{"id":"https://openalex.org/W1974451096","doi":"https://doi.org/10.1145/2602044.2602052","title":"Impact of demand-response on the efficiency and prices in real-time electricity markets","display_name":"Impact of demand-response on the efficiency and prices in real-time electricity markets","publication_year":2014,"publication_date":"2014-06-10","ids":{"openalex":"https://openalex.org/W1974451096","doi":"https://doi.org/10.1145/2602044.2602052","mag":"1974451096"},"language":"en","primary_location":{"id":"doi:10.1145/2602044.2602052","is_oa":true,"landing_page_url":"https://doi.org/10.1145/2602044.2602052","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/2602044.2602052","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 5th international conference on Future energy systems","raw_type":"proceedings-article"},"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://dl.acm.org/doi/pdf/10.1145/2602044.2602052","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052639125","display_name":"Nicolas Gast","orcid":"https://orcid.org/0000-0001-6884-8698"},"institutions":[{"id":"https://openalex.org/I5124864","display_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","ror":"https://ror.org/02s376052","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I5124864"]}],"countries":["CH"],"is_corresponding":true,"raw_author_name":"Nicolas Gast","raw_affiliation_strings":["EPFL, Lausanne, Switzerland"],"affiliations":[{"raw_affiliation_string":"EPFL, Lausanne, Switzerland","institution_ids":["https://openalex.org/I5124864"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5041322972","display_name":"Jean\u2010Yves Le Boudec","orcid":"https://orcid.org/0000-0003-2357-8078"},"institutions":[{"id":"https://openalex.org/I5124864","display_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","ror":"https://ror.org/02s376052","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I5124864"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Jean-Yves Le Boudec","raw_affiliation_strings":["EPFL, Lausanne, Switzerland"],"affiliations":[{"raw_affiliation_string":"EPFL, Lausanne, Switzerland","institution_ids":["https://openalex.org/I5124864"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5040165486","display_name":"Dan-Cristian Tomozei","orcid":null},"institutions":[{"id":"https://openalex.org/I5124864","display_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","ror":"https://ror.org/02s376052","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I5124864"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Dan-Cristian Tomozei","raw_affiliation_strings":["EPFL, Lausanne, Switzerland"],"affiliations":[{"raw_affiliation_string":"EPFL, Lausanne, Switzerland","institution_ids":["https://openalex.org/I5124864"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5052639125"],"corresponding_institution_ids":["https://openalex.org/I5124864"],"apc_list":null,"apc_paid":null,"fwci":0.73992348,"has_fulltext":true,"cited_by_count":6,"citation_normalized_percentile":{"value":0.76334145,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"171","last_page":"182"},"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/T10424","display_name":"Electric Power System Optimization","score":0.9988999962806702,"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/T11052","display_name":"Energy Load and Power Forecasting","score":0.9908000230789185,"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/demand-response","display_name":"Demand response","score":0.7405761480331421},{"id":"https://openalex.org/keywords/news-aggregator","display_name":"News aggregator","score":0.7198934555053711},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.5694544911384583},{"id":"https://openalex.org/keywords/electricity-market","display_name":"Electricity market","score":0.5572625398635864},{"id":"https://openalex.org/keywords/electricity","display_name":"Electricity","score":0.5563706159591675},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.537585973739624},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5360840559005737},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.46318790316581726},{"id":"https://openalex.org/keywords/operator","display_name":"Operator (biology)","score":0.44112536311149597},{"id":"https://openalex.org/keywords/welfare","display_name":"Welfare","score":0.42847463488578796},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.36158204078674316},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.09453818202018738}],"concepts":[{"id":"https://openalex.org/C2779438525","wikidata":"https://www.wikidata.org/wiki/Q5255048","display_name":"Demand response","level":3,"score":0.7405761480331421},{"id":"https://openalex.org/C180505990","wikidata":"https://www.wikidata.org/wiki/Q498267","display_name":"News aggregator","level":2,"score":0.7198934555053711},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.5694544911384583},{"id":"https://openalex.org/C146733006","wikidata":"https://www.wikidata.org/wiki/Q676081","display_name":"Electricity market","level":3,"score":0.5572625398635864},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5563706159591675},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.537585973739624},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5360840559005737},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.46318790316581726},{"id":"https://openalex.org/C17020691","wikidata":"https://www.wikidata.org/wiki/Q139677","display_name":"Operator (biology)","level":5,"score":0.44112536311149597},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.42847463488578796},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.36158204078674316},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.09453818202018738},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","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/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C158448853","wikidata":"https://www.wikidata.org/wiki/Q425218","display_name":"Repressor","level":4,"score":0.0},{"id":"https://openalex.org/C86339819","wikidata":"https://www.wikidata.org/wiki/Q407384","display_name":"Transcription factor","level":3,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1145/2602044.2602052","is_oa":true,"landing_page_url":"https://doi.org/10.1145/2602044.2602052","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/2602044.2602052","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 5th international conference on Future energy systems","raw_type":"proceedings-article"},{"id":"pmh:oai:HAL:hal-01086036v1","is_oa":true,"landing_page_url":"https://inria.hal.science/hal-01086036","pdf_url":null,"source":null,"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://conferences.sigcomm.org/eenergy/2014/","raw_type":"Conference papers"},{"id":"pmh:oai:infoscience.epfl.ch:200003","is_oa":true,"landing_page_url":"http://infoscience.epfl.ch/record/200003","pdf_url":null,"source":{"id":"https://openalex.org/S4306400487","display_name":"Infoscience (Ecole Polytechnique F\u00e9d\u00e9rale de Lausanne)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Text"},{"id":"pmh:oai:infoscience.tind.io:200003","is_oa":true,"landing_page_url":"https://infoscience.epfl.ch/handle/20.500.14299/104753","pdf_url":null,"source":{"id":"https://openalex.org/S4306400487","display_name":"Infoscience (Ecole Polytechnique F\u00e9d\u00e9rale de Lausanne)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"conference proceedings"}],"best_oa_location":{"id":"doi:10.1145/2602044.2602052","is_oa":true,"landing_page_url":"https://doi.org/10.1145/2602044.2602052","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/2602044.2602052","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 5th international conference on Future energy systems","raw_type":"proceedings-article"},"sustainable_development_goals":[{"display_name":"Affordable and clean energy","id":"https://metadata.un.org/sdg/7","score":0.7099999785423279}],"awards":[{"id":"https://openalex.org/G4338682322","display_name":null,"funder_award_id":"600708","funder_id":"https://openalex.org/F4320334960","funder_display_name":"Seventh Framework Programme"}],"funders":[{"id":"https://openalex.org/F4320334960","display_name":"Seventh Framework