{"id":"https://openalex.org/W4226429064","doi":"https://doi.org/10.1109/tsg.2022.3166791","title":"Electricity Price Prediction for Energy Storage System Arbitrage: A Decision-Focused Approach","display_name":"Electricity Price Prediction for Energy Storage System Arbitrage: A Decision-Focused Approach","publication_year":2022,"publication_date":"2022-04-12","ids":{"openalex":"https://openalex.org/W4226429064","doi":"https://doi.org/10.1109/tsg.2022.3166791"},"language":"en","primary_location":{"id":"doi:10.1109/tsg.2022.3166791","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2022.3166791","pdf_url":null,"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":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019551162","display_name":"Linwei Sang","orcid":"https://orcid.org/0000-0001-6340-1758"},"institutions":[{"id":"https://openalex.org/I4210114105","display_name":"Tsinghua\u2013Berkeley Shenzhen Institute","ror":"https://ror.org/02hhwwz98","country_code":"CN","type":"facility","lineage":["https://openalex.org/I4210114105","https://openalex.org/I95457486","https://openalex.org/I99065089"]},{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Linwei Sang","raw_affiliation_strings":["Tsinghua&#x2013;Berkeley Shenzhen Institute, Tsinghua Shenzhen International Graduate School, Tsinghua University, Shenzhen, China"],"raw_orcid":"https://orcid.org/0000-0001-6340-1758","affiliations":[{"raw_affiliation_string":"Tsinghua&#x2013;Berkeley Shenzhen Institute, Tsinghua Shenzhen International Graduate School, Tsinghua University, Shenzhen, China","institution_ids":["https://openalex.org/I4210114105","https://openalex.org/I99065089"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5072434311","display_name":"Yinliang Xu","orcid":"https://orcid.org/0000-0001-5149-5101"},"institutions":[{"id":"https://openalex.org/I4210114105","display_name":"Tsinghua\u2013Berkeley Shenzhen Institute","ror":"https://ror.org/02hhwwz98","country_code":"CN","type":"facility","lineage":["https://openalex.org/I4210114105","https://openalex.org/I95457486","https://openalex.org/I99065089"]},{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yinliang Xu","raw_affiliation_strings":["Tsinghua&#x2013;Berkeley Shenzhen Institute, Tsinghua Shenzhen International Graduate School, Tsinghua University, Shenzhen, China"],"raw_orcid":"https://orcid.org/0000-0001-5149-5101","affiliations":[{"raw_affiliation_string":"Tsinghua&#x2013;Berkeley Shenzhen Institute, Tsinghua Shenzhen International Graduate School, Tsinghua University, Shenzhen, China","institution_ids":["https://openalex.org/I4210114105","https://openalex.org/I99065089"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5018039614","display_name":"Huan Long","orcid":"https://orcid.org/0000-0002-6578-9140"},"institutions":[{"id":"https://openalex.org/I76569877","display_name":"Southeast University","ror":"https://ror.org/04ct4d772","country_code":"CN","type":"education","lineage":["https://openalex.org/I76569877"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Huan Long","raw_affiliation_strings":["School of Electrical Engineering, Southeast University, Nanjing, China"],"raw_orcid":"https://orcid.org/0000-0002-6578-9140","affiliations":[{"raw_affiliation_string":"School of Electrical Engineering, Southeast University, Nanjing, China","institution_ids":["https://openalex.org/I76569877"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069913666","display_name":"Qinran Hu","orcid":"https://orcid.org/0000-0002-5398-5718"},"institutions":[{"id":"https://openalex.org/I76569877","display_name":"Southeast University","ror":"https://ror.org/04ct4d772","country_code":"CN","type":"education","lineage":["https://openalex.org/I76569877"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qinran Hu","raw_affiliation_strings":["School of Electrical Engineering, Southeast University, Nanjing, China"],"raw_orcid":"https://orcid.org/0000-0002-5398-5718","affiliations":[{"raw_affiliation_string":"School of Electrical Engineering, Southeast University, Nanjing, China","institution_ids":["https://openalex.org/I76569877"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100762412","display_name":"Hongbin Sun","orcid":"https://orcid.org/0000-0002-5465-9818"},"institutions":[{"id":"https://openalex.org/I99065089","display_name":"Tsinghua University","ror":"https://ror.org/03cve4549","country_code":"CN","type":"education","lineage":["https://openalex.org/I99065089"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Hongbin