Simulation analysis of power spot market based on evolutionary game

Erdong Zhao, Hao Wang*, Hongyang Lin, Mingsong Chen

*Corresponding author for this work

Research output: Contribution to journalConference articlepeer-review

1 Citation (Scopus)

Abstract

As a new round of deepening reform in power system goes on in China, establishing an effective and complete power spot market nationwide based on the construction and operation of eight power spot trials becomes an important task for China. This paper analyzes the competitive strategies and capabilities of different types of power generation enterprises under the operating rules of the electricity spot market by building an evolutionary game model based on an improved genetic algorithm using MATLAB, which provides a valuable scientific basis for the construction and development of the future electricity spot market.

Original languageEnglish
Article number022069
JournalJournal of Physics: Conference Series
Volume1624
Issue number2
DOIs
Publication statusPublished - 6 Nov 2020
Externally publishedYes
Event2020 2nd International Conference on Computer Modeling, Simulation and Algorithm, CMSA 2020 - Beijing, China
Duration: 21 Jun 202022 Jun 2020

Keywords

  • Evolutionary game model
  • Improved genetic algorithm
  • Power generation enterprise
  • Spot electricity market

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