Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method
Introducing carbon trading is an essential way to decarbonize the power system. Many existing studies mainly consider source-side unilateral carbon trading (UCT). However, there are still rare studies considering source-load bilateral carbon trading (BCT). The effect of source-load BCT on system-wid...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-07-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/15/15/5359 |
| _version_ | 1797432918159654912 |
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| author | Junpei Nan Jieran Feng Xu Deng Chao Wang Ke Sun Hao Zhou |
| author_facet | Junpei Nan Jieran Feng Xu Deng Chao Wang Ke Sun Hao Zhou |
| author_sort | Junpei Nan |
| collection | DOAJ |
| description | Introducing carbon trading is an essential way to decarbonize the power system. Many existing studies mainly consider source-side unilateral carbon trading (UCT). However, there are still rare studies considering source-load bilateral carbon trading (BCT). The effect of source-load BCT on system-wide carbon mitigation is worth studying. To fill this research gap, a hierarchical low-carbon economic-dispatch model with source-load BCT based on the Aumann–Shapley method was proposed. In the first layer, economic-dispatch was conducted to minimize the power-generation costs and source-side carbon-trading costs. Then, based on the carbon-emission flow (CEF) theory, the actual load carbon emissions can be obtained and passed to the second layer. At the second layer, the demand-response optimization was performed to minimize the load-side carbon-trading costs. Finally, the proposed model was tested on the modified New England 39-bus and IEEE 118-bus systems using the MATLAB/YALMIP platform with the Gurobi solver. The results indicate that the proposed model can effectively facilitate peak-load shifting, wind-power consumption, and carbon mitigation. Furthermore, compared with the models only considering source-side or load-side UCT, the proposed source-load BCT model has obvious advantages in carbon mitigation. |
| first_indexed | 2024-03-09T10:08:41Z |
| format | Article |
| id | doaj.art-84cabea1861a436292201ccf8732cbf3 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T10:08:41Z |
| publishDate | 2022-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-84cabea1861a436292201ccf8732cbf32023-12-01T22:54:27ZengMDPI AGEnergies1996-10732022-07-011515535910.3390/en15155359Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley MethodJunpei Nan0Jieran Feng1Xu Deng2Chao Wang3Ke Sun4Hao Zhou5College of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaCollege of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaSchool of Electric Power Engineering, South China University of Technology, Guangzhou 510641, ChinaShaoxing Power Supply Company, State Grid Zhejiang Electric Power Co., Ltd., Shaoxing 312000, ChinaState Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310063, ChinaCollege of Electrical Engineering, Zhejiang University, Hangzhou 310027, ChinaIntroducing carbon trading is an essential way to decarbonize the power system. Many existing studies mainly consider source-side unilateral carbon trading (UCT). However, there are still rare studies considering source-load bilateral carbon trading (BCT). The effect of source-load BCT on system-wide carbon mitigation is worth studying. To fill this research gap, a hierarchical low-carbon economic-dispatch model with source-load BCT based on the Aumann–Shapley method was proposed. In the first layer, economic-dispatch was conducted to minimize the power-generation costs and source-side carbon-trading costs. Then, based on the carbon-emission flow (CEF) theory, the actual load carbon emissions can be obtained and passed to the second layer. At the second layer, the demand-response optimization was performed to minimize the load-side carbon-trading costs. Finally, the proposed model was tested on the modified New England 39-bus and IEEE 118-bus systems using the MATLAB/YALMIP platform with the Gurobi solver. The results indicate that the proposed model can effectively facilitate peak-load shifting, wind-power consumption, and carbon mitigation. Furthermore, compared with the models only considering source-side or load-side UCT, the proposed source-load BCT model has obvious advantages in carbon mitigation.https://www.mdpi.com/1996-1073/15/15/5359Aumann–Shapley methodcarbon emissioncarbon-emission flowcarbon tradingdemand responselow-carbon economic dispatch |
| spellingShingle | Junpei Nan Jieran Feng Xu Deng Chao Wang Ke Sun Hao Zhou Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method Energies Aumann–Shapley method carbon emission carbon-emission flow carbon trading demand response low-carbon economic dispatch |
| title | Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method |
| title_full | Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method |
| title_fullStr | Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method |
| title_full_unstemmed | Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method |
| title_short | Hierarchical Low-Carbon Economic Dispatch with Source-Load Bilateral Carbon-Trading Based on Aumann–Shapley Method |
| title_sort | hierarchical low carbon economic dispatch with source load bilateral carbon trading based on aumann shapley method |
| topic | Aumann–Shapley method carbon emission carbon-emission flow carbon trading demand response low-carbon economic dispatch |
| url | https://www.mdpi.com/1996-1073/15/15/5359 |
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