Evolutionary Game Analysis of Cooperation between Microgrid and Conventional Grid

Chengrong Pan and Yong Long

Mathematical Problems in Engineering, 2015, vol. 2015, 1-10

Abstract:

This paper employs the evolutionary game theory to analyze the cooperation between microgrid and conventional grid, with the discussion focusing on the factors that influence the game players’ selection of strategies, and additionally makes a numerical simulation analysis. The results of analysis based on the evolutionary game model suggest that the two parties’ undertaking of cooperative strategies and uncooperative strategies during the game is the stable point of their evolution and that the probability of their unanimous choice of cooperative strategies positively correlates with the direct benefits and indirect benefits of their cooperation as well as the government subsidies but negatively correlates with the cooperation costs and spending on cooperation risks. Based on the findings, the paper puts forward a series of policy suggestions aiming to deepen the cooperation between microgrid and conventional grid.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:103206

DOI: 10.1155/2015/103206

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