Research on the Dynamic Characteristics of Photovoltaic Power Production and Sales Based on Game Theory

Yanfang Hou and Hui Tian ()
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Yanfang Hou: School of Electrical and Electronic Engineering, Chongqing University of Technology, Chongqing 400054, China
Hui Tian: School of Automation, Chongqing University of Posts and Telecommunications, Chongqiong 400065, China

Sustainability, 2023, vol. 15, issue 19, 1-19

Abstract: This paper mainly studies the dynamic characteristics of production and sales of distributed photovoltaic power. This is beneficial for the construction and development of a green power system, and it promotes the sustainable development of the social economy. First, the production and sales laws of the photovoltaic power are analyzed, and the trade process between photovoltaic power producers (PVPs) and photovoltaic power demanders (PVDs) is modeled as a game. Different from the existing relevant literature, two kinds of payoff bimatrices are provided, which correspond to the PVD market and PVP market, respectively. Then, the dynamic characteristics of the model are revealed by using the semitensor product method. The results present a more reliable theoretical basis for the sustainable development of the green electricity market. Finally, through an illustrative example, it can be seen that the strategies of all participants are constantly changing to obtain more profits rather than stable at a traditional Nash equilibrium point. It is worth pointing out that the method and results are applicable to other distributed low-carbon energies, contributing to the development of sustainable energy systems.

Keywords: sustainable development; distributed photovoltaic power; game theory; semitensor product of matrices (STP); Nash equilibrium (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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