Economic Emission Dispatch for Wind Power Integrated System with Carbon Trading Mechanism

Jingliang Jin, Qinglan Wen, Xianyue Zhang, Siqi Cheng and Xiaojun Guo
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Jingliang Jin: College of Science, Nantong University, Nantong 226001, China
Qinglan Wen: College of Science, Nantong University, Nantong 226001, China
Xianyue Zhang: College of Science, Nantong University, Nantong 226001, China
Siqi Cheng: College of Science, Nantong University, Nantong 226001, China
Xiaojun Guo: College of Science, Nantong University, Nantong 226001, China

Energies, 2021, vol. 14, issue 7, 1-17

Abstract: Nowadays, the power system is faced with some new changes from low-carbon approaches, though these approaches have proved to be effective in developing low-carbon electricity. Specifically, wind power integration and carbon trading influence the traditional economic emission dispatch (EED) mode, allowing for the disturbance of wind power uncertainties and the fluctuation of carbon trading price. Aiming at the above problems, this study firstly builds a stochastic EED model in the form of chance-constrained programming associated with wind power reliability. Next, wind power features are deduced from the statistic characteristics of wind speed, and thus the established model is converted to a deterministic form. After that, an auxiliary decision-making method based on the technique for order preference by similarity to an ideal solution (TOPSIS) is designed to draw the optimal solution based upon the specific requirements of carbon emission control. The simulation results eventually indicate that the minimization of fuel costs and carbon emissions comes at the expense of wind power reliability. Meanwhile, carbon emission reduction can be effectively realized by carbon trading rather than a substantial increase in fuel costs, and carbon trading may help to improve power generation efficiency. Furthermore, carbon trading prices could be determined by the demands of carbon emission reduction and power generation efficiency improvement.

Keywords: low-carbon; wind power integration; EED; carbon trading; TOPSIS (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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