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Mathematical Problems in Engineering
Volume 2016, Article ID 7508513, 9 pages
http://dx.doi.org/10.1155/2016/7508513
Research Article

Dynamic Game Analysis of Coal Electricity Market Involving Multi-Interests

1North China Electric Power University, Beijing 102206, China
2Sichuan Electric Power Corporation Power Economic Research Institute, Chengdu 610000, China

Received 7 April 2016; Accepted 8 August 2016

Academic Editor: Yan-Wu Wang

Copyright © 2016 Yu Xiaobao et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The coal consumption of China reached 2.75 billion tons of standard coal in 2013, which accounted for 67.5% of total energy consumption and more than 50% of global coal consumption. Therefore, the impact of coal price is huge on coal market and even energy market in China. As a large consumer of coal, thermal power enterprise has a strong sensitivity to coal price. In order to balance the rising cost of enterprises due to coal price, we need to analyze the interests of multiple stakeholders. Firstly, this paper combined the Nash equilibrium and cobweb model and proposed the characteristics in different cobweb model. Then, for coal, power, and energy companies, the dynamic game analysis model is constructed. This model gives a game analysis in four scenarios and quantifies the decision of each stakeholder in different coal prices. Finally, the impact figure of different coal prices on each stakeholder has been drawn. The impacts of different coal or thermal power prices on different markets have been put forward, so relevant policy recommendations have been proposed combined with the cobweb model.