E3S Web Conf.
Volume 194, 20202020 5th International Conference on Advances in Energy and Environment Research (ICAEER 2020)
|Number of page(s)||6|
|Section||Power Engineering and Power Generation Technology|
|Published online||15 October 2020|
Two-population Asymmetric Evolutionary Game Dynamics-based Decision-making Behavior Analysis for A Supply-side Electric Power Bidding Market
1 Power Dispatching Control Center of Guangdong Power Grid Co., Ltd., Guangzhou 510600, Guangdong, China
2 School of Electric Power, South China University of Technology, Guangzhou 510641, Guangdong, China
* Corresponding author: email@example.com
This paper systematically discusses two-population asymmetric evolutionary games (2PAEGs) from the perspective of decision-making behavior characteristics, and applies these game models to a two-population supply-side electric power bidding market. First, a 2PAEG model is established. Then, complete evolutionary equilibrium rules of this model are revealed during decision-making processes. Discussion shows that final evolutionary game equilibria achieved in the 2PAEG model are only determined by some payoff parameters, which are defined as relative net payoff (RNP) parameters in this paper. Finally, a case study of supply-side bidding simulation for two generator populations is conducted, which can effectively verify the universality and effectiveness of the evolutionary dynamics results obtained in the established general 2PAEG model. Moreover, it shows that reasonable policies made by the government can guide more appropriate power bidding for onto-grid electricity.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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