IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v351y2023ics0306261923012059.html
   My bibliography  Save this article

A low-carbon economic dispatch for integrated energy systems with CCUS considering multi-time-scale allocation of carbon allowance

Author

Listed:
  • Shi, Zhengkun
  • Yang, Yongbiao
  • Xu, Qingshan
  • Wu, Chenyu
  • Hua, Kui

Abstract

The carbon allowance trading mechanism provides an economic basis to facilitate emission reductions for market participants. As a compliance mechanism, allowance-based emission control demands emitter to surrender the same amount of carbon allowances as it emits during the accounting period, the duration of which is often set to one year by the administrators. This requires emitters to determine the upper limit of annual emissions and allocate it to each day based on the current carbon price to minimize their overall operating costs over the longer carbon accounting period. This paper proposes a low-carbon economic dispatch for IES with CCUS considering multi-time-scale allocation of carbon allowance. In the upper level, a scenario-based stochastic optimization is adopted to decide the annual allowance and complete the allocation from year to month and then from month to day. The lower level is a Wasserstein ambiguity set-based two-stage distributionally robust optimization (TSDRO) model to find the optimal dispatch strategy of each day. The uncertainty from the long-term available renewable energy resources and user demands and from the short-term forecasting errors is both considered. Simulation results show that the proposed model can realize reasonable carbon allocation and decrease the annual operation costs.

