Optimizing Electricity Markets Through Game-Theoretical Methods: Strategic and Policy Implications for Power Purchasing and Generation Enterprises
Mathematics,
Journal Year:
2025,
Volume and Issue:
13(3), P. 373 - 373
Published: Jan. 23, 2025
This
review
proposes
a
novel
integration
of
game-theoretical
methods—specifically
Evolutionary
Game
Theory
(EGT),
Stackelberg
games,
and
Bayesian
games—with
deep
reinforcement
learning
(DRL)
to
optimize
electricity
markets.
Our
approach
uniquely
addresses
the
dynamic
interactions
among
power
purchasing
generation
enterprises,
highlighting
both
theoretical
underpinnings
practical
applications.
We
demonstrate
how
this
integrated
framework
enhances
market
resilience,
informs
evidence-based
policy-making,
supports
renewable
energy
expansion.
By
explicitly
connecting
our
findings
regulatory
strategies
real-world
scenarios,
we
underscore
political
implications
applicability
results
in
diverse
global
systems.
integrating
EGT
with
advanced
methodologies
such
as
DRL,
study
develops
comprehensive
that
nature
markets
strategic
adaptability
participants.
hybrid
allows
for
simulation
complex
capturing
nuanced
decision-making
processes
enterprises
under
varying
conditions
uncertainty
competition.
The
systematically
evaluates
effectiveness
cost-efficiency
various
control
policies
implemented
within
markets,
including
pricing
mechanisms,
capacity
incentives,
measures
aimed
at
enhancing
competition
transparency.
analysis
underscores
potential
significantly
enhance
enabling
better
withstand
shocks
sudden
demand
fluctuations,
supply
disruptions,
changes.
Moreover,
DRL
facilitates
promotion
sustainable
by
modeling
adoption
technologies
optimizing
resource
allocation.
leads
improved
overall
performance,
characterized
increased
efficiency,
reduced
costs,
greater
sustainability.
contribute
development
robust
frameworks
support
competitive
efficient
an
evolving
landscape.
leveraging
adaptive
capabilities
policymakers
can
design
regulations
not
only
address
current
challenges
but
also
anticipate
adapt
future
developments.
proactive
is
essential
fostering
resilient
infrastructure
capable
accommodating
rapid
advancements
shifting
consumer
demands.
Additionally,
identifies
key
areas
research,
exploration
multi-agent
techniques
need
empirical
studies
validate
models
simulations
discussed.
provides
roadmap
through
policy-driven
interventions,
bridging
gap
between
game-theoretic
Language: Английский
A new fuzzy model of multi-criteria decision support based on Bayesian networks for the urban areas' decarbonization planning
Energy Conversion and Management,
Journal Year:
2022,
Volume and Issue:
268, P. 116035 - 116035
Published: July 25, 2022
The
study
introduces
a
framework
for
forecasting
and
decision-making
in
multi-criteria
processes
proposes
their
application
the
decarbonization
of
urban
areas.
Optimizing
process
is
an
integrated
set
information-processing-decision
activities
which
actual
data,
expert
knowledge
using
fuzzy
inference
rules,
Geographic
Information
System,
Bayesian
networks
are
combined.
Using
proposed
tools
leads
to
designing
new
approach
improving
energy
efficiency
cities
reducing
CO2
emissions
renewable
energy.
integration
modern
computational
methods
rational
planning
environmentally
friendly
energy-conscious
smart
by
provisions
Fit
55
packages.
effectiveness
has
been
demonstrated
example
three
scenarios
considering
different
types
sources
that
can
be
implemented
success
probability
decarbonizing
these
areas
was
calculated
defined
quarters
city
Zielona
Góra
with
parameters.
Thereby
usefulness
method
confirmed.
Significantly,
likelihood
successful
deployment
photovoltaics
(PV)
estimated
at
55.25%
heat
pumps
28.79%.
enables
clear
interpretation
results,
may
basis
planning.
