LAPSE:2023.30828
Published Article
LAPSE:2023.30828
Optimal Allocation Scheme of Renewable Energy Consumption Responsibility Weight under Renewable Portfolio Standards: An Integrated Evolutionary Game and Stochastic Optimization Approach
Yang Tang, Yifeng Liu, Weiqiang Huo, Meng Chen, Shilong Ye, Lei Cheng
April 17, 2023
Developing renewable energy has become a major strategy for China to accelerate the energy transition and combat climate change. Accordingly, a guarantee mechanism for renewable energy consumption with renewable portfolio standards (RPS) has been set in China. However, currently, the top-down allocation of regional renewable energy consumption targets often has issues of unfairness and inefficiency. It is necessary to investigate the issue of how to stimulate the renewable energy consumption potential on the demand side and reasonably formulate the consumption responsibility weights of various market entities. This paper aimed to develop a new methodology for the weight allocation of renewable energy consumption responsibilities. In doing so, an integrated model of an evolutionary game and stochastic optimization was constructed between market entities and governments. Then, the equilibrium strategies of market entities and governments were obtained through the evolutionary game. Furthermore, based on the equilibrium strategies, this paper optimized the renewable energy consumption weight of each market entity, which constitutes the optimal allocation scheme of renewable energy consumption responsibility weights. Finally, using the data of 7069 market entities in Hubei Province in 2021, this study simulated the model to verify its effectiveness and practicability. The results indicate that the willingness of market entities to assume more consumption responsibility is positively correlated with the government’s incentives and the maturity of the green electricity trading market. This study provides important implications for optimizing government regulations and promoting renewable energy consumption.
Keywords
consumption responsibilities allocation, evolutionary game, government incentives, Renewable and Sustainable Energy, renewable portfolio standards, Stochastic Optimization
Suggested Citation
Tang Y, Liu Y, Huo W, Chen M, Ye S, Cheng L. Optimal Allocation Scheme of Renewable Energy Consumption Responsibility Weight under Renewable Portfolio Standards: An Integrated Evolutionary Game and Stochastic Optimization Approach. (2023). LAPSE:2023.30828
Author Affiliations
Tang Y: Hubei Power Exchange Center, Wuhan 430072, China
Liu Y: Hubei Power Exchange Center, Wuhan 430072, China
Huo W: Hubei Power Exchange Center, Wuhan 430072, China
Chen M: Hubei Power Exchange Center, Wuhan 430072, China
Ye S: College of Letter and Science, University of California Davis, Davis, CA 95618, USA
Cheng L: School of Economics and Management, Wuhan University, Wuhan 430072, China
Journal Name
Energies
Volume
16
Issue
7
First Page
3085
Year
2023
Publication Date
2023-03-28
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16073085, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.30828
This Record
External Link

doi:10.3390/en16073085
Publisher Version
Download
Files
[Download 1v1.pdf] (3.3 MB)
Apr 17, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
105
Version History
[v1] (Original Submission)
Apr 17, 2023
 
Verified by curator on
Apr 17, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.30828
 
Original Submitter
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version