Abstract
Renewable energy Portfolio Standard (RPS) policy plays a significant role in reducing carbon dioxide emissions and promoting the development of renewable energy. Based on bounded rationality, this paper constructed an evolutionary game model to analyze energy power production decision-making, involving both fossil and renewable power producers as participants. Through the discussion of evolutionary game equilibrium, the study revealed the following findings: (1) marketised TGC price benefits the reduction of fossil energy power production: (2) Tire implementation of RPS policy does not necessarily lead to an increase in total renewable energy production; (3) Under RPS policy, the higher proportion of renewable energy quota is not always advantageous for reducing fossil energy power production.
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