Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets
Energy-saving and emission reduction will become the focus of the energy industry in the future. The coordination of the carbon and electricity markets can help achieve the goals of carbon reduction. With the establishment of the carbon market, carbon emitting power generation units (CEPGU) need to...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2022-09-01
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| Series: | Frontiers in Energy Research |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2022.977509/full |
| _version_ | 1811269527075291136 |
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| author | Yuyan Yang Jichun Liu Xiao Xu Kangmin Xie Zhenming Lai Yulin Xue Bingquan Yang |
| author_facet | Yuyan Yang Jichun Liu Xiao Xu Kangmin Xie Zhenming Lai Yulin Xue Bingquan Yang |
| author_sort | Yuyan Yang |
| collection | DOAJ |
| description | Energy-saving and emission reduction will become the focus of the energy industry in the future. The coordination of the carbon and electricity markets can help achieve the goals of carbon reduction. With the establishment of the carbon market, carbon emitting power generation units (CEPGU) need to consider the trading strategy and comprehensive benefits in the electricity and carbon markets. To further explore the mechanism and interaction process of electricity price and carbon price, the day-ahead electricity market model and carbon market trading model are developed in this study. Based on the deviation between the bid-winning power output in the electricity market and the quota plan in the carbon market, the generation cost model and the carbon quota trading decision model of the units are constructed. Finally, a case study is provided to simulate the coordinated trading process of the carbon and electricity markets. The transaction time scales of the two markets are matched. The results prove that the generation plan of the units can coordinate with the carbon quota level and provide a trading strategy for the power generation enterprises. |
| first_indexed | 2024-04-12T21:43:39Z |
| format | Article |
| id | doaj.art-b17efccee2f74b4a83db6264badeaab0 |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-04-12T21:43:39Z |
| publishDate | 2022-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-b17efccee2f74b4a83db6264badeaab02022-12-22T03:15:42ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-09-011010.3389/fenrg.2022.977509977509Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity marketsYuyan Yang0Jichun Liu1Xiao Xu2Kangmin Xie3Zhenming Lai4Yulin Xue5Bingquan Yang6College of Electrical Engineering, Sichuan University, Chengdu, ChinaCollege of Electrical Engineering, Sichuan University, Chengdu, ChinaCollege of Electrical Engineering, Sichuan University, Chengdu, ChinaCollege of Electrical Engineering, Sichuan University, Chengdu, ChinaPowerchina Hydropower Development Group Co., Ltd, Chengdu, ChinaPowerchina Hydropower Development Group Co., Ltd, Chengdu, ChinaPowerchina Hydropower Development Group Co., Ltd, Chengdu, ChinaEnergy-saving and emission reduction will become the focus of the energy industry in the future. The coordination of the carbon and electricity markets can help achieve the goals of carbon reduction. With the establishment of the carbon market, carbon emitting power generation units (CEPGU) need to consider the trading strategy and comprehensive benefits in the electricity and carbon markets. To further explore the mechanism and interaction process of electricity price and carbon price, the day-ahead electricity market model and carbon market trading model are developed in this study. Based on the deviation between the bid-winning power output in the electricity market and the quota plan in the carbon market, the generation cost model and the carbon quota trading decision model of the units are constructed. Finally, a case study is provided to simulate the coordinated trading process of the carbon and electricity markets. The transaction time scales of the two markets are matched. The results prove that the generation plan of the units can coordinate with the carbon quota level and provide a trading strategy for the power generation enterprises.https://www.frontiersin.org/articles/10.3389/fenrg.2022.977509/fullcarbon marketelectricity marketcarbon emissiontrading strategycarbon emitting power generation units |
| spellingShingle | Yuyan Yang Jichun Liu Xiao Xu Kangmin Xie Zhenming Lai Yulin Xue Bingquan Yang Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets Frontiers in Energy Research carbon market electricity market carbon emission trading strategy carbon emitting power generation units |
| title | Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| title_full | Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| title_fullStr | Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| title_full_unstemmed | Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| title_short | Cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| title_sort | cooperative trading strategy of carbon emitting power generation units participating in carbon and electricity markets |
| topic | carbon market electricity market carbon emission trading strategy carbon emitting power generation units |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2022.977509/full |
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