Language: Английский
Spatial Modeling of Flood-Vulnerability as Basic Data for Flood Mitigation
Civil Engineering Journal,
Journal Year:
2023,
Volume and Issue:
9(4), P. 787 - 798
Published: April 1, 2023
Identifying
risks
in
flood-prone
areas
is
necessary
to
support
risk
management
decisions.
This
research
was
conducted
establish
a
vulnerability
model
of
flood
hazards
the
city
Pontianak.
The
based
on
scoring
and
weighting
biophysical
factors.
AHP
method
logical
formulations
were
used
model.
result
showed
that
accuracy
by
determine
floods
80%
Pontianak
City.
using
level
84%.
Kappa
value
1
76.7%.
explains
most
City
has
very
high
vulnerability,
which
31,440,568.8
m2
or
29.11%
total
area
108,003,319.8
m2.
vulnerable
29,945,485.7
27.73%,
less
safe
22,126,936.3
20.49%,
with
being
24,490,328.7
m2or
22.67%
area.
contributes
government
policies
regarding
urban
development
future,
as
an
effort
mitigate
against
flooding.
Doi:
10.28991/CEJ-2023-09-04-02
Full
Text:
PDF
Language: Английский
Global policy stocktake of urban climate resilience: A literature review
Resources Conservation and Recycling,
Journal Year:
2024,
Volume and Issue:
212, P. 107923 - 107923
Published: Sept. 21, 2024
Language: Английский
Smart Hotspot Detection Using Geospatial Artificial Intelligence: A Machine Learning Approach to Reduce Flood Risk
Seyed M. H. S. Rezvani,
No information about this author
Alexandre Gonçalves,
No information about this author
Maria João Falcão Silva
No information about this author
et al.
Sustainable Cities and Society,
Journal Year:
2024,
Volume and Issue:
115, P. 105873 - 105873
Published: Oct. 2, 2024
Language: Английский
High-resolution, open-source modeling of inland flooding impacts on the North Carolina bulk electric power grid
Environmental Research Energy,
Journal Year:
2024,
Volume and Issue:
1(1), P. 015005 - 015005
Published: March 1, 2024
Abstract
Although
damages
to
local
distribution
systems
from
wind
and
fallen
trees
are
typically
responsible
for
the
largest
fraction
of
electricity
outages
during
hurricanes,
caused
by
flooding
electrical
substations
pose
a
unique
risk.
Electrical
key
component
electric
power
systems,
in
some
areas,
loss
single
substation
can
cause
widespread
outages.
Before
repairing
damaged
substations,
utilities
must
first
allow
floodwaters
recede,
potentially
leaving
customers
without
weeks
following
storms.
As
economic
losses
continue
increase
U.S.,
there
has
been
increasing
attention
paid
potential
impacts
on
systems.
Yet,
this
mostly
limited
geospatial
risk
assessments
that
identify
what
assets
path
flooding.
Here,
we
present
major
attempt
understand
how
hurricanes
other
extreme
precipitation
events
affects
dynamic
behavior
networks,
including
demand
generation,
altered
flows
through
transmission
lines.
We
use
North
Carolina,
hit
three
past
seven
years,
as
test
case.
Using
open-source
data
grid
infrastructure,
develop
high-resolution
direct
current
optimal
flow
model
simulates
production
generators
network
consisting
662
nodes
790
then
simulate
operations
historical
(2018)
storm
Hurricane
Florence.
Time
series
depth
at
discrete
set
‘high
water’
mark
points
used
spatially
interpolate
across
footprint
area
storms
an
hourly
basis.
Outages
solar
farms
due
translated
location-specific
throughout
network.
perform
sensitivity
analysis
explore
function
height
sensitive
equipment
substations.
Results
shed
light
localized
have
wider
(including
areas
not
affected
flooding),
with
performance
tracked
terms
line
flows/congestion,
generation
outputs,
customer
Language: Английский
Power Distribution Systems’ Vulnerability by Regions Caused by Electrical Discharges
Energies,
Journal Year:
2023,
Volume and Issue:
16(23), P. 7790 - 7790
Published: Nov. 27, 2023
Energy
supply
interruptions
or
blackouts
caused
by
faults
in
power
distribution
feeders
entail
several
damages
to
utilities
and
consumer
units:
financial
losses,
damage
reliability,
quality
deterioration,
etc.