Programme","ror":"https://ror.org/00k4n6c32"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1974451096.pdf","grobid_xml":"https://content.openalex.org/works/W1974451096.grobid-xml"},"referenced_works_count":27,"referenced_works":["https://openalex.org/W201621110","https://openalex.org/W1580401130","https://openalex.org/W1867539192","https://openalex.org/W1984560471","https://openalex.org/W1985930142","https://openalex.org/W1987313437","https://openalex.org/W1997898472","https://openalex.org/W2004853291","https://openalex.org/W2009189728","https://openalex.org/W2029804570","https://openalex.org/W2034259497","https://openalex.org/W2042592362","https://openalex.org/W2054989445","https://openalex.org/W2055034183","https://openalex.org/W2099590656","https://openalex.org/W2113810680","https://openalex.org/W2118950029","https://openalex.org/W2124856311","https://openalex.org/W2143022498","https://openalex.org/W2164278908","https://openalex.org/W2181681996","https://openalex.org/W2296319761","https://openalex.org/W3105216225","https://openalex.org/W4233091538","https://openalex.org/W4242780885","https://openalex.org/W4250589301","https://openalex.org/W4292363360"],"related_works":["https://openalex.org/W3046697705","https://openalex.org/W4226431440","https://openalex.org/W3093688972","https://openalex.org/W3131627313","https://openalex.org/W3012323502","https://openalex.org/W2939108172","https://openalex.org/W4214604859","https://openalex.org/W2784220452","https://openalex.org/W2906194504","https://openalex.org/W3005701630"],"abstract_inverted_index":{"We":[0,12,30,141,240],"study":[1,31],"the":[2,22,32,40,55,57,81,94,98,104,108,111,120,139,143,152,159,164,172,181,188,214,217,225],"effect":[3],"of":[4,25,107,110,124,166,175,184,203,227],"Demand-Response":[5],"(DR)":[6],"in":[7,36,39,49,54,100,213],"dynamic":[8],"real-time":[9,33],"electricity":[10],"markets.":[11],"use":[13],"a":[14,89,115,200,211,245,254,280],"two-stage":[15],"market":[16,34,52,190],"model":[17],"that":[18,145,242],"takes":[19],"into":[20],"account":[21],"dynamical":[23],"aspects":[24],"generation,":[26],"demand,":[27],"and":[28,127,208,248,278],"DR.":[29,229],"prices":[35,86,267],"two":[37],"scenarios:":[38],"former,":[41],"consumers":[42],"anticipate":[43],"or":[44],"delay":[45],"their":[46],"flexible":[47,58],"loads":[48,59,195],"reaction":[50],"to":[51,85,210,223],"prices;":[53],"latter,":[56],"are":[60,74,132,196],"controlled":[61],"by":[62,198],"an":[63,221,235],"independent":[64],"aggregator.":[65],"For":[66,103],"both":[67],"scenarios,":[68],"we":[69,113,231],"show":[70],"that,":[71],"when":[72,252],"users":[73],"price-takers,":[75],"any":[76],"competitive":[77],"equilibrium":[78],"is":[79,97,154,257],"efficient:":[80],"players'":[82],"selfish":[83],"responses":[84],"coincide":[87],"with":[88,163,234,265],"socially":[90],"optimal":[91],"policy.":[92],"Moreover,":[93],"price":[95],"process":[96],"same":[99],"all":[101,146],"scenarios.":[102],"numerical":[105],"evaluation":[106],"properties":[109],"equilibrium,":[112],"develop":[114],"solution":[116],"technique":[117],"based":[118],"on":[119,270],"Alternating":[121],"Direction":[122],"Method":[123],"Multipliers":[125],"(ADMM)":[126],"trajectorial":[128],"forecasts.":[129],"The":[130],"forecasts":[131],"computed":[133],"using":[134],"wind":[135],"generation":[136],"data":[137],"from":[138,262],"UK.":[140],"challenge":[142],"assumption":[144,153],"players":[147],"have":[148],"full":[149],"information.":[150],"If":[151],"verified,":[155],"then,":[156],"as":[157],"expected,":[158],"social":[160],"welfare":[161],"increases":[162],"amount":[165,256],"DR":[167,170,178,204,218,233],"available,":[168],"since":[169],"relaxes":[171],"ramping":[173],"constraints":[174],"generation.":[176],"However,":[177,259],"actions":[179],"alter":[180],"internal":[182],"states":[183],"elastic":[185,194],"loads;":[186],"if":[187],"day-ahead":[189],"cannot":[191],"observe":[192],"how":[193],"affected":[197],"DR,":[199,266],"large":[201],"quantity":[202,226],"can":[205],"be":[206],"detrimental":[207],"leads":[209],"decrease":[212],"welfare.":[215,282],"Furthermore,":[216],"operator":[219],"has":[220,244],"incentive":[222],"under-dimension":[224],"available":[228],"Finally,":[230],"compare":[232],"actual":[236],"energy":[237],"storage":[238,243,260],"system.":[239],"find":[241],"faster":[246],"response-time":[247],"thus":[249],"performs":[250],"better":[251,281],"only":[253],"limited":[255],"installed.":[258],"suffers":[261],"charge-discharge":[263],"inefficiency:":[264],"do":[268,276],"concentrate":[269],"marginal":[271],"cost":[272],"(for":[273],"storage,":[274],"they":[275],"not)":[277],"provide":[279]},"counts_by_year":[{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-02-09T09:26:11.010843","created_date":"2025-10-10T00:00:00"}