Low-Carbon Economic Dispatch Based on a CCPP-P2G Virtual Power Plant Considering Carbon Trading and Green Certificates

Qingyou Yan, Xingbei Ai and Jinmeng Li
Additional contact information
Qingyou Yan: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Xingbei Ai: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Jinmeng Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Sustainability, 2021, vol. 13, issue 22, 1-19

Abstract: To improve the economic benefits of power systems in the process of achieving multi-energy complementation and decarbonization, this paper proposes a dispatching optimization model for virtual power plants (VPP) that considers carbon trading and green certificates. Firstly, the structure of the VPP system integrating wind and solar generators (WP and PV), power-to-gas (P2G), carbon capture power plants (CCPP) and price-based demand response (PBDR) is established. Secondly, the two-way interactive trading models among the VPP, carbon trading and green certification market are constructed. Then, the dispatching optimization model of the VPP is constructed. Finally, the numerical example is solved and analyzed by the chaotic particle swarm optimization algorithm, which verifies the rationality and effectiveness of the new model. The results show that: (1) when the VPP considers the CCPP-P2G, the cost of the system is reduced by USD 2550.48, while the CO 2 emissions are reduced by nearly 50%; (2) the addition of PBDR reduces the CO 2 emissions of the thermal power unit, which has reduced the cost of carbon tax by nearly 27.8%, further reducing the cost of the VPP; (3) the introduction of the carbon trading and green certificate market has reduced the operating cost of the VPP by nearly 22.24%.

Keywords: dispatching optimization; carbon capture; power-to-gas; carbon trading; green certificate (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/22/12423/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/22/12423/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:22:p:12423-:d:676226

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().