Robust environmental-economic dispatch incorporating wind power generation and carbon capture plants

Wei Wei, Feng Liu, Jianhui Wang, Laijun Chen, Shengwei Mei and Tiejiang Yuan

Applied Energy, 2016, vol. 183, issue C, 674-684

Abstract: Utilizing clean renewable generation and carbon capture plants (CCPs) can remarkably reduce the carbon emission from electricity production. Because operating carbon capture facility consumers additional energy, minimizing the production cost and reducing the carbon emission may conflict with each other. To compromise these two objectives and cope with uncertain wind generation, this paper proposes a robust environmental-economic dispatch (EED) method that jointly optimizes energy and reserve schedules in the upcoming dispatch period. The operating characteristic of CCP and the volatility of wind energy are considered in the proposed model. Because both objectives are convex functions, the Pareto front can be readily computed by using the ε-constraint method. The Nash bargaining criterion is adopted to determine a fair trade-off between the generation cost and the carbon emission in the absence of a clear carbon tax or emission cap. A second-order cone program (SOCP) is proposed to locate the bargaining solution on the Pareto front. An adaptive scenario generation algorithm is derived to solve the robust EED problem in a tractable manner. The PJM 5-bus system is used to illustrate the obtained dispatch strategy, and demonstrate the contribution of CCPs on reducing the carbon emissions and enhancing the operational flexibility. Case studies on the IEEE 118-bus system corroborate the applicability of the proposed method.

Keywords: Carbon-capture plants; Environmental-economic dispatch; Nash bargaining problem; Wind generation; Robust optimization (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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DOI: 10.1016/j.apenergy.2016.09.013

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