Most
studies
the
specialized
literature
concerning
systems
present
methodologies
for
detecting,
classifying,
locating
after
their
occurrence.
In
contrast,
main
aim
of
this
study
is
prevent
estimating
city
regions
whose
grid
most
vulnerable
them.
sense,
work
incorporates
a
geographical-space
via
spatial
data
analysis
using
local
variable
electrical
discharge
density
that
can
increase
fault
risks.
A
geographically
weighted
applied
aggregated
produce
thematic
maps
with
are
more
failures.
The
implemented
QGIS
R
programming
environments.
It
real
transformers
discharges
medium-sized
approximately
200,000
inhabitants.
study,
we
highlight
moderate
positive
correlation
between
percentage
central
western
areas
under
study.
Language: Английский
Electricity sector resilience in response to extreme weather and climate-related events: Tools and datasets
The Electricity Journal,
Journal Year:
2023,
Volume and Issue:
36(6), P. 107290 - 107290
Published: June 27, 2023
The
significant
increase
in
both
the
severity
and
frequency
of
climatological
catastrophes
draws
attention
to
necessity
for
a
more
climate-resilient
electricity
sector.
In
recent
years,
several
databases
platforms
have
been
developed
assess
resilience
sector
response
extreme
weather
climate-related
events.
This
study
conducts
comprehensive
review
used
assessing
climate
It
discusses
existing
gaps
challenges
these
datasets
proposes
future
path.
Language: Английский
Risk and Resiliency Assessments of Renewable Dominated Edge of Grid Under High-Impact Low-Probability Events -A Review
2022 IEEE Global Conference on Computing, Power and Communication Technologies (GlobConPT),
Journal Year:
2022,
Volume and Issue:
320, P. 1 - 6
Published: Sept. 23, 2022
Low-probability
high-impact
(HILP)
events
such
as
windstorms,
earthquakes,
wildfires,
and
floods,
which
can
cause
significant
damages
to
power
systems,
are
inevitable
unpredictable.
Besides,
uncertainties
from
distributed
renewable
energy
resources
may
prevent
conventional
techniques
improve
reliability
of
grids.
In
previous
research
works,
several
strategies
have
been
introduced
investigate
risk
resiliency,
find
effective
solutions
system
under
extreme
events.
this
paper,
a
critical
review
these
is
presented.
Modelings
the
HILP
dis-cussed.
conclusion,
paper
pinpoints
findings
give
directions
for
robustly
protecting
systems.
Language: Английский
Using spatial elimination and ranking methods in the renewable energy investment parcel search process
Energy,
Journal Year:
2023,
Volume and Issue:
285, P. 129517 - 129517
Published: Oct. 30, 2023
The
study
presents
a
framework
for
an
elimination
algorithm
aimed
at
determining
potential
investment
locations
photovoltaic
farms
in
three
separate
counties
located
northeastern
Poland.
research
focuses
on
identifying
environmental
and
economic
criteria
solar
farm
locations,
establishing
boundary
values,
discussing
the
outcomes
of
multi-criteria
decision
support
using
Boolean
method
Borda
ranking
methods.
Through
amalgamation
decision-making
model,
ten
different
location
variants
were
derived,
ranging
from
best
(Variant
1)
to
worst
10),
out
total
1024
variants.
results
highlight
five
critical
that
persisted
after
algorithm:
distance
medium
voltage
lines,
roads,
parcel
shape,
average
width,
slope.
analysis
revealed
analysed
have
between
150
1336
optimal
(depending
area)
satisfy
all
specified
conditions.
This
method,
which
enables
swift
reproducible
identification
suitable
areas
construction,
can
be
applied
various
European
regions.
Language: Английский