Sun","raw_affiliation_strings":["Department of Electrical Engineering, State Key Laboratory of Power Systems, Tsinghua University, Beijing, China"],"raw_orcid":"https://orcid.org/0000-0002-5465-9818","affiliations":[{"raw_affiliation_string":"Department of Electrical Engineering, State Key Laboratory of Power Systems, Tsinghua University, Beijing, China","institution_ids":["https://openalex.org/I99065089"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2195,"currency":"USD","value_usd":2195},"apc_paid":null,"fwci":4.8661,"has_fulltext":false,"cited_by_count":85,"citation_normalized_percentile":{"value":0.96361188,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"13","issue":"4","first_page":"2822","last_page":"2832"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11052","display_name":"Energy Load and Power Forecasting","score":1.0,"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/T11052","display_name":"Energy Load and Power Forecasting","score":1.0,"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":0.9987000226974487,"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":0.9986000061035156,"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/computer-science","display_name":"Computer science","score":0.6169966459274292},{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.5161148309707642},{"id":"https://openalex.org/keywords/regret","display_name":"Regret","score":0.508019208908081},{"id":"https://openalex.org/keywords/electricity-price-forecasting","display_name":"Electricity price forecasting","score":0.4926055073738098},{"id":"https://openalex.org/keywords/predictive-modelling","display_name":"Predictive modelling","score":0.4660296142101288},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.4639512896537781},{"id":"https://openalex.org/keywords/oracle","display_name":"Oracle","score":0.46369728446006775},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.45375725626945496},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.4175509512424469},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.3592491149902344},{"id":"https://openalex.org/keywords/machine-learning","display_name":"Machine learning","score":0.33405885100364685},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.22035294771194458},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.17794334888458252},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.1101626455783844}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6169966459274292},{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.5161148309707642},{"id":"https://openalex.org/C50817715","wikidata":"https://www.wikidata.org/wiki/Q79895177","display_name":"Regret","level":2,"score":0.508019208908081},{"id":"https://openalex.org/C2781104810","wikidata":"https://www.wikidata.org/wiki/Q23580049","display_name":"Electricity price forecasting","level":4,"score":0.4926055073738098},{"id":"https://openalex.org/C45804977","wikidata":"https://www.wikidata.org/wiki/Q7239673","display_name":"Predictive modelling","level":2,"score":0.4660296142101288},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.4639512896537781},{"id":"https://openalex.org/C55166926","wikidata":"https://www.wikidata.org/wiki/Q2892946","display_name":"Oracle","level":2,"score":0.46369728446006775},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.45375725626945496},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.4175509512424469},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3592491149902344},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.33405885100364685},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.22035294771194458},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.17794334888458252},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1101626455783844},{"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/C115903868","wikidata":"https://www.wikidata.org/wiki/Q80993","display_name":"Software engineering","level":1,"score":0.0},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tsg.2022.3166791","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tsg.2022.3166791","pdf_url":null,"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"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/7","score":0.4099999964237213,"display_name":"Affordable and clean energy"}],"awards":[{"id":"https://openalex.org/G2901588051","display_name":null,"funder_award_id":"JC2021004","funder_id":"https://openalex.org/F4320337986","funder_display_name":"Tsinghua Shenzhen International Graduate