China's Electricity Retailers Gain Competitive Edge, Boosting Renewable Energy Adoption
In China's electricity market, retailers face challenges and opportunities in setting prices. A new study suggests a way for retailers to work together, called a cooperative game, to improve their competitiveness. The researchers created a model that simulates how different factors like costs and benefits influence retailers' decisions. By playing this game, retailers can make better choices in the market. This new approach could help make the electricity market more efficient and benefit both retailers and consumers.