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Chinese Journal of Management Science ›› 2025, Vol. 33 ›› Issue (9): 359-368.doi: 10.16381/j.cnki.issn1003-207x.2022-2669

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Renewable Energy Maintenance Strategies for Power Supply Chain Considering Extreme Weather

Wei Chen1,3, Yongle Tian2, Chunguang Bai1(), Yongkai Ma1   

  1. 1.School of Management and Economics,University of Electronic Science and Technology of China,Chengdu 610054,China
    2.Antai College of Economics and Management,Shanghai Jiao Tong University,Shanghai 200030,China
    3.College of Management Science,Chengdu University of Technology,Chengdu 610059,China
  • Received:2022-12-13 Revised:2024-01-10 Online:2025-09-25 Published:2025-09-29
  • Contact: Chunguang Bai E-mail:Cbai@uestc.edu.cn

Abstract:

Aiming at the influence of extreme weather on renewable energy maintenance, a two-level electricity supply chain composed of an electricity generator and an electricity retailer is constructed. Maintaining renewable energy by electricity generator will optimize the energy structure; Maintaining renewable energy by electricity retailer will increase electricity demand. The two models are compared, which are renewable energy maintenance by electricity generator and electricity retailer, and the boundaries of renewable energy maintenance are identified. The equilibrium model is solved by backward induction and the following conclusions are drawn. (1) With the increase in the maintenance cost coefficient of renewable energy or the probability of extreme weather, the demand for renewable energy decreases. (2) When the probability of extreme weather is small, electricity retailer is more motivated to maintain more renewable energy, while when the probability of extreme weather is large, electricity generator is more motivated to maintain more renewable energy. The main research contributions are as follows (1) Extreme weather is introduced into the electricity supply chain, based on the situation where there are electricity generator maintaining renewable energy and electricity retailer maintaining renewable energy in reality. It is identified that the boundaries of renewable energy maintenance will improve the efficiency of the power supply chain. (2) Few scholars have studied the issue of who will maintain renewable energy. Chen et al. (2020) studied the investment of upstream and downstream electricity supply chain investment of renewable energy. It is found that the probability of extreme weather occurring affects the selection strategy of electricity supply chain, which further enriches existing research on the electricity market.

Key words: extreme weather, electricity supply chain, renewable energy, game

CLC Number: