{"id":"https://openalex.org/W2786215208","doi":"https://doi.org/10.1109/tsg.2017.2786668","title":"Bilateral Contract Networks for Peer-to-Peer Energy Trading","display_name":"Bilateral Contract Networks for Peer-to-Peer Energy Trading","publication_year":2018,"publication_date":"2018-02-02","ids":{"openalex":"https://openalex.org/W2786215208","doi":"https://doi.org/10.1109/tsg.2017.2786668","mag":"2786215208"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2017.2786668","is_oa":true,"landing_page_url":"https://doi.org/10.1109/tsg.2017.2786668","pdf_url":"https://ieeexplore.ieee.org/ielx7/5165411/8643651/08279516.pdf","source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://ieeexplore.ieee.org/ielx7/5165411/8643651/08279516.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000042067","display_name":"Thomas Morstyn","orcid":"https://orcid.org/0000-0003-2781-9588"},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Thomas Morstyn","raw_affiliation_strings":["Department of Engineering Science, University of Oxford, Oxford, U.K"],"affiliations":[{"raw_affiliation_string":"Department of Engineering Science, University of Oxford, Oxford, U.K","institution_ids":["https://openalex.org/I40120149"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029758720","display_name":"Alexander Teytelboym","orcid":"https://orcid.org/0000-0002-6570-1903"},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Alexander Teytelboym","raw_affiliation_strings":["Department of Economics, University of Oxford, Oxford, U.K"],"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Oxford, Oxford, U.K","institution_ids":["https://openalex.org/I40120149"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5053017921","display_name":"Malcolm McCulloch","orcid":"https://orcid.org/0000-0001-5378-1128"},"institutions":[{"id":"https://openalex.org/I40120149","display_name":"University of Oxford","ror":"https://ror.org/052gg0110","country_code":"GB","type":"education","lineage":["https://openalex.org/I40120149"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Malcolm D. Mcculloch","raw_affiliation_strings":["Department of Engineering Science, University of Oxford, Oxford, U.K"],"affiliations":[{"raw_affiliation_string":"Department of Engineering Science, University of Oxford, Oxford, U.K","institution_ids":["https://openalex.org/I40120149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5000042067"],"corresponding_institution_ids":["https://openalex.org/I40120149"],"apc_list":null,"apc_paid":null,"fwci":32.5792,"has_fulltext":true,"cited_by_count":532,"citation_normalized_percentile":{"value":0.9985521,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":100},"biblio":{"volume":"10","issue":"2","first_page":"2026","last_page":"2035"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10603","display_name":"Smart Grid Energy Management","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/T10603","display_name":"Smart Grid Energy Management","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/T10424","display_name":"Electric Power System Optimization","score":0.9994000196456909,"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/T10223","display_name":"Microgrid Control and Optimization","score":0.9891999959945679,"subfield":{"id":"https://openalex.org/subfields/2207","display_name":"Control and Systems 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/scalability","display_name":"Scalability","score":0.6353287100791931},{"id":"https://openalex.org/keywords/upstream","display_name":"Upstream (networking)","score":0.6353002190589905},{"id":"https://openalex.org/keywords/intermediary","display_name":"Intermediary","score":0.577282190322876},{"id":"https://openalex.org/keywords/peer-to-peer","display_name":"Peer-to-peer","score":0.5266423225402832},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.47483211755752563},{"id":"https://openalex.org/keywords/distributed-generation","display_name":"Distributed generation","score":0.46297380328178406},{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.4492073953151703},{"id":"https://openalex.org/keywords/energy-market","display_name":"Energy market","score":0.4419752359390259},{"id":"https://openalex.org/keywords/renewable-energy","display_name":"Renewable energy","score":0.43938201665878296},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4341576397418976},{"id":"https://openalex.org/keywords/downstream","display_name":"Downstream (manufacturing)","score":0.4305162727832794},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.414900004863739},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.38394489884376526},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.349540114402771},{"id":"https://openalex.org/keywords/distributed-computing","display_name":"Distributed