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Stakeholder interaction in the digital transformation of China's electric power sector: An evolutionary game model

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  • Xu, Yan
  • Zhang, Xinyu
  • Wang, Kai

Abstract

This paper considers the government, electric power enterprises, and digital service providers as the primary stakeholders in the digital transformation of the electric power sector and constructs a game model to explore paths and strategies in the evolutionary process. The results show that the synergistic income between electric power enterprises and digital service providers significantly impacts whether the enterprises undergo digital transformation. The intensity of government subsidies and the severity of penalties influence the willingness to participate in the digital transformation and directly impact cooperative relationships. Cost is the fundamental reason for restricting the digital transformation of electric power enterprises.

Suggested Citation

  • Xu, Yan & Zhang, Xinyu & Wang, Kai, 2025. "Stakeholder interaction in the digital transformation of China's electric power sector: An evolutionary game model," Utilities Policy, Elsevier, vol. 94(C).
    • Handle: RePEc:eee:juipol:v:94:y:2025:i:c:s0957178725000177
    DOI: 10.1016/j.jup.2025.101902
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    1. Zhang, Miao & Dong, Xiaoni & Yin, Xiaoyan & Wang, Chonghong, 2025. "Research on the game of green finance driving corporate digital transformation under the carbon trading mechanism," Finance Research Letters, Elsevier, vol. 85(PE).

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