Work

Strategic energy management in multi-source microgrids: A Bertrand duopoly game algorithm model

Year: 2025

Type: article

Abstract: This paper presents an innovative energy management strategy for a grid-connected multi-source system, utilizing a Bertrand duopoly game model. This approach integrates a pricing mechanism and energy availability to govern the interactions between suppliers and the consumer. We propose a negotiation-based strategy that simulates these interactions, with all suppliers participating on equal terms by simultaneously setting their selling prices. In response, to the varying prices, the consumer selects the most favorable energy source. This strategy balances energy distribution, minimizing costs for the consumer while maximizing energy utilization for the suppliers. The performance and effectiveness of the proposed algorithm were validated through c extensive MATLAB/Simulink simulations. The results indicate that the model enhances operational efficiency and promotes sustainable energy management practices within hybrid energy systems. The integration of game theory allows for the optimization of interactions among stakeholders and addresses the complexities of decision-making in multi-source systems.

Source: Results in Engineering

DOI: 10.1016/j.rineng.2025.107765