Carbon Trading Analysis and Impacts on Economy in Market-to-Market Coordination With Higher PV Penetration

Yadav, Deepak; Mekhilef, Saad; Singh, Brijesh; Rawa, Muhyaddin

doi:10.1109/tia.2021.3105495

Cited by 12 publications

(5 citation statements)

References 17 publications

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“…The carbon dioxide emission of the unit is proportional to the power generation. E t = 𝜇 c P t (7) where E t represents the carbon dioxide emissions of the unit at time t, μ c represents the carbon dioxide emission coefficient per unit of power generation.…”

Section: Chp Modelmentioning

confidence: 99%

“…Wang et al introduced the reliability coefficient into the optimization model of cogeneration system, evaluated the correlation between the economy and the reliability of the system, and effectively reduced carbon dioxide emissions and improved energy utilization efficiency [6]. Yadav et al studied the marketto-market coordination (M2M) problem under the condition of high PV generation [7]. They analyzed the impact of carbon emissions on system revenue by calculating the total carbon emission reduction amount and the total carbon emission reduction cost.…”

Section: Introductionmentioning

confidence: 99%

“…Yadav et al. studied the market‐to‐market coordination (M2M) problem under the condition of high PV generation [7]. They analyzed the impact of carbon emissions on system revenue by calculating the total carbon emission reduction amount and the total carbon emission reduction cost.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Market‐clearing framework of a resilient microgrid with renewable energy considering emission reduction targets

Fu,

Guo,

Yang

2023

IET Renewable Power Gen

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With the gradual attention of global climate change, a series of carbon emission plans have been formally implemented in the field of energy. There is a consistent relationship between the carbon market and the electricity market in promoting clean energy development and improving carbon dioxide emission reduction targets. The market design of a low‐carbon power system should be considered as a whole to promote the coordinated development of carbon and power markets. Taking an industrial park in China as the research object, an internal market trading model of an industrial park considering carbon dioxide emission reduction targets is proposed. The proposed trading mechanism considers both carbon dioxide emission reduction targets and social welfare maximization. The proposed market trading model connects day‐ahead and intraday electricity markets, which deal with uncertainty about renewable energy sources.

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Section: Chp Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Market‐clearing framework of a resilient microgrid with renewable energy considering emission reduction targets

Fu,

Guo,

Yang

2023

IET Renewable Power Gen

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“…The economic evaluation of integrated energy system with high proportion of renewable energy is increasingly involving carbon trading issues [22] [23]. Since carbon trading is an essential factor in measuring the benefits of Power-to-X technique because of the carbon capture before gas-intake, it is included in the objective function represented by 45), which can be illustrated in detail as follows:…”

Section: Day-ahead Generation Scheduling Model Of Ipws a Objective Fu...mentioning

confidence: 99%

Day-Ahead Scheduling of Integrated Power and Water System Considering a Refined Model of Power-to-Gas

Gao

Chen

et al. 2022

IEEE Access

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To accommodate surplus electricity and decarbonize, power-to-gas (PtG) is being widely considered in the integrated energy system with high proportion of renewable energy. However, the reaction model of PtG should be refined for the sake of making a precise operation strategy and economic evaluation. Compared with the ordinary model of power-to-gas process, this article makes two main improvements. First, an explicit expression of electrolytic process is given according to the usage of electricity. In the refined electrolytic model, the recovery of the extra heat in the electrolytic process and the compression of feed-in gas is explored. Second, the response model of the methanation process to the intermittency of the renewable energy is established. Considering the increasing coupling of power system and water network, we formulate a day-ahead scheduling program for an integrated power and water system (IPWS). Thus, the role of double regulation of power-to-gas is more noticeable. Finally, the accuracy and economical performance of the refined model of power-to-gas is demonstrated through case studies. The results show a significant body of recoverable extra heat reaching 26.6% of the total power consumption. Also, it shows a dramatic growth in PtG's consumption by 61.9% considering compression consumption. Moreover, the information gap decision theory (IGDT) is applied in the unit commitment scheme. Based on IGDT, the impact of the renewable energy uncertainty on the decision-making of IPWS operator is discussed.

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“…Wang, Z et al compared the existing carbon emission systems by analyzing the current status and market position of carbon trading in China with the aim of establishing a viable mechanism for a renewable energy carbon market [13]. Yadav, D et al analyzed an international agreement to reduce total greenhouse gas emissions by relaxing the tax on CO2 emissions using different M2M carbon trading and interconnection topologies [14]. Weng, Q et al analyzed the carbon trading market and proposed corresponding policy recommendations to contribute to further energy saving and emission reduction [15].…”

Section: Introductionmentioning

confidence: 99%

Optimization Study on Carbon Trading and Constructive Repetitive Project Scheduling in the Context of Internet Era

Zhou,

Guo,

Wang

2023

Applied Mathematics and Nonlinear Sciences

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This paper constructs a carbon trading market trade-off problem model based on the time-constrained relationship of process families in RSM. By analyzing the repetitive construction project processes, linear, block, and strip processes are refined. The time-constrained relationship between process families in the RSM is studied, and the expression formula is derived. Process continuity and resource continuity in repetitive construction projects are analyzed to reduce the time required to complete a unit of work. The process duration of the project is determined by optimizing the amount of new resources and human resources used. The results show that when the length of the carbon emission interval is at (0.5, 2]t, when the length of the carbon emission interval is small, the role of RSM process time carbon trading price is larger.

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Carbon Trading Analysis and Impacts on Economy in Market-to-Market Coordination With Higher PV Penetration

Cited by 12 publications

References 17 publications

Market‐clearing framework of a resilient microgrid with renewable energy considering emission reduction targets

Market‐clearing framework of a resilient microgrid with renewable energy considering emission reduction targets

Day-Ahead Scheduling of Integrated Power and Water System Considering a Refined Model of Power-to-Gas

Optimization Study on Carbon Trading and Constructive Repetitive Project Scheduling in the Context of Internet Era

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