A data driven robust optimization model for scheduling near-zero carbon emission power plant considering the wind power output uncertainties and electricity-carbon market

Yanbin Li, Yanting Sun, Jiechao Liu, Chang Liu and Feng Zhang

Energy, 2023, vol. 279, issue C

Abstract: Under the carbon peak and neutrality targets, the power generation industry in China is facing an urgent demand for a low carbon transition and participation in the electricity-carbon market. This paper novelty proposes a near-zero carbon emission power plant (NZCEP) integrating gas turbines, wind turbines, power-to-gas and the carbon capture, utilization and storage system. And a two-stage Data-driven Set based robust optimization (DSRO) model, including a day-ahead dispatching phase and a real-time adjustment phase, is conducted to ensure the consumption of renewable energy resources and to develop the optimal operating strategy for NZCEP participation under the electricity-carbon market. The results demonstrated the following outcomes: (1) NZCEP shows better environmental benefits by reducing carbon emissions and consuming renewable energy resources. (2) the DSRO model can resist the interference of wind power output uncertainties and address the issue of traditional robust models being overly conservative. (3) under the electricity-carbon market, NZCEP shows better economic benefits, which can generate additional revenue from selling surplus carbon emission allowances (CEA). Moreover, when the annual average CEA price reaches 355 CNY/t, the NZCEP will achieve full capital cost recovery.

Keywords: Electricity-carbon market; Near-zero carbon emission power plant; NZCEP; CCUS; Emission reduction; Robust optimization model (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:279:y:2023:i:c:s0360544223014470

DOI: 10.1016/j.energy.2023.128053

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