computing","score":0.27433884143829346},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.23273324966430664},{"id":"https://openalex.org/keywords/telecommunications","display_name":"Telecommunications","score":0.21039089560508728},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.12980788946151733},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.1063399612903595},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.09291884303092957}],"concepts":[{"id":"https://openalex.org/C48044578","wikidata":"https://www.wikidata.org/wiki/Q727490","display_name":"Scalability","level":2,"score":0.6353287100791931},{"id":"https://openalex.org/C191172861","wikidata":"https://www.wikidata.org/wiki/Q7899321","display_name":"Upstream (networking)","level":2,"score":0.6353002190589905},{"id":"https://openalex.org/C139569457","wikidata":"https://www.wikidata.org/wiki/Q1666223","display_name":"Intermediary","level":2,"score":0.577282190322876},{"id":"https://openalex.org/C534932454","wikidata":"https://www.wikidata.org/wiki/Q161410","display_name":"Peer-to-peer","level":2,"score":0.5266423225402832},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.47483211755752563},{"id":"https://openalex.org/C544738498","wikidata":"https://www.wikidata.org/wiki/Q861135","display_name":"Distributed generation","level":3,"score":0.46297380328178406},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.4492073953151703},{"id":"https://openalex.org/C2776849302","wikidata":"https://www.wikidata.org/wiki/Q1239166","display_name":"Energy market","level":3,"score":0.4419752359390259},{"id":"https://openalex.org/C188573790","wikidata":"https://www.wikidata.org/wiki/Q12705","display_name":"Renewable energy","level":2,"score":0.43938201665878296},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4341576397418976},{"id":"https://openalex.org/C2776207758","wikidata":"https://www.wikidata.org/wiki/Q5303302","display_name":"Downstream (manufacturing)","level":2,"score":0.4305162727832794},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.414900004863739},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.38394489884376526},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.349540114402771},{"id":"https://openalex.org/C120314980","wikidata":"https://www.wikidata.org/wiki/Q180634","display_name":"Distributed computing","level":1,"score":0.27433884143829346},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.23273324966430664},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.21039089560508728},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12980788946151733},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.1063399612903595},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.09291884303092957},{"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/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1109/tsg.2017.2786668","is_oa":true,"landing_page_url":"https://doi.org/10.1109/tsg.2017.2786668","pdf_url":"https://ieeexplore.ieee.org/ielx7/5165411/8643651/08279516.pdf","source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"},{"id":"pmh:oai:ora.ox.ac.uk:uuid:41660ab8-fc39-43cf-8437-93c1243403cf","is_oa":false,"landing_page_url":"https://ora.ox.ac.uk/objects/uuid:41660ab8-fc39-43cf-8437-93c1243403cf","pdf_url":null,"source":{"id":"https://openalex.org/S4306402636","display_name":"Oxford University Research Archive (ORA) (University of Oxford)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I40120149","host_organization_name":"University of Oxford","host_organization_lineage":["https://openalex.org/I40120149"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Symplectic Elements at Oxford","raw_type":"Journal article"}],"best_oa_location":{"id":"doi:10.1109/tsg.2017.2786668","is_oa":true,"landing_page_url":"https://doi.org/10.1109/tsg.2017.2786668","pdf_url":"https://ieeexplore.ieee.org/ielx7/5165411/8643651/08279516.pdf","source":{"id":"https://openalex.org/S59604973","display_name":"IEEE Transactions on Smart Grid","issn_l":"1949-3053","issn":["1949-3053","1949-3061"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Smart Grid","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.550000011920929,"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7"}],"awards":[{"id":"https://openalex.org/G1934935867","display_name":null,"funder_award_id":"Engineering and Physical Sciences R","funder_id":"https://openalex.org/F4320334627","funder_display_name":"Engineering and Physical Sciences Research Council"},{"id":"https://openalex.org/G638573393","display_name":null,"funder_award_id":"ES/R007470/1","funder_id":"https://openalex.org/F4320334630","funder_display_name":"Economic and Social Research Council"},{"id":"https://openalex.org/G7376874757","display_name":null,"funder_award_id":"EP/N03466X/1","funder_id":"https://openalex.org/F4320334627","funder_display_name":"Engineering and Physical Sciences Research Council"},{"id":"https://openalex.org/G7691693859","display_name":"Peer-to-Peer Energy Trading and Sharing - 3M (Multi-times, Multi-scales, Multi-qualities)","funder_award_id":"EP/N03466X/1","funder_id":"https://openalex.org/F4320334627","funder_display_name":"Engineering and Physical Sciences Research Council"}],"funders":[{"id":"https://openalex.org/F4320334627","display_name":"Engineering and Physical Sciences Research Council","ror":"https://ror.org/0439y7842"},{"id":"https://openalex.org/F4320334630","display_name":"Economic and