Suggested Citation

  • Shi, Zhengkun & Yang, Yongbiao & Xu, Qingshan & Wu, Chenyu & Hua, Kui, 2023. "A low-carbon economic dispatch for integrated energy systems with CCUS considering multi-time-scale allocation of carbon allowance," Applied Energy, Elsevier, vol. 351(C).
  • Handle: RePEc:eee:appene:v:351:y:2023:i:c:s0306261923012059
    DOI: 10.1016/j.apenergy.2023.121841
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261923012059
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.apenergy.2023.121841?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. He, Liangce & Lu, Zhigang & Zhang, Jiangfeng & Geng, Lijun & Zhao, Hao & Li, Xueping, 2018. "Low-carbon economic dispatch for electricity and natural gas systems considering carbon capture systems and power-to-gas," Applied Energy, Elsevier, vol. 224(C), pages 357-370.
    2. Gu, Haifei & Li, Yang & Yu, Jie & Wu, Chen & Song, Tianli & Xu, Jinzhou, 2020. "Bi-level optimal low-carbon economic dispatch for an industrial park with consideration of multi-energy price incentives," Applied Energy, Elsevier, vol. 262(C).
    3. Sun, Jingqi & Ruze, Nuermaimaiti & Zhang, Jianjun & Shi, Jing & Shen, Boyang, 2021. "Capacity planning and optimization for integrated energy system in industrial park considering environmental externalities," Renewable Energy, Elsevier, vol. 167(C), pages 56-65.
    4. Olabi, A.G. & Obaideen, Khaled & Elsaid, Khaled & Wilberforce, Tabbi & Sayed, Enas Taha & Maghrabie, Hussein M. & Abdelkareem, Mohammad Ali, 2022. "Assessment of the pre-combustion carbon capture contribution into sustainable development goals SDGs using novel indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 153(C).
    5. Xiang, Yue & Wu, Gang & Shen, Xiaodong & Ma, Yuhang & Gou, Jing & Xu, Weiting & Liu, Junyong, 2021. "Low-carbon economic dispatch of electricity-gas systems," Energy, Elsevier, vol. 226(C).
    6. Jin, Xiaolong & Mu, Yunfei & Jia, Hongjie & Wu, Jianzhong & Xu, Xiandong & Yu, Xiaodan, 2016. "Optimal day-ahead scheduling of integrated urban energy systems," Applied Energy, Elsevier, vol. 180(C), pages 1-13.
    7. He, Gang & Lin, Jiang & Sifuentes, Froylan & Liu, Xu & Abhyankar, Nikit & Phadke, Amol, 2020. "Author Correction: Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt11x8b9hc, Department of Agricultural & Resource Economics, UC Berkeley.
    8. Saberi-Beglar, Kasra & Zare, Kazem & Seyedi, Heresh & Marzband, Mousa & Nojavan, Sayyad, 2023. "Risk-embedded scheduling of a CCHP integrated with electric vehicle parking lot in a residential energy hub considering flexible thermal and electrical loads," Applied Energy, Elsevier, vol. 329(C).
    9. Gang He & Jiang Lin & Froylan Sifuentes & Xu Liu & Nikit Abhyankar & Amol Phadke, 2020. "Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system," Nature Communications, Nature, vol. 11(1), pages 1-9, December.
    10. Wang, Yuwei & Yang, Yuanjuan & Fei, Haoran & Song, Minghao & Jia, Mengyao, 2022. "Wasserstein and multivariate linear affine based distributionally robust optimization for CCHP-P2G scheduling considering multiple uncertainties," Applied Energy, Elsevier, vol. 306(PA).
    11. Ju, Liwei & Tan, Zhongfu & Yuan, Jinyun & Tan, Qingkun & Li, Huanhuan & Dong, Fugui, 2016. "A bi-level stochastic scheduling optimization model for a virtual power plant connected to a wind–photovoltaic–energy storage system considering the uncertainty and demand response," Applied Energy, Elsevier, vol. 171(C), pages 184-199.
    12. Chao, Cong & Deng, Yimin & Dewil, Raf & Baeyens, Jan & Fan, Xianfeng, 2021. "Post-combustion carbon capture," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
    13. Wu, Chenyu & Gu, Wei & Xu, Yinliang & Jiang, Ping & Lu, Shuai & Zhao, Bo, 2018. "Bi-level optimization model for integrated energy system considering the thermal comfort of heat customers," Applied Energy, Elsevier, vol. 232(C), pages 607-616.
    14. Xu Andy Sun & Antonio J. Conejo, 2021. "Robust Optimization in Electric Energy Systems," International Series in Operations Research and Management Science, Springer, number 978-3-030-85128-6, July-Dece.
    15. Gu, Wei & Wang, Jun & Lu, Shuai & Luo, Zhao & Wu, Chenyu, 2017. "Optimal operation for integrated energy system considering thermal inertia of district heating network and buildings," Applied Energy, Elsevier, vol. 199(C), pages 234-246.
    16. Huang, Yujing & Wang, Yudong & Liu, Nian, 2022. "Low-carbon economic dispatch and energy sharing method of multiple Integrated Energy Systems from the perspective of System of Systems," Energy, Elsevier, vol. 244(PA).
    17. Jafari, Mehdi & Botterud, Audun & Sakti, Apurba, 2022. "Decarbonizing power systems: A critical review of the role of energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    18. Gang He & Jiang Lin & Froylan Sifuentes & Xu Liu & Nikit Abhyankar & Amol Phadke, 2020. "Author Correction: Rapid cost decrease of renewables and storage accelerates the decarbonization of China’s power system," Nature Communications, Nature, vol. 11(1), pages 1-1, December.
    19. Wu, Min & Xu, Jiazhu & Shi, Zhenglu, 2023. "Low carbon economic dispatch of integrated energy system considering extended electric heating demand response," Energy, Elsevier, vol. 278(PA).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chengling Hu & Hao Bai & Wei Li & Kaigui Xie & Yipeng Liu & Tong Liu & Changzheng Shao, 2024. "Optimal Scheduling of Networked Microgrids Considering the Temporal Equilibrium Allocation of Annual Carbon Emission Allowance," Sustainability, MDPI, vol. 16(24), pages 1-20, December.
