Evolutionary game and simulation analysis of three parties of electricity market regulation under government participation mechanism.

The article focuses on analyzing a three-party evolutionary game model involving government regulators, power generation enterprises, and third-party testing organizations to improve regulatory efficiency and promote high-quality electricity production in China’s evolving power market. It examines how incentives, penalties, rent-seeking costs, and accountability mechanisms influence the strategic behaviors of these stakeholders, revealing that strict government regulation combined with appropriate incentives is crucial in early market stages, while penalties can be gradually reduced as the market matures. The study also proposes an evaluation indicator system for power producers based on power quality, energy utilization, and environmental impact, and uses numerical simulations to support policy recommendations aimed at fostering sustainable development and fair competition in the electricity sector. Limitations include reliance on estimated parameter values due to limited real market data, with plans for future refinement as data availability improves.