{"id":"https://openalex.org/W4415398904","doi":"https://doi.org/10.1109/smartgridcomm65349.2025.11204590","title":"Equivalence Analysis of Electricity Markets with Renewable Bidders","display_name":"Equivalence Analysis of Electricity Markets with Renewable Bidders","publication_year":2025,"publication_date":"2025-09-29","ids":{"openalex":"https://openalex.org/W4415398904","doi":"https://doi.org/10.1109/smartgridcomm65349.2025.11204590"},"language":null,"primary_location":{"id":"doi:10.1109/smartgridcomm65349.2025.11204590","is_oa":false,"landing_page_url":"https://doi.org/10.1109/smartgridcomm65349.2025.11204590","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2025 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/A5090903716","display_name":"Zihan Nie","orcid":"https://orcid.org/0000-0002-9677-4718"},"institutions":[{"id":"https://openalex.org/I165799507","display_name":"Rensselaer Polytechnic Institute","ror":"https://ror.org/01rtyzb94","country_code":"US","type":"education","lineage":["https://openalex.org/I165799507"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Zihan Nie","raw_affiliation_strings":["Rensselaer Polytechnic Institute,Troy,NY,USA,12180"],"affiliations":[{"raw_affiliation_string":"Rensselaer Polytechnic Institute,Troy,NY,USA,12180","institution_ids":["https://openalex.org/I165799507"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5042956534","display_name":"John Mitchell","orcid":"https://orcid.org/0000-0002-0710-5580"},"institutions":[{"id":"https://openalex.org/I165799507","display_name":"Rensselaer Polytechnic Institute","ror":"https://ror.org/01rtyzb94","country_code":"US","type":"education","lineage":["https://openalex.org/I165799507"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John E. Mitchell","raw_affiliation_strings":["Rensselaer Polytechnic Institute,Troy,NY,USA,12180"],"affiliations":[{"raw_affiliation_string":"Rensselaer Polytechnic Institute,Troy,NY,USA,12180","institution_ids":["https://openalex.org/I165799507"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090686321","display_name":"Koushik Kar","orcid":"https://orcid.org/0000-0003-2506-672X"},"institutions":[{"id":"https://openalex.org/I165799507","display_name":"Rensselaer Polytechnic Institute","ror":"https://ror.org/01rtyzb94","country_code":"US","type":"education","lineage":["https://openalex.org/I165799507"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Koushik Kar","raw_affiliation_strings":["Rensselaer Polytechnic Institute,Troy,NY,USA,12180"],"affiliations":[{"raw_affiliation_string":"Rensselaer Polytechnic Institute,Troy,NY,USA,12180","institution_ids":["https://openalex.org/I165799507"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5003146039","display_name":"Joe H. Chow","orcid":"https://orcid.org/0000-0001-6021-0112"},"institutions":[{"id":"https://openalex.org/I165799507","display_name":"Rensselaer Polytechnic Institute","ror":"https://ror.org/01rtyzb94","country_code":"US","type":"education","lineage":["https://openalex.org/I165799507"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joe H. Chow","raw_affiliation_strings":["Rensselaer Polytechnic Institute,Troy,NY,USA,12180"],"affiliations":[{"raw_affiliation_string":"Rensselaer Polytechnic Institute,Troy,NY,USA,12180","institution_ids":["https://openalex.org/I165799507"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5090903716"],"corresponding_institution_ids":["https://openalex.org/I165799507"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.29258258,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"1","last_page":"7"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10424","display_name":"Electric Power System Optimization","score":0.9653000235557556,"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":0.9653000235557556,"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":0.7412999868392944},{"id":"https://openalex.org/keywords/bidding","display_name":"Bidding","score":0.6492000222206116},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.5593000054359436},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5587999820709229},{"id":"https://openalex.org/keywords/equivalence","display_name":"Equivalence (formal languages)","score":0.4853000044822693},{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.46889999508857727},{"id":"https://openalex.org/keywords/market-clearing","display_name":"Market clearing","score":0.4471000134944916}],"concepts":[{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.7412999868392944},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.6492000222206116},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5806000232696533},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.5593000054359436},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5587999820709229},{"id":"https://openalex.org/C2780069185","wikidata":"https://www.wikidata.org/wiki/Q7977945","display_name":"Equivalence (formal languages)","level":2,"score":0.4853000044822693},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.46889999508857727},{"id":"https://openalex.org/C14981831","wikidata":"https://www.wikidata.org/wiki/Q1713661","display_name":"Market clearing","level":2,"score":0.4471000134944916},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.40869998931884766},{"id":"https://openalex.org/C423512","wikidata":"https://www.wikidata.org/wiki/Q383973","display_name":"Electricity generation","level":3,"score":0.3953000009059906},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.3808000087738037},{"id":"https://openalex.org/C64112148","wikidata":"https://www.wikidata.org/wiki/Q160151","display_name":"Market price","level":2,"score":0.35339999198913574},{"id":"https://openalex.org/C57101690","wikidata":"https://www.wikidata.org/wiki/Q2356921","display_name":"Electricity retailing","level":4,"score":0.29319998621940613},{"id":"https://openalex.org/C114118609","wikidata":"https://www.wikidata.org/wiki/Q3036837","display_name":"Market data","level":2,"score":0.2912999987602234},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.29120001196861267},{"id":"https://openalex.org/C89227174","wikidata":"https://www.wikidata.org/wiki/Q2388981","display_name":"Electric power system","level":3,"score":0.2854999899864197},{"id":"https://openalex.org/C143517461","wikidata":"https://www.wikidata.org/wiki/Q1138571","display_name":"Renewable resource","level":3,"score":0.2824999988079071},{"id":"https://openalex.org/C2985697011","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economic analysis","level":2,"score":0.275299996137619},{"id":"https://openalex.org/C26578527","wikidata":"https://www.wikidata.org/wiki/Q183384","display_name":"Perfect competition","level":2,"score":0.25999999046325684}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/smartgridcomm65349.2025.11204590","is_oa":false,"landing_page_url":"https://doi.org/10.1109/smartgridcomm65349.2025.11204590","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2025 IEEE International Conference on Communications, Control, and Computing Technologies for Smart Grids (SmartGridComm)","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":10,"referenced_works":["https://openalex.org/W1987483509","https://openalex.org/W2114196548","https://openalex.org/W2412171158","https://openalex.org/W2759575002","https://openalex.org/W2914728128","https://openalex.org/W3035882093","https://openalex.org/W3193123637","https://openalex.org/W4214545088","https://openalex.org/W4244226193","https://openalex.org/W4285103553"],"related_works":[],"abstract_inverted_index":{"Renewable":[0],"power":[1,43],"generators":[2,22,44],"typically":[3],"participate":[4],"as":[5,27,115,117,130],"price-takers":[6],"in":[7,93,136,154],"current":[8,91,132],"electricity":[9,39],"markets,":[10],"and":[11,71,112,141,158],"market":[12,69,85,92,126,146],"clearing":[13],"prices":[14],"are":[15,45],"determined":[16,81],"by":[17],"cost":[18,51,59,77,120,140],"curves":[19,52,60,78],"of":[20,38,61,95,109,138],"conventional":[21,62,111],"while":[23],"treating":[24],"renewable":[25,42,76,113],"generation":[26],"negative":[28],"load.":[29],"In":[30],"this":[31],"paper,":[32],"we":[33],"analyze":[34],"a":[35],"new":[36,68,84,145],"design":[37,147],"markets":[40],"where":[41],"able":[46],"to":[47,86,89,121,150,161],"bid":[48,159],"their":[49,162],"expectation-adjusted":[50],"into":[53],"the":[54,58,67,75,83,90,104,106,118,124,128,131,144,155,175,176],"market,":[55],"just":[56],"like":[57],"generators.":[63],"We":[64,99,165],"formally":[65],"define":[66],"model,":[70],"mathematically":[72],"show":[73],"how":[74],"should":[79],"be":[80,87,151],"for":[82],"equivalent":[88,135],"terms":[94,137],"overall":[96],"system":[97],"cost.":[98],"further":[100],"establish":[101],"that":[102],"on":[103],"average,":[105],"total":[107,119],"revenue":[108,142],"both":[110],"generators,":[114],"well":[116],"consumers,":[122],"under":[123],"proposed":[125],"is":[127],"same":[129],"practice.":[133],"While":[134],"aggregate":[139],"measures,":[143],"allows":[148],"renewables":[149],"direct":[152],"participants":[153],"bidding":[156],"process":[157],"according":[160],"risk-return":[163],"tolerance.":[164],"demonstrate":[166],"our":[167],"analytical":[168],"results":[169],"numerically":[170],"using":[171],"data":[172],"obtained":[173],"from":[174],"Texas":[177],"grid.":[178]},"counts_by_year":[],"updated_date":"2026-04-09T08:11:56.329763","created_date":"2025-10-22T00:00:00"}