School"},{"id":"https://openalex.org/G3043101197","display_name":null,"funder_award_id":"2021A1515012450","funder_id":"https://openalex.org/F4320337111","funder_display_name":"Basic and Applied Basic Research Foundation of Guangdong Province"}],"funders":[{"id":"https://openalex.org/F4320337111","display_name":"Basic and Applied Basic Research Foundation of Guangdong Province","ror":null},{"id":"https://openalex.org/F4320337986","display_name":"Tsinghua Shenzhen International Graduate School","ror":"https://ror.org/01vceef04"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":42,"referenced_works":["https://openalex.org/W2089217930","https://openalex.org/W2101234009","https://openalex.org/W2165232124","https://openalex.org/W2322676867","https://openalex.org/W2604255644","https://openalex.org/W2612690371","https://openalex.org/W2614198276","https://openalex.org/W2650193915","https://openalex.org/W2761451262","https://openalex.org/W2798405286","https://openalex.org/W2802586787","https://openalex.org/W2883178012","https://openalex.org/W2891043964","https://openalex.org/W2911612251","https://openalex.org/W2912295345","https://openalex.org/W2943807263","https://openalex.org/W2945413977","https://openalex.org/W2953771933","https://openalex.org/W2963148318","https://openalex.org/W2995808073","https://openalex.org/W2998274290","https://openalex.org/W2999905431","https://openalex.org/W3004075452","https://openalex.org/W3007130202","https://openalex.org/W3016068557","https://openalex.org/W3018242578","https://openalex.org/W3089354771","https://openalex.org/W3097789556","https://openalex.org/W3112212881","https://openalex.org/W3119829145","https://openalex.org/W3126750228","https://openalex.org/W3136027957","https://openalex.org/W3152959884","https://openalex.org/W3170553107","https://openalex.org/W3172736250","https://openalex.org/W4200379301","https://openalex.org/W4214717370","https://openalex.org/W4297825594","https://openalex.org/W6675354045","https://openalex.org/W6696497002","https://openalex.org/W6743460405","https://openalex.org/W6766978945"],"related_works":["https://openalex.org/W2971351794","https://openalex.org/W4376155396","https://openalex.org/W1947085858","https://openalex.org/W2174986909","https://openalex.org/W2527791220","https://openalex.org/W2101991911","https://openalex.org/W2155070487","https://openalex.org/W4311589891","https://openalex.org/W3123835761","https://openalex.org/W118270247"],"abstract_inverted_index":{"Electricity":[0],"price":[1,35,78,105],"prediction":[2,14,19,36,52,66,108,113,132,135,163,167,172],"plays":[3],"a":[4,32],"vital":[5],"role":[6],"in":[7],"energy":[8],"storage":[9],"system":[10],"(ESS)":[11],"management.":[12],"Current":[13],"models":[15,133,168],"focus":[16],"on":[17,25,111],"reducing":[18],"errors":[20,156],"but":[21],"overlook":[22],"their":[23],"impact":[24],"downstream":[26,47,61],"decision-making.":[27],"So":[28],"this":[29,117],"paper":[30,118],"proposes":[31,119],"decision-focused":[33,55],"electricity":[34],"approach":[37,56,146],"for":[38,64,106,134,169],"ESS":[39],"arbitrage":[40,62],"to":[41,50,103,130,166],"bridge":[42],"the":[43,46,51,60,70,76,83,94,101,112,120,144,159],"gap":[44],"from":[45],"optimization":[48],"model":[49,63],"model.":[53],"The":[54,139],"aims":[57],"at":[58],"utilizing":[59],"training":[65,107],"models.":[67,109],"It":[68],"measures":[69],"difference":[71],"between":[72],"actual":[73],"decisions":[74,81],"under":[75,82],"predicted":[77,104],"and":[79,98,114,123,136,153],"oracle":[80],"true":[84],"price,":[85],"i.e.,":[86],"decision":[87,115,137,155],"error,":[88],"by":[89,157],"regret,":[90,97],"transforms":[91],"it":[92],"into":[93],"tractable":[95],"surrogate":[96],"then":[99],"derives":[100],"gradients":[102],"Based":[110],"errors,":[116,164],"hybrid":[121],"loss":[122],"corresponding":[124],"stochastic":[125],"gradient":[126],"descent":[127],"learning":[128],"method":[129],"learn":[131],"accuracy.":[138],"case":[140],"study":[141],"verifies":[142],"that":[143],"proposed":[145],"can":[147],"efficiently":[148],"bring":[149],"more":[150],"economic":[151],"benefits":[152],"reduce":[154],"flattening":[158],"time":[160],"distribution":[161],"of":[162],"compared":[165],"only":[170],"minimizing":[171],"errors.":[173]},"counts_by_year":[{"year":2026,"cited_by_count":20},{"year":2025,"cited_by_count":40},{"year":2024,"cited_by_count":19},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2}],"updated_date":"2026-09-01T08:31:24.195828","created_date":"2025-10-10T00:00:00"}
