Non-Cooperative Bidding Game Strategies of Power Generation Companies in the Electricity-Carbon Market Environment

Abstract

This research scrutinizes the non-cooperative bidding strategies of power generation firms within the integrated electricity and carbon market framework. It aims to furnish pivotal insights for market strategy formulation and underpin policy development toward a greener power sector. Key innovations include a non-cooperative game model elucidating the interplay and competitive conduct among power providers in dual markets, alongside an empirical analysis showcasing how strategic bidding influences economic and environmental outcomes. This study significantly contributes to understanding market dynamics in promoting sustainable and environmentally sound power systems.