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Energies 2017, 10(12), 2025; doi:10.3390/en10122025

The Tripartite Game Model for Electricity Pricing in Consideration of the Power Quality

National Rail Transit Electrification and Automation Engineering Technology Research Center, School of Electrical Engineering, Southwest Jiaotong University, Chengdu 610031, China
State Key Laboratory of Security Control and Simulation of Power Systems and Large Scale Generation Equipment, Department of Electrical Engineering, Tsinghua University, Beijing 100084, China
Author to whom correspondence should be addressed.
Received: 23 September 2017 / Revised: 9 November 2017 / Accepted: 29 November 2017 / Published: 1 December 2017
(This article belongs to the Special Issue Energy Market Transitions)
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Under the Energy Internet concept the distribution and management of resources in the electricity market have been gradually transiting from a centralized pattern to a decentralized pattern. Correspondingly, the methodological model for the analysis of economic behaviors needs to be upgraded too. Based on the idea of non-cooperative game theory, this paper puts forward a tripartite game model for electricity pricing in consideration of the power quality, which is applicable to the electricity market under the Energy Internet with distributed generation, including the State Grid Corporation of China (SGCC), generating companies (GENCOs) and the marketers which correspond to the regional power-retailing companies. Then, the sequential quadratic programming based on the quasi-Newton method is given to solve the game model. Finally, four sets of tests with different game factors are carried out to verify the validity and feasibility of the proposed model and algorithm. The SGCC price, the cost and the number of GENCOs and the cross-regional environment are considered in each test, respectively. The results show that this model can adapt well to the various conditions. View Full-Text
Keywords: electricity market; power quality; the game theory; Nash equilibrium; the sequential quadratic programming electricity market; power quality; the game theory; Nash equilibrium; the sequential quadratic programming

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Zang, T.; Xiang, Y.; Yang, J. The Tripartite Game Model for Electricity Pricing in Consideration of the Power Quality. Energies 2017, 10, 2025.

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