The Research On Gencos' Bidding Strategy In Regional Electricity Market Based On Evolutionary Game Theory

Through analyzing of China's reformation practice of constituting regionalelectricity market, the thesis presented the concept and calculating methods of Gencos'hit probability function of bidding. After that we established a replicator dynamicsmodel, a finite-population discrete-time evolutionary game model and a best-responsedynamic model of Gencos' bidding strategies based on the evolutionary game theory.With consideration of the constant effects of stochastic factors, we also founded a seriesof relevant stochastically dynamic models. The cases told that, for the designer of themarket i.e. the government can perfect the competitive mechanism by adjusting themarket's bidding space and the bidding capacity of Gencos, while Gencos ought to makemore exact estimates on hit probability function of bidding in order to gain more profits.