IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v211y2020ics0360544220317400.html
   My bibliography  Save this article

Orderly-synergistic development of power generation industry: A China’s case study based on evolutionary game model

Author

Listed:
  • Pingkuo, Liu
  • Huan, Peng
  • Zhiwei, Wang

Abstract

Different from the expectations of energy development in other industrialized countries, China is pursuing an orderly-synergistic energy transition. The necessity and effect of orderliness-synergy in the sustainable development of China’s power generation industry during the transition period is focused in this paper. The orderly-synergistic development process can be regarded as the game of interest balance for both the clean energy power generation enterprises and the thermal power generation ones. Hence evolutionary game method with six Assumptions, basic model and normative analysis is adopted. And then to explain the process more scientifically, the numerical simulation with scenario analysis is used to study two types of power generation enterprises. Three important conclusions are drawn: (1) when two types of power generation enterprises make the “same direction” decision at the same time, the population stability can be formed within the industry; (2) the revenues of both clean power generation enterprises and thermal power generation enterprises have shown a positive correlation with adopting active strategies; (3) when the power generation industry tends to the policy orientation, the orderly-synergistic benefits will be smaller, however, when the power generation industry tends to the market orientation, the orderly-synergistic benefits will be greater. And then some recommendations are put forward.

Suggested Citation

  • Pingkuo, Liu & Huan, Peng & Zhiwei, Wang, 2020. "Orderly-synergistic development of power generation industry: A China’s case study based on evolutionary game model," Energy, Elsevier, vol. 211(C).
    • Handle: RePEc:eee:energy:v:211:y:2020:i:c:s0360544220317400
    DOI: 10.1016/j.energy.2020.118632
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544220317400
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2020.118632?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bjørnebye, Henrik & Hagem, Cathrine & Lind, Arne, 2018. "Optimal location of renewable power," Energy, Elsevier, vol. 147(C), pages 1203-1215.
    2. Johari, Maryam & Hosseini-Motlagh, Seyyed-Mahdi & Rasti-Barzoki, Morteza, 2019. "An evolutionary game theoretic model for analyzing pricing strategy and socially concerned behavior of manufacturers," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 128(C), pages 506-525.
    3. Ahn, Joongha & Woo, JongRoul & Lee, Jongsu, 2015. "Optimal allocation of energy sources for sustainable development in South Korea: Focus on the electric power generation industry," Energy Policy, Elsevier, vol. 78(C), pages 78-90.
    4. Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(3), pages 243-243, December.
    5. Gulagi, Ashish & Ram, Manish & Solomon, A.A. & Khan, Musharof & Breyer, Christian, 2020. "Current energy policies and possible transition scenarios adopting renewable energy: A case study for Bangladesh," Renewable Energy, Elsevier, vol. 155(C), pages 899-920.
    6. repec:zbw:rwirep:0542 is not listed on IDEAS
    7. Dini, Anoosh & Pirouzi, Sasan & Norouzi, Mohammadali & Lehtonen, Matti, 2019. "Grid-connected energy hubs in the coordinated multi-energy management based on day-ahead market framework," Energy, Elsevier, vol. 188(C).
    8. Geels, Frank W. & Kern, Florian & Fuchs, Gerhard & Hinderer, Nele & Kungl, Gregor & Mylan, Josephine & Neukirch, Mario & Wassermann, Sandra, 2016. "The enactment of socio-technical transition pathways: A reformulated typology and a comparative multi-level analysis of the German and UK low-carbon electricity transitions (1990–2014)," Research Policy, Elsevier, vol. 45(4), pages 896-913.
