{"id":"https://openalex.org/W4310584195","doi":"https://doi.org/10.1109/smartgridcomm52983.2022.9960994","title":"Insurance Contract for High Renewable Energy Integration","display_name":"Insurance Contract for High Renewable Energy Integration","publication_year":2022,"publication_date":"2022-10-25","ids":{"openalex":"https://openalex.org/W4310584195","doi":"https://doi.org/10.1109/smartgridcomm52983.2022.9960994"},"language":"en","primary_location":{"id":"doi:10.1109/smartgridcomm52983.2022.9960994","is_oa":false,"landing_page_url":"https://doi.org/10.1109/smartgridcomm52983.2022.9960994","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)","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/A5040923292","display_name":"Dongwei Zhao","orcid":"https://orcid.org/0000-0002-8809-8318"},"institutions":[{"id":"https://openalex.org/I63966007","display_name":"Massachusetts Institute of Technology","ror":"https://ror.org/042nb2s44","country_code":"US","type":"education","lineage":["https://openalex.org/I63966007"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Dongwei Zhao","raw_affiliation_strings":["MIT Energy Initiative, Massachusetts Institute of Technology"],"affiliations":[{"raw_affiliation_string":"MIT Energy Initiative, Massachusetts Institute of Technology","institution_ids":["https://openalex.org/I63966007"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5114377976","display_name":"Hao Wang","orcid":"https://orcid.org/0000-0001-5182-7938"},"institutions":[{"id":"https://openalex.org/I56590836","display_name":"Monash University","ror":"https://ror.org/02bfwt286","country_code":"AU","type":"education","lineage":["https://openalex.org/I56590836"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Hao Wang","raw_affiliation_strings":["Monash University,Department of Data Science and Artificial Intelligence","Department of Data Science and Artificial Intelligence, Monash University"],"affiliations":[{"raw_affiliation_string":"Monash University,Department of Data Science and Artificial Intelligence","institution_ids":["https://openalex.org/I56590836"]},{"raw_affiliation_string":"Department of Data Science and Artificial Intelligence, Monash University","institution_ids":["https://openalex.org/I56590836"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5062346297","display_name":"Jianwei Huang","orcid":"https://orcid.org/0000-0001-6631-1096"},"institutions":[{"id":"https://openalex.org/I4210105595","display_name":"Institute of Art","ror":"https://ror.org/017fyx225","country_code":"PL","type":"facility","lineage":["https://openalex.org/I4210105595","https://openalex.org/I99542240"]},{"id":"https://openalex.org/I4210116924","display_name":"Chinese University of Hong Kong, Shenzhen","ror":"https://ror.org/02d5ks197","country_code":"CN","type":"education","lineage":["https://openalex.org/I177725633","https://openalex.org/I180726961","https://openalex.org/I4210116924"]}],"countries":["CN","PL"],"is_corresponding":false,"raw_author_name":"Jianwei Huang","raw_affiliation_strings":["School of Science and Engineering, The Chinese University of Hong Kong,Shenzhen","Shenzhen Institute of Artificial Intelligence and Robotics for Society","School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen"],"affiliations":[{"raw_affiliation_string":"School of Science and Engineering, The Chinese University of Hong Kong,Shenzhen","institution_ids":["https://openalex.org/I4210116924"]},{"raw_affiliation_string":"Shenzhen Institute of Artificial Intelligence and Robotics for Society","institution_ids":["https://openalex.org/I4210105595"]},{"raw_affiliation_string":"School of Science and Engineering, The Chinese University of Hong Kong, Shenzhen","institution_ids":["https://openalex.org/I4210116924"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100763941","display_name":"Xiaojun Lin","orcid":"https://orcid.org/0000-0001-5729-8782"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Xiaojun Lin","raw_affiliation_strings":["Elmore Family School of Electrical and Computer Engineering, Purdue University"],"affiliations":[{"raw_affiliation_string":"Elmore Family School of Electrical and Computer Engineering, Purdue University","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5040923292"],"corresponding_institution_ids":["https://openalex.org/I63966007"],"apc_list":null,"apc_paid":null,"fwci":0.2744,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.53730017,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"271","last_page":"277"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","score":0.9987999796867371,"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":0.9987999796867371,"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":0.9975000023841858,"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":0.9728000164031982,"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/renewable-energy","display_name":"Renewable energy","score":0.6630082726478577},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.4688946604728699},{"id":"https://openalex.org/keywords/benchmark","display_name":"Benchmark (surveying)","score":0.4568633735179901},{"id":"https://openalex.org/keywords/insurance-policy","display_name":"Insurance policy","score":0.44943368434906006},{"id":"https://openalex.org/keywords/auto-insurance-risk-selection","display_name":"Auto insurance risk selection","score":0.44589710235595703},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4136372208595276},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3814605474472046},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.37448394298553467},{"id":"https://openalex.org/keywords/key-person-insurance","display_name":"Key person