    2. Yuzhe Zhao & Jingwen Chen, 2024. "Collaborative Optimization Scheduling of Multi-Microgrids Incorporating Hydrogen-Doped Natural Gas and P2G–CCS Coupling under Carbon Trading and Carbon Emission Constraints," Energies, MDPI, vol. 17(8), pages 1-30, April.
    3. Dhanasingh Sivalinga Vijayan & Selvakumar Gopalaswamy & Arvindan Sivasuriyan & Eugeniusz Koda & Wiktor Sitek & Magdalena Daria Vaverková & Anna Podlasek, 2024. "Advances and Applications of Carbon Capture, Utilization, and Storage in Civil Engineering: A Comprehensive Review," Energies, MDPI, vol. 17(23), pages 1-44, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natalia Gonzalez & Paul Serna-Torre & Pedro A. Sánchez-Pérez & Ryan Davidson & Bryan Murray & Martin Staadecker & Julia Szinai & Rachel Wei & Daniel M. Kammen & Deborah A. Sunter & Patricia Hidalgo-Go, 2024. "Offshore wind and wave energy can reduce total installed capacity required in zero-emissions grids," Nature Communications, Nature, vol. 15(1), pages 1-16, December.
    2. Tan, Jiawei & Chen, Xingyu & Bu, Yang & Wang, Feng & Wang, Jialing & Huang, Xianan & Hu, Zhenda & Liu, Lin & Lin, Changzhui & Meng, Chao & Lin, Jian & Xie, Shan & Xu, Jinmei & Jing, Rui & Zhao, Yingru, 2024. "Incorporating FFTA based safety assessment of lithium-ion battery energy storage systems in multi-objective optimization for integrated energy systems," Applied Energy, Elsevier, vol. 367(C).
    3. Merheb, Caroline, 2024. "Why should imminent international funds for solar photovoltaics go to families and the private sector and not to the government to stop the electricity crisis in Lebanon?," Energy Policy, Elsevier, vol. 192(C).
    4. Zhang, Yun-Long & Kang, Jia-Ning & Liu, Lan-Cui & Wei, Yi-Ming, 2024. "Unveiling the evolution and future prospects: A comprehensive review of low-carbon transition in the coal power industry," Applied Energy, Elsevier, vol. 371(C).
    5. Wu, Chenyu & Gu, Wei & Xu, Yinliang & Jiang, Ping & Lu, Shuai & Zhao, Bo, 2018. "Bi-level optimization model for integrated energy system considering the thermal comfort of heat customers," Applied Energy, Elsevier, vol. 232(C), pages 607-616.
    6. Sánchez-Pérez, P.A. & Staadecker, Martin & Szinai, Julia & Kurtz, Sarah & Hidalgo-Gonzalez, Patricia, 2022. "Effect of modeled time horizon on quantifying the need for long-duration storage," Applied Energy, Elsevier, vol. 317(C).
    7. Zhenyu Zhuo & Ershun Du & Ning Zhang & Chris P. Nielsen & Xi Lu & Jinyu Xiao & Jiawei Wu & Chongqing Kang, 2022. "Cost increase in the electricity supply to achieve carbon neutrality in China," Nature Communications, Nature, vol. 13(1), pages 1-13, December.
    8. Elkadeem, Mohamed R. & Younes, Ali & Mazzeo, Domenico & Jurasz, Jakub & Elia Campana, Pietro & Sharshir, Swellam W. & Alaam, Mohamed A., 2022. "Geospatial-assisted multi-criterion analysis of solar and wind power geographical-technical-economic potential assessment," Applied Energy, Elsevier, vol. 322(C).
    9. Kuang, Zhonghong & Chen, Qi & Yu, Yang, 2022. "Assessing the CO2-emission risk due to wind-energy uncertainty," Applied Energy, Elsevier, vol. 310(C).
    10. Li, Xiao & Liu, Pan & Feng, Maoyuan & Jordaan, Sarah M. & Cheng, Lei & Ming, Bo & Chen, Jie & Xie, Kang & Liu, Weibo, 2024. "Energy transition paradox: Solar and wind growth can hinder decarbonization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    11. Mou, Dunguo & Wang, Zining, 2022. "A systematic analysis of integrating variable wind power into Fujian power grid," Energy Policy, Elsevier, vol. 170(C).
    12. Tong, Wenxuan & Lu, Zhengang & Chen, Yanbo & Zhao, Guoliang & Hunt, Julian David & Ren, Dawei & Xu, GuiZhi & Han, Minxiao, 2024. "Typical unit capacity configuration strategies and their control methods of modular gravity energy storage plants," Energy, Elsevier, vol. 295(C).
    13. Zebo Kuldasheva & Raufhon Salahodjaev, 2023. "Renewable Energy and CO2 Emissions: Evidence from Rapidly Urbanizing Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1077-1090, June.
    14. Shao, Yunfei & Fan, Shuai & Meng, Yuhang & Jia, Kunqi & He, Guangyu, 2024. "Personalized demand response based on sub-CDL considering energy consumption characteristics of customers," Applied Energy, Elsevier, vol. 374(C).
    15. Jain, Sourabh, 2022. "Exploring structures of power purchase agreements towards supplying 24x7 variable renewable electricity," Energy, Elsevier, vol. 244(PA).
    16. Kim, Haein, 2023. "Grid interconnections and decarbonization pathways for carbon neutrality of Northeast Asia," Renewable Energy, Elsevier, vol. 219(P1).
    17. Choo, Hyunwoong & Kim, Yong-Gun & Kim, Dongwoo, 2024. "Power sector carbon reduction review for South Korea in 2030," Renewable and Sustainable Energy Reviews, Elsevier, vol. 196(C).
    18. Song, Xiaoling & Wang, Yudong & Zhang, Zhe & Shen, Charles & Peña-Mora, Feniosky, 2021. "Economic-environmental equilibrium-based bi-level dispatch strategy towards integrated electricity and natural gas systems," Applied Energy, Elsevier, vol. 281(C).
    19. Luo, Qian & Garcia-Menendez, Fernando & Yang, Haozhe & Deshmukh, Ranjit & He, Gang & Lin, Jiang & Johnson, Jeremiah X, 2023. "The Health and Climate Benefits of Economic Dispatch in China’s Power System," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2vq7v90q, Department of Agricultural & Resource Economics, UC Berkeley.
    20. Wang, Yadong & Wang, Delu & Shi, Xunpeng, 2023. "Sustainable development pathways of China's wind power industry under uncertainties: Perspective from economic benefits and technical potential," Energy Policy, Elsevier, vol. 182(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:351:y:2023:i:c:s0306261923012059. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.