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A game theory approach for the construction of a green and sustainable power grid

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TL;DR

This study employs three novel game-theoretic models to analyze government, supplier, and retailer interactions under policies like tax, subsidy, green initiatives, and R&D, demonstrating that stakeholder coalitions, energy price thresholds, and stable tax policies significantly enhance the development of a green, sustainable power grid in Canada.

Abstract
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The urgent need to combat climate change, reduce greenhouse gas emissions, and transition to renewable energy sources motivates government entities to implement regulations for power stakeholders, ensuring a greener and more affordable energy market in supply chains. Motivated by the demand to align energy supply systems with strategic government interventions, this study hypothesizes that targeted regulatory tools can effectively coordinate stakeholder behavior to accelerate green energy integration. In this regard, we examine the game-theoretic factors shaping the decisions of the government, suppliers, and retailers towards power grid implementation, emphasizing the government’s regulatory influence through four key policies: tax, subsidy, green, and research and development. Methodologically, three novel game models are introduced: a Nash game that encourages overall cooperation, the first non-cooperative game that supports a coalition between the government and suppliers against retailers, and the second non-cooperative game that promotes a coalition between the government and retailers against suppliers. Using a Canadian case study and sample data, we apply grey wolf optimization, artificial bee colony, and particle swarm optimization to estimate stakeholder equilibrium strategies towards power grid implementation. Results indicate that (1) first-game coalition; (2) minimum energy price thresholds; (3) integrated green energy planning; and (4) the stable tax policy contribute positively to the construction of a green and sustainable power grid in the region. The findings provide practical policy insights, guiding governments in the development of targeted fiscal instruments, promoting stakeholder collaboration, and ensuring regulatory frameworks are consistent with long-term energy transition objectives. • A green and sustainable power grid application is promoted under government policies. • Government considers four policies: tax, subsidy, green and R&D in the application. • Government adds green and social welfare contributions to the power grid application. • Three novel game models are proposed for stakeholder cooperation and coalition. • The application is implemented in a case study of a power supply chain in Canada.

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  • Cite Count Icon 6
  • 10.1007/978-3-642-32683-7_5
High-Performance Computing for Real-Time Grid Analysis and Operation
  • Jan 1, 2013
  • Zhenyu Huang + 2 more

Power system computation software tools are traditionally designed as serial codes and optimized for single-processor computers. They are becoming inadequate in terms of computational efficiency for the ever increasing complexity of the power grid. The power grid has served us remarkably well but is likely to see more changes over the next decade than it has seen over the past century. In particular, the widespread deployment of renewable generation, smart-grid controls, energy storage, plug-in hybrids, and other emerging technologies will require fundamental changes in the operational concepts and principal components of the grid. The grid is in an unprecedented transition that poses significant challenges in power grid operation. Central to this transition, power system computation needs to evolve accordingly to provide fast results for power grid management.On the other hand, power system computation should and has to take advantage of ubiquitous parallel computers. To bring HPC to power grid applications is not simply putting more computing units against the problem. It requires careful design and coding to match an application with computing hardware. Sometimes, alternative or new algorithms need to be used to maximize the benefit of HPC.This chapter demonstrates the benefits of HPC for power grid applications with several examples such as state estimation, contingency analysis, and dynamic simulation. These examples represent the major categories of power grid applications. Each of the applications has its own problem structure and data dependency requirements. The approach to apply HPC to these problems has different challenges. The HPC-enhanced state estimation, contingency analysis, and dynamic simulation presented in this chapter are suitable for today’s power grid operation.KeywordsPower SystemGraphic Processing UnitPower GridPacific Northwest National LaboratoryDynamic Load BalanceThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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