki/Q2356921","display_name":"Electricity retailing","level":4,"score":0.5135383605957031},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.4871751666069031},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4635459780693054},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.44450637698173523},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4119150638580322},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.3355647325515747},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3279263973236084},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.3278067708015442},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.21429023146629333},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17041873931884766},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0782628059387207},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"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/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/cdc.2017.8263665","is_oa":false,"landing_page_url":"https://doi.org/10.1109/cdc.2017.8263665","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2017 IEEE 56th Annual Conference on Decision and Control (CDC)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W1970474695","https://openalex.org/W1976174271","https://openalex.org/W1997001817","https://openalex.org/W2008156261","https://openalex.org/W2042454807","https://openalex.org/W2056497258","https://openalex.org/W2068060907","https://openalex.org/W2102854853","https://openalex.org/W2115700971","https://openalex.org/W2145284823","https://openalex.org/W2145528124","https://openalex.org/W2166867277","https://openalex.org/W2517754784","https://openalex.org/W2949463996","https://openalex.org/W2963522847","https://openalex.org/W3124407081","https://openalex.org/W3125407937","https://openalex.org/W3146844854","https://openalex.org/W4235477575","https://openalex.org/W6817306992"],"related_works":["https://openalex.org/W4385343797","https://openalex.org/W2518703924","https://openalex.org/W2383435403","https://openalex.org/W2378481139","https://openalex.org/W2348317328","https://openalex.org/W2240974977","https://openalex.org/W3121454543","https://openalex.org/W1012893270","https://openalex.org/W2385073707","https://openalex.org/W2056497258"],"abstract_inverted_index":{"Load-serving":[0],"entities":[1,43],"which":[2,32,116],"procure":[3],"electricity":[4,8,25,33,71,136],"from":[5],"the":[6,21,75,78],"wholesale":[7,70,135],"market":[9],"to":[10,20,44,77,89],"service":[11],"end-users":[12],"face":[13],"significant":[14],"quantity":[15],"and":[16,27,58,69,112,122],"price":[17,48],"risks":[18],"due":[19],"volatile":[22],"nature":[23],"of":[24,55,64,80,96,103],"demand":[26,68],"quasi-fixed":[28],"residential":[29,104],"tariffs":[30],"at":[31],"is":[34],"sold.":[35],"This":[36],"paper":[37],"investigates":[38],"strategies":[39],"for":[40],"load":[41],"serving":[42],"hedge":[45],"against":[46],"such":[47],"risks.":[49],"Specifically,":[50],"we":[51,108],"compute":[52],"profit-maximizing":[53],"portfolios":[54,111],"forward":[56,123],"contract":[57],"call":[59,120],"options":[60,121],"as":[61,134],"a":[62],"function":[63],"uncertain":[65],"aggregate":[66],"user":[67],"prices.":[72],"We":[73],"compare":[74],"profit":[76],"case":[79],"Demand":[81,117,129],"Response,":[82],"where":[83],"users":[84],"are":[85],"offered":[86],"monetary":[87],"incentives":[88],"temporarily":[90],"reduce":[91],"their":[92],"consumption":[93],"during":[94],"periods":[95],"supply":[97],"shortages.":[98],"Using":[99],"smart":[100],"meter":[101],"data":[102],"customers":[105],"in":[106],"California,":[107],"simulate":[109],"optimal":[110],"derive":[113],"conditions":[114],"under":[115],"Response":[118,130],"outperforms":[119],"contracts.":[124],"Our":[125],"analysis":[126],"suggests":[127],"that":[128],"becomes":[131],"more":[132],"competitive":[133],"prices":[137],"increase.":[138]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3}],"updated_date":"2026-07-29T14:22:42.915294","created_date":"2025-10-10T00:00:00"}