Social Research Council","ror":"https://ror.org/03n0ht308"},{"id":"https://openalex.org/F4320334902","display_name":"Oxford Martin School, University of Oxford","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2786215208.pdf","grobid_xml":"https://content.openalex.org/works/W2786215208.grobid-xml"},"referenced_works_count":43,"referenced_works":["https://openalex.org/W1977336928","https://openalex.org/W1982653764","https://openalex.org/W1988156359","https://openalex.org/W1996299923","https://openalex.org/W2023087757","https://openalex.org/W2025925080","https://openalex.org/W2032489938","https://openalex.org/W2032901652","https://openalex.org/W2034194462","https://openalex.org/W2042101093","https://openalex.org/W2042225379","https://openalex.org/W2049132908","https://openalex.org/W2055034183","https://openalex.org/W2080856707","https://openalex.org/W2095984659","https://openalex.org/W2110050136","https://openalex.org/W2119305986","https://openalex.org/W2123923825","https://openalex.org/W2125165418","https://openalex.org/W2128166312","https://openalex.org/W2143538196","https://openalex.org/W2144931085","https://openalex.org/W2158486621","https://openalex.org/W2164874406","https://openalex.org/W2238329410","https://openalex.org/W2303784418","https://openalex.org/W2313187266","https://openalex.org/W2460213505","https://openalex.org/W2526767376","https://openalex.org/W2544892650","https://openalex.org/W2550402923","https://openalex.org/W2553595431","https://openalex.org/W2560199170","https://openalex.org/W2569201729","https://openalex.org/W2591914489","https://openalex.org/W2621489503","https://openalex.org/W3102795498","https://openalex.org/W3121799625","https://openalex.org/W3123424700","https://openalex.org/W3124407081","https://openalex.org/W3125537905","https://openalex.org/W4292691059","https://openalex.org/W6656358104"],"related_works":["https://openalex.org/W3113528484","https://openalex.org/W2241146542","https://openalex.org/W3124058258","https://openalex.org/W2209220924","https://openalex.org/W4214653257","https://openalex.org/W1499733765","https://openalex.org/W3125376000","https://openalex.org/W2031986320","https://openalex.org/W4362671650","https://openalex.org/W2117453324"],"abstract_inverted_index":{"This":[0,74],"paper":[1,75],"proposes":[2],"bilateral":[3],"contract":[4],"networks":[5],"as":[6,93],"a":[7,137,176],"new":[8],"scalable":[9],"market":[10,171],"design":[11],"for":[12,36,113,132],"peer-to-peer":[13],"energy":[14,19,49,61,83,145,161,167],"trading.":[15],"Coordinating":[16],"small-scale":[17,60],"distributed":[18,177],"resources":[20,62],"to":[21,29,154],"shape":[22],"overall":[23],"demand":[24],"could":[25],"offer":[26],"significant":[27],"value":[28],"power":[30,68],"systems,":[31],"by":[32],"alleviating":[33],"the":[34,55,67,134],"need":[35],"investments":[37],"in":[38],"upstream":[39],"generation":[40],"and":[41,47,59,78,95,116,147,169,189],"transmission":[42],"infrastructure,":[43],"increasing":[44,48],"network":[45,141],"efficiency":[46],"security.":[50],"However,":[51],"incentivising":[52],"coordination":[53],"between":[54,86,192],"owners":[56],"of":[57,66,82,109,136,142,160],"large-scale":[58],"at":[63],"different":[64],"levels":[65],"system":[69],"remains":[70],"an":[71],"unsolved":[72],"challenge.":[73],"introduces":[76],"real-time":[77,114],"forward":[79,117,170],"markets,":[80],"consisting":[81],"contracts":[84,115,118,143],"offered":[85],"generators":[87],"with":[88,97],"fuel-based":[89],"sources,":[90],"suppliers":[91],"acting":[92],"intermediaries":[94],"consumers":[96],"inflexible":[98],"loads,":[99],"time-coupled":[100],"flexible":[101],"loads":[102],"and/or":[103],"renewable":[104],"sources.":[105],"For":[106],"each":[107],"type":[108],"agent,":[110],"utility-maximising":[111],"preferences":[112,126],"are":[119,163],"derived.":[120],"It":[121],"is":[122],"shown":[123],"that":[124],"these":[125],"satisfy":[127],"full":[128],"substitutability":[129,174],"conditions":[130],"essential":[131],"establishing":[133],"existence":[135],"stable":[138],"outcome-an":[139],"agreed":[140],"specifying":[144],"trades":[146],"prices,":[148],"which":[149,183],"agents":[150],"do":[151],"not":[152],"wish":[153],"mutually":[155],"deviate":[156],"from.":[157],"Important":[158],"characteristics":[159],"trading":[162,193],"incorporated,":[164],"including":[165],"upstream-downstream":[166],"balance":[168],"uncertainty.":[172],"Full":[173],"ensures":[175],"price-adjustment":[178],"process":[179],"can":[180],"be":[181],"used,":[182],"only":[184],"requires":[185],"local":[186],"agent":[187],"decisions":[188],"agent-to-agent":[190],"communication":[191],"partners.":[194]},"counts_by_year":[{"year":2026,"cited_by_count":11},{"year":2025,"cited_by_count":43},{"year":2024,"cited_by_count":64},{"year":2023,"cited_by_count":79},{"year":2022,"cited_by_count":83},{"year":2021,"cited_by_count":92},{"year":2020,"cited_by_count":93},{"year":2019,"cited_by_count":52},{"year":2018,"cited_by_count":12},{"year":2017,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-04-10T15:06:20.359241","created_date":"2025-10-10T00:00:00"}
