Market Trading Model of Urban Energy Internet Based on Tripartite Game Theory

Bibliographic Details
Title: Market Trading Model of Urban Energy Internet Based on Tripartite Game Theory
Authors: Jun Liu, Jinchun Chen, Chao Wang, Zhang Chen, Xinglei Liu
Source: Energies, Vol 13, Iss 7, p 1834 (2020)
Publisher Information: MDPI AG, 2020.
Publication Year: 2020
Collection: LCC:Technology
Subject Terms: energy internet, cost-income model, market entities, Nash equilibria, tripartite game, Technology
More Details: As an important driving force to promote the energy revolution, the emergence of the energy internet has provided new ideas for the marketization and flexibility of multi-energy transactions. How to realize multi-energy joint trading is a key issue in the development of the energy market. An urban energy internet market trading model among energy suppliers, energy service providers and the large users in the urban area, based on tripartite game theory, is established in this paper. Considering the cost–income function of each market entity and the basic market trading mechanism, a new game-tree search method is proposed to solve the Nash equilibria for the game model. The Nash equilibria of the tripartite game can be obtained, and the market transaction status corresponding to the Nash equilibria is analyzed from the perspective of the market transactions. The multi-energy joint transaction and market equilibria can be easily implemented for the bids and offers of the multiple energy entities in the urban energy internet market.
Document Type: article
File Description: electronic resource
Language: English
ISSN: 1996-1073
Relation: https://www.mdpi.com/1996-1073/13/7/1834; https://doaj.org/toc/1996-1073
DOI: 10.3390/en13071834
Access URL: https://doaj.org/article/cc560e85b4014078b73e5c73598761c0
Accession Number: edsdoj.560e85b4014078b73e5c73598761c0
Database: Directory of Open Access Journals
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More Details
ISSN:19961073
DOI:10.3390/en13071834
Published in:Energies
Language:English