How dynamic renewable portfolio standards affect trading behavior of power generators? Considering green certificate and reward/penalty mechanism

• Published in: Applied energy Vol. 375; p. 124114
• Main Authors: Hu, Fanshuai, Zhou, Dequn, Zhu, Qingyuan, Wang, Qunwei
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.12.2024
• Subjects: Evolutionary game; Renewable portfolio standards; Reward/penalty mechanism; System dynamics; Tradable green certificate; Evolutionary game; Tradable green certificate; Reward/penalty mechanism; System dynamics; Renewable portfolio standards

As the subsidy gap widens, China has announced that the renewable portfolio standards (RPS) will replace feed-in-tariff (FIT) as the primary policy for renewable energy. In order to resolve the conflicts of interest among electricity market entities during the policy evolution process, this paper co...