Volume 9 Issue 2 ( June 2022 )

With the rapid prosperity of the global economy and industry, as the energy demand, many factors influence power- producing sectors, including government incentives, customer demand, production cost, eco-friendly, and investors investment. To analyze the cost-benefit-subsidy in power generator system under the evolutionary game setting, we considered two asymmetric game structures by coupling the photovoltaic (PV) power system and coal-fired (CF) power system. To model the asymmetric games for PV and CF, Game-1 considers respective cost and benefit, whereas, Game-2 deliberates cost, benefit, and government subsidy. We present both analytical and numerical approaches within this framework.

Keywords: Evolutionary game theory; power generator system; Government subsidy.