Integrated Intelligent Energy ›› 2023, Vol. 45 ›› Issue (11): 45-54.doi: 10.3969/j.issn.2097-0706.2023.11.006

• Electrical Economy and Trading • Previous Articles     Next Articles

Evolutionary game behavior and decision-making between power generation companies and power grid companies under the agent purchasing mechanism in bidding process

CHENG Lefeng1(), PENG Pan1(), CHEN Dongli2()   

  1. 1. School of Mechanical and Electrical Engineering, Guangzhou University, Guangzhou 510006, China
    2. Guangdong Shunfa Power Equipment Company Limited, Jieyang 515543,China
  • Received:2023-06-22 Revised:2023-07-07 Online:2023-11-25 Published:2023-12-06
  • Supported by:
    Natural Science Foundation of Guangdong Province(2022A1515010699);Collage-enterprise Collaborative Foundation for Basic Research Plan of Guangzhou(202201020187);College Innovation and Improvement Project of Department of Education of Guangdong Province(2020KQNCX054)

Abstract:

Based on the roles of power grid enterprises playing in the power market and the game between two power supply enterprises, a three-party evolutionary game model for heterogeneous enterprises and power grid in power purchasing mode is established under which the supply exceeds the demand. Since the information asymmetry of the sellers and purchasers,both sides follow compensation mechanisms to minimize their own risks and maximized their benefits. The game behaviors of the bidding in the electricity market are analyzed under two bidding mechanisms: market clearing price (MCP) and pay-as-bid (PAB). The research findings are as follows: Under MCP mechanism, the three-party game system takes two evolutionarily stable strategies (ESSs) for bidding immune to compensation. Changing the compensation coefficient only affects the path of convergences to different ESSs. Under PAB mechanism, adjusting the compensation coefficient leads to different ESSs, the price of electricity under the PAB mechanism is lower than that under the MCP mechanism under certain conditions.

Key words: evolutionary game theory, power market, bidding, agent electricity purchasing, homogeneity and heterogeneity, evolutionarily stable strategy, compensation mechanism

CLC Number: