Tian-Qiong Chen

Risk-Aware Clearing Model for Provincial Electricity Markets with Mean Field Game Simulation

Facing price volatility risks and multi-agent strategic interactions in two-level electricity markets, this paper proposes a bi-level decision framework integrating Conditional Value at Risk (CVaR) and Mean Field Game (MFG). The upper level minimizes purchasing costs and CVaR risk for inter-provincial traders, while th...