Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids

The rapid development of the Industrial Internet-of-Things extends demand response (DR) research to the aspect of low-carbon emission in smart grids. This study proposed the concept of low-carbon DR (LCDR) in the electricity market as well as the price-based LCDR mechanism and its model. First, carb...

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Main Authors: Chao Yang, Binghao He, Huanxin Liao, Jiaqi Ruan, Junhua Zhao
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-08-01
Series:Frontiers in Energy Research
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenrg.2022.959786/full
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author Chao Yang
Binghao He
Huanxin Liao
Jiaqi Ruan
Junhua Zhao
author_facet Chao Yang
Binghao He
Huanxin Liao
Jiaqi Ruan
Junhua Zhao
author_sort Chao Yang
collection DOAJ
description The rapid development of the Industrial Internet-of-Things extends demand response (DR) research to the aspect of low-carbon emission in smart grids. This study proposed the concept of low-carbon DR (LCDR) in the electricity market as well as the price-based LCDR mechanism and its model. First, carbon cost conduction from the generation side to the demand side was analyzed, and then conduction function was quantifiably deduced. Second, the mechanism and model of price-based LCDR were proposed by considering three DR signals, namely, the electricity price, carbon price, and carbon emission intensity of the demand side, based on the traditional price-based DR (PBDR) mechanism. Third, the proposed LCDR mechanism was applied to the environmental–economic dispatch optimization problem. At last, case studies on the modified IEEE 39-bus system verified that the LCDR mechanism can reduce carbon emissions while maintaining the function of the traditional PBDR. Meanwhile, the applicability of LCDR was illustrated based on carbon emission sensitivity to LCDR model parameters. The proposed mechanism can guide participants in the electricity market in reducing electricity carbon emissions.
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spelling doaj.art-a02770a907e74df9937d0be7f1fc80ee2022-12-22T02:15:25ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-08-011010.3389/fenrg.2022.959786959786Price-based low-carbon demand response considering the conduction of carbon emission costs in smart gridsChao YangBinghao HeHuanxin LiaoJiaqi RuanJunhua ZhaoThe rapid development of the Industrial Internet-of-Things extends demand response (DR) research to the aspect of low-carbon emission in smart grids. This study proposed the concept of low-carbon DR (LCDR) in the electricity market as well as the price-based LCDR mechanism and its model. First, carbon cost conduction from the generation side to the demand side was analyzed, and then conduction function was quantifiably deduced. Second, the mechanism and model of price-based LCDR were proposed by considering three DR signals, namely, the electricity price, carbon price, and carbon emission intensity of the demand side, based on the traditional price-based DR (PBDR) mechanism. Third, the proposed LCDR mechanism was applied to the environmental–economic dispatch optimization problem. At last, case studies on the modified IEEE 39-bus system verified that the LCDR mechanism can reduce carbon emissions while maintaining the function of the traditional PBDR. Meanwhile, the applicability of LCDR was illustrated based on carbon emission sensitivity to LCDR model parameters. The proposed mechanism can guide participants in the electricity market in reducing electricity carbon emissions.https://www.frontiersin.org/articles/10.3389/fenrg.2022.959786/fullprice-based low-carbon demand responsecarbon emissionscarbon emission cost conductioncarbon emission intensityenvironmental–economic dispatch
spellingShingle Chao Yang
Binghao He
Huanxin Liao
Jiaqi Ruan
Junhua Zhao
Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
Frontiers in Energy Research
price-based low-carbon demand response
carbon emissions
carbon emission cost conduction
carbon emission intensity
environmental–economic dispatch
title Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
title_full Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
title_fullStr Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
title_full_unstemmed Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
title_short Price-based low-carbon demand response considering the conduction of carbon emission costs in smart grids
title_sort price based low carbon demand response considering the conduction of carbon emission costs in smart grids
topic price-based low-carbon demand response
carbon emissions
carbon emission cost conduction
carbon emission intensity
environmental–economic dispatch
url https://www.frontiersin.org/articles/10.3389/fenrg.2022.959786/full
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AT huanxinliao pricebasedlowcarbondemandresponseconsideringtheconductionofcarbonemissioncostsinsmartgrids
AT jiaqiruan pricebasedlowcarbondemandresponseconsideringtheconductionofcarbonemissioncostsinsmartgrids
AT junhuazhao pricebasedlowcarbondemandresponseconsideringtheconductionofcarbonemissioncostsinsmartgrids