Generators´ price strategy based on the multidimensional game theory

In the generation market, generators normally trade in spot and contract market simultaneously, so a reasonable and effective price strategy is of great significance. The strategy should impel the generator to strengthen management, increase their efficiency thereby reduce the cost of electricity generation and meanwhile, the maximization of profit should be considered. By the application of multidimensional game theory, this thesis analyzes the generators´ Game behavior in price strategy in both spot and contract market in power market.