    9. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215, April.
    10. Anonymous, 2013. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 8(2), pages 129-130, November.
    11. Manuel Frondel & Stephan Sommer & Colin Vance, 2015. "The burden of Germanyùs energy transition: An empirical analysis of distributional effects," Economic Analysis and Policy, Elsevier, vol. 45(c), pages 89-99.
    12. Willenbockel, Dirk, 2017. "Macroeconomic Effects of a Low-Carbon Electricity Transition in Kenya and Ghana: An Exploratory Dynamic General Equilibrium Analysis," MPRA Paper 78070, University Library of Munich, Germany.
    13. Helgesen, Per Ivar & Tomasgard, Asgeir, 2018. "An equilibrium market power model for power markets and tradable green certificates, including Kirchhoff's Laws and Nash-Cournot competition," Energy Economics, Elsevier, vol. 70(C), pages 270-288.
    14. Khaloie, Hooman & Abdollahi, Amir & Shafie-khah, Miadreza & Anvari-Moghaddam, Amjad & Nojavan, Sayyad & Siano, Pierluigi & Catalão, João P.S., 2020. "Coordinated wind-thermal-energy storage offering strategy in energy and spinning reserve markets using a multi-stage model," Applied Energy, Elsevier, vol. 259(C).
    15. Hoggett, Richard, 2014. "Technology scale and supply chains in a secure, affordable and low carbon energy transition," Applied Energy, Elsevier, vol. 123(C), pages 296-306.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuly V. Garcia & Oscar Garzon & Carlos J. Delgado & Jan L. Diaz & Cesar A. Vega Penagos & Fabio Andrade & Adriana C. Luna & J. C. Hernandez, 2023. "Overview on Transactive Energy—Advantages and Challenges for Weak Power Grids," Energies, MDPI, vol. 16(12), pages 1-19, June.
    2. Liu, Jicheng & Sun, Jiakang & Yuan, Hanying & Su, Yihan & Feng, Shuxian & Lu, Chaoran, 2022. "Behavior analysis of photovoltaic-storage-use value chain game evolution in blockchain environment," Energy, Elsevier, vol. 260(C).
    3. Yang, Peiwen & Dong, Jun & Lin, Jin & Liu, Yao & Fang, Debin, 2021. "Analysis of offering behavior of generation-side integrated energy aggregator in electricity market:A Bayesian evolutionary approach," Energy, Elsevier, vol. 228(C).
    4. Yang, Weixin & Yang, Yunpeng & Chen, Hongmin, 2022. "How to stimulate Chinese energy companies to comply with emission regulations? Evidence from four-party evolutionary game analysis," Energy, Elsevier, vol. 258(C).
    5. Wang, Yadong & Mao, Jinqi & Chen, Fan & Wang, Delu, 2022. "Uncovering the dynamics and uncertainties of substituting coal power with renewable energy resources," Renewable Energy, Elsevier, vol. 193(C), pages 669-686.
    6. Fushuai Wang & Wenxia Cai & Ehsan Elahi, 2021. "Do Green Finance and Environmental Regulation Play a Crucial Role in the Reduction of CO 2 Emissions? An Empirical Analysis of 126 Chinese Cities," Sustainability, MDPI, vol. 13(23), pages 1-20, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Londoño-Pulgarin, Diana & Cardona-Montoya, Giovanny & Restrepo, Juan C. & Muñoz-Leiva, Francisco, 2021. "Fossil or bioenergy? Global fuel market trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).
    2. Johan Miörner & Jonas Heiberg & Christian Binz, 2021. "Global regime diffusion in space: a missed transition in San Diego’s water sector," GEIST - Geography of Innovation and Sustainability Transitions 2021(08), GEIST Working Paper Series.
    3. Li, Kai & Tan, Xiujie & Yan, Yaxue & Jiang, Dalin & Qi, Shaozhou, 2022. "Directing energy transition toward decarbonization: The China story," Energy, Elsevier, vol. 261(PA).
    4. Ranjana Raghunathan, 2022. "Everyday Intimacies and Inter-Ethnic Relationships: Tracing Entanglements of Gender and Race in Multicultural Singapore," Sociological Research Online, , vol. 27(1), pages 77-94, March.
