| Summary: | This paper focuses on the dynamic economic emission dispatch (DEED) problem, to coordinate the distributed energy resources (DERs) in a power system and achieve economical and environmental operation. Distributed energy storages (ESs) are introduced into problem formulation in which charging/discharging efficiency is taken into account. By relaxing the nonconvexity induced by the charging/discharging model of ESs and network losses, we convert the non-convex DEED problem into its convex equivalency. Then, through a Lagrangian duality reformulation, an equivalent unconstrained consensus optimization model is established—a novel consensus-based decentralized algorithm, where the incremental cost is chosen as the consensus variable. At each iteration, only one primal variable requires sub-optimization, and it is completely locally updated. This is different from the well-known alternating direction method of multiplier (ADMM)-based algorithms where more than one subproblem needs to be solved at each iteration. The results of the comparative experiments also reflect the algorithm’s advantage in terms of computational efficiency. The simulation results validate the effectiveness of the proposed algorithm, achieving a balance between emissions and economic considerations.
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