Research on Multi-person Bargaining Strategies of Green Certificate Bilateral Transaction

Green certificate transaction is an important market mechanism to improve the competitiveness of the renewable energy market, which contributes to the development of renewable energy, thereby promoting the green and low-carbon development of energy. Bilateral transaction is one of the main trading m...

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Bibliographic Details
Main Authors: Yuzhuo, Zhang, Peng, Wu, Baoguo, Shan, Xiandong, Tan, Molin, Huo
Format: Conference Proceeding
Language:English
Subjects:
Alliance game
Bilateral transaction
Games
Green certificate
Green products
Multi-person bargaining
Power system stability
Renewable energy sources
Stability analysis
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Summary:Green certificate transaction is an important market mechanism to improve the competitiveness of the renewable energy market, which contributes to the development of renewable energy, thereby promoting the green and low-carbon development of energy. Bilateral transaction is one of the main trading modes of green certificate, which helps to promote the consumption of renewable energy. Considering the diversity of transaction parties, this paper uses alliance game to study the cooperative multi-person bargaining strategies of green certificate bilateral transaction. Firstly, this paper proposes two kinds of green certificate bilateral transaction alliance mechanisms, which are "one-to-many" and "many-to-many". Secondly, this paper studies the multi-person bargaining strategies of green certificate bilateral transaction, and discusses the benefit distribution of alliance transaction. Finally, the paper analyzes the bargaining results of the two alliance mechanisms and verifies the rationality and fairness of the benefit distribution, which provides the basis and support for the bargaining strategy of green certificate bilateral transaction multi-player alliance. The results show that: The multi-person bargaining strategies of green certificate bilateral transaction are reasonable and fair based on the contribution of alliance members and considering the bargaining power of transaction subject, credit risk of transaction subject, and stability of renewable energy output, so as to ensure the stability of the alliance and the smooth progress of green certificate bilateral transaction.
ISSN:2642-6226
DOI:10.1109/POWERCON53785.2021.9697519