    5. Balint, T. & Lamperti, F. & Mandel, A. & Napoletano, M. & Roventini, A. & Sapio, A., 2017. "Complexity and the Economics of Climate Change: A Survey and a Look Forward," Ecological Economics, Elsevier, vol. 138(C), pages 252-265.
    6. Lamperti, Francesco & Bosetti, Valentina & Roventini, Andrea & Tavoni, Massimo & Treibich, Tania, 2021. "Three green financial policies to address climate risks," Journal of Financial Stability, Elsevier, vol. 54(C).
    7. Songsore, Emmanuel & Buzzelli, Michael, 2014. "Social responses to wind energy development in Ontario: The influence of health risk perceptions and associated concerns," Energy Policy, Elsevier, vol. 69(C), pages 285-296.
    8. Tapsuwan, Sorada & Polyakov, Maksym & Bark, Rosalind & Nolan, Martin, 2015. "Valuing the Barmah–Millewa Forest and in stream river flows: A spatial heteroskedasticity and autocorrelation consistent (SHAC) approach," Ecological Economics, Elsevier, vol. 110(C), pages 98-105.
    9. Omar Al-Ubaydli & John List & Claire Mackevicius & Min Sok Lee & Dana Suskind, 2019. "How Can Experiments Play a Greater Role in Public Policy? 12 Proposals from an Economic Model of Scaling," Artefactual Field Experiments 00679, The Field Experiments Website.
    10. Nepomuceno, Marcelo Vinhal & Laroche, Michel, 2015. "The impact of materialism and anti-consumption lifestyles on personal debt and account balances," Journal of Business Research, Elsevier, vol. 68(3), pages 654-664.
    11. Bertschek, Irene & Kesler, Reinhold, 2022. "Let the user speak: Is feedback on Facebook a source of firms’ innovation?," Information Economics and Policy, Elsevier, vol. 60(C).
    12. Avelino, Flor & Wittmayer, Julia M. & Pel, Bonno & Weaver, Paul & Dumitru, Adina & Haxeltine, Alex & Kemp, René & Jørgensen, Michael S. & Bauler, Tom & Ruijsink, Saskia & O'Riordan, Tim, 2019. "Transformative social innovation and (dis)empowerment," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 195-206.
    13. Gigi Foster, 2020. "The behavioural economics of government responses to COVID-19," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 4(S3), pages 11-43, December.
    14. Audoly, Richard & Vogt-Schilb, Adrien & Guivarch, Céline & Pfeiffer, Alexander, 2018. "Pathways toward zero-carbon electricity required for climate stabilization," Applied Energy, Elsevier, vol. 225(C), pages 884-901.
    15. Gerards, Ruud & Welters, Ricardo, 2016. "Impact of financial pressure on unemployed job search, job find success and job quality," ROA Research Memorandum 008, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    16. Cairns, George & Wright, George & Fairbrother, Peter, 2016. "Promoting articulated action from diverse stakeholders in response to public policy scenarios: A case analysis of the use of ‘scenario improvisation’ method," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 97-108.
    17. Vasile-Daniel Păvăloaia & Elena-Mădălina Teodor & Doina Fotache & Magdalena Danileţ, 2019. "Opinion Mining on Social Media Data: Sentiment Analysis of User Preferences," Sustainability, MDPI, vol. 11(16), pages 1-21, August.
    18. Cailong Xu & Ruidong Li & Wenwen Song & Tingting Wu & Shi Sun & Shuixiu Hu & Tianfu Han & Cunxiang Wu, 2021. "Responses of Branch Number and Yield Component of Soybean Cultivars Tested in Different Planting Densities," Agriculture, MDPI, vol. 11(1), pages 1-12, January.
    19. Romaniuk, Jenni & Nenycz-Thiel, Magda, 2016. "Lapsed buyers' durable brand consideration in emerging markets," Journal of Business Research, Elsevier, vol. 69(9), pages 3645-3651.
    20. Caitlin Robinson & Stefan Bouzarovski & Sarah Lindley, 2018. "Underrepresenting neighbourhood vulnerabilities? The measurement of fuel poverty in England," Environment and Planning A, , vol. 50(5), pages 1109-1127, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:211:y:2020:i:c:s0360544220317400. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.