insurance","score":0.3480530381202698},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.24370712041854858},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.11935967206954956}],"concepts":[{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.6630082726478577},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.4688946604728699},{"id":"https://openalex.org/C185798385","wikidata":"https://www.wikidata.org/wiki/Q1161707","display_name":"Benchmark (surveying)","level":2,"score":0.4568633735179901},{"id":"https://openalex.org/C68799949","wikidata":"https://www.wikidata.org/wiki/Q977871","display_name":"Insurance policy","level":2,"score":0.44943368434906006},{"id":"https://openalex.org/C62172701","wikidata":"https://www.wikidata.org/wiki/Q4826138","display_name":"Auto insurance risk selection","level":4,"score":0.44589710235595703},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4136372208595276},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3814605474472046},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.37448394298553467},{"id":"https://openalex.org/C29513703","wikidata":"https://www.wikidata.org/wiki/Q6398174","display_name":"Key person insurance","level":3,"score":0.3480530381202698},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24370712041854858},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.11935967206954956},{"id":"https://openalex.org/C13280743","wikidata":"https://www.wikidata.org/wiki/Q131089","display_name":"Geodesy","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/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/smartgridcomm52983.2022.9960994","is_oa":false,"landing_page_url":"https://doi.org/10.1109/smartgridcomm52983.2022.9960994","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2022 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/7","display_name":"Affordable and clean energy","score":0.7799999713897705}],"awards":[{"id":"https://openalex.org/G1115689506","display_name":null,"funder_award_id":"DE230100046","funder_id":"https://openalex.org/F4320334704","funder_display_name":"Australian Research Council"},{"id":"https://openalex.org/G5223343997","display_name":null,"funder_award_id":"JCYJ20210324120011032","funder_id":"https://openalex.org/F4320326705","funder_display_name":"Science, Technology and Innovation Commission of Shenzhen Municipality"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320326705","display_name":"Science, Technology and Innovation Commission of Shenzhen Municipality","ror":null},{"id":"https://openalex.org/F4320334704","display_name":"Australian Research Council","ror":"https://ror.org/05mmh0f86"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W1993684010","https://openalex.org/W2116356260","https://openalex.org/W2248847725","https://openalex.org/W2329494729","https://openalex.org/W2921647884","https://openalex.org/W2954650984","https://openalex.org/W2964245345","https://openalex.org/W2965261237","https://openalex.org/W2967034027","https://openalex.org/W3006514721","https://openalex.org/W3162436079","https://openalex.org/W3183480247","https://openalex.org/W6774050745","https://openalex.org/W6797989208"],"related_works":["https://openalex.org/W2980438525","https://openalex.org/W2259379838","https://openalex.org/W3123307530","https://openalex.org/W2945524592","https://openalex.org/W1662335982","https://openalex.org/W2378586073","https://openalex.org/W2367447215","https://openalex.org/W609880657","https://openalex.org/W2377752973","https://openalex.org/W2375122011"],"abstract_inverted_index":{"The":[0],"increasing":[1,16],"penetration":[2],"of":[3,32,127,139,146,159,166,208],"renewable":[4,37,93,128,228],"energy":[5,38,94,191],"poses":[6],"significant":[7],"challenges":[8],"to":[9,25,36,48,70,106],"power":[10],"grid":[11],"reliability.":[12],"There":[13],"have":[14],"been":[15],"interests":[17],"in":[18,57],"utilizing":[19],"financial":[20],"tools,":[21],"such":[22],"as":[23],"insurance,":[24,41],"help":[26,165],"end-users":[27],"hedge":[28],"the":[29,49,72,85,92,103,116,121,125,136,140,144,160,164,170,174,179,185,198,205,209],"potential":[30],"risk":[31],"lost":[33],"load":[34],"due":[35],"variability.":[39],"With":[40],"a":[42,45,215,221,226],"user":[43],"pays":[44],"premium":[46],"fee":[47],"utility,":[50],"so":[51],"that":[52,135,184,204],"he":[53],"will":[54],"get":[55],"compensated":[56],"case":[58],"his":[59],"demand":[60],"is":[61,80,88,134,148,212],"not":[62],"fully":[63],"satisfied.":[64],"A":[65,130],"proper":[66],"insurance":[67,86,122,141,210],"design":[68,87,142],"needs":[69],"resolve":[71,151],"following":[73],"two":[74,167],"challenges:":[75],"(i)":[76],"users'":[77,108,189],"reliability":[78,110],"preference":[79],"private":[81,109],"information;":[82],"and":[83,112,124,143,173,188,225],"(ii)":[84],"tightly":[89],"coupled":[90],"with":[91,178,220],"investment":[95],"decision.":[96],"To":[97],"address":[98],"these":[99],"challenges,":[100],"we":[101,113,182],"adopt":[102],"contract":[104,123,211],"theory":[105],"elicit":[107],"preferences,":[111],"study":[114],"how":[115],"utility":[117],"can":[118],"jointly":[119],"optimize":[120],"planning":[126,145],"energy.":[129],"key":[131],"analytical":[132],"challenge":[133],"joint":[137],"optimization":[138],"renewables":[147],"non-convex.":[149],"We":[150],"this":[152],"difficulty":[153],"by":[154],"revealing":[155],"important":[156],"structural":[157],"properties":[158],"optimal":[161,199],"solution,":[162],"using":[163],"benchmark":[168,172],"problems:":[169],"no-insurance":[171,180],"social-optimum":[175],"benchmark.":[176],"Compared":[177],"benchmark,":[181],"prove":[183],"social":[186],"cost":[187,192],"total":[190],"are":[193],"always":[194],"no":[195],"larger":[196],"under":[197],"contract.":[200],"Simulation":[201],"results":[202],"show":[203],"largest":[206],"benefit":[207],"achieved":[213],"at":[214],"medium":[216],"electricity-bill":[217],"price":[218],"together":[219],"low":[222],"type":[223],"heterogeneity":[224],"high":[227],"uncertainty.":[229]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
