Research on decision-making behavior of multi-agent alliance in cross-border electricity market environment: an evolutionary game

Constructing a cross-border power energy system with multiagent power energy as an alliance is important for studying cross-border power-trading markets. This study considers multiple neighboring countries in the form of alliances, introduces neighboring countries’ exchange rates into the cross-border multi-agent power-trading market and proposes a method to study each agent’s dynamic decision-making behavior based on evolutionary game theory. To this end, this study uses three national agents as examples, constructs a tripartite evolutionary game model, and analyzes the evolution process of the decision-making behavior of each agent member state under the initial willingness value, cost of payment, and additional revenue of the alliance. This research helps realize cross-border energy operations so that the transaction agent can achieve greater trade profits and provides a theoretical basis for cooperation and stability between multiple agents.

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Publication Details

Journal
Global Energy Interconnection
Published
2024-12-01
DOI
https://doi.org/10.1016/j.gloei.2024.11.009
Citations
2
Primary Topic
Electric Power System Optimization
Type
article
Field-Weighted Citation Impact
0.42

Funders

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article

Research on decision-making behavior of multi-agent alliance in cross-border electricity market environment: an evolutionary game

Hai Wang, Zhao Luo, Chenming Dong, Xin Shen et al.
2 citations
Global Energy Interconnection
Electric Power System Optimization
0.42
article

Research on decision-making behavior of multi-agent alliance in cross-border electricity market environment: an evolutionary game

Hai Wang, Zhao Luo, Chenming Dong, Xin Shen, Xinrui Dai, Guihong Bi
article en
2 citations

Abstract

Constructing a cross-border power energy system with multiagent power energy as an alliance is important for studying cross-border power-trading markets. This study considers multiple neighboring countries in the form of alliances, introduces neighboring countries’ exchange rates into the cross-border multi-agent power-trading market and proposes a method to study each agent’s dynamic decision-making behavior based on evolutionary game theory. To this end, this study uses three national agents as examples, constructs a tripartite evolutionary game model, and analyzes the evolution process of the decision-making behavior of each agent member state under the initial willingness value, cost of payment, and additional revenue of the alliance. This research helps realize cross-border energy operations so that the transaction agent can achieve greater trade profits and provides a theoretical basis for cooperation and stability between multiple agents.

Global Energy InterconnectionVol. 7(6)
Kunming University of Science and Technology (CN), China Southern Power Grid (China) (CN), Power Grid Corporation (India) (IN)
National Natural Science Foundation of China, Ministry of Science and Technology of the People's Republic of China, Yunnan Provincial Science and Technology Department
Peace, Justice and strong institutions
Openalex Percentile: Top 36%
Electric Power System Optimization
0.42
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