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

Jun Liu, Jinchun Chen, Chao Wang, Zhang Chen and Xinglei Liu
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Jun Liu: Shaanxi Key Laboratory of Smart Grid, Xi’an Jiaotong University, Xi’an 710049, China
Jinchun Chen: Shaanxi Key Laboratory of Smart Grid, Xi’an Jiaotong University, Xi’an 710049, China
Chao Wang: Shaanxi Key Laboratory of Smart Grid, Xi’an Jiaotong University, Xi’an 710049, China
Zhang Chen: Shaanxi Key Laboratory of Smart Grid, Xi’an Jiaotong University, Xi’an 710049, China
Xinglei Liu: Shaanxi Key Laboratory of Smart Grid, Xi’an Jiaotong University, Xi’an 710049, China

Energies, 2020, vol. 13, issue 7, 1-24

Abstract: 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.

Keywords: energy internet; cost-income model; market entities; Nash equilibria; tripartite game (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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