An Overview of the Application of Game Theory in the Coupled Green Power-green Certificate-CCER Market

The decision-making process in the green power-green certificate-CCER coupled market is subject to constraints and influences from a multitude of factors. Game theory, which studies the interactions of decision-making subjects and their equilibrium state, has been applied to a certain extent in the current transaction with the electricity spot market as the main body. Therefore, this paper provides an overview of the current state of game theory applications in the coupled green power - green certificate - CCER market. The game behavior in the coupled market is initially classified. Subsequently, the game strategies of generators and sellers under cooperative and non-cooperative relationships, the strategy choices of sellers and users based on the Stackelberg game, as well as the non-cooperative, cooperative and evolutionary game behaviors among generators and sellers are analyzed.