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Dynamic environmental economic dispatch of hybrid renewable energy systems based on tradable green certificates

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  • Li, Xiaozhu
  • Wang, Weiqing
  • Wang, Haiyun
  • Wu, Jiahui
  • Fan, Xiaochao
  • Xu, Qidan

Abstract

China is accelerating the formulation of a renewable portfolio standard to promote the development and utilization of renewable energy. The implementation of the standard and corresponding tradable green certificates will change the scheduling procedures of thermal power and other renewable energy generators in the electric power system. This paper formulates a multi-objective dynamic economic emission dispatch model for wind-solar-hydro power under tradable green certificates. Weibull, Beta and Gumbel distributions are used to simulate the random behavior of wind, solar and hydro power, respectively, thus taking into account the overestimation and underestimation costs caused by the randomness of renewable energy. Moreover, a new multi-objective moth-flame optimization (MOMFO) based solution is proposed according to the characteristics of the dispatch model. The MOMFO is based on the external elite reservation and Pareto dominance. To improve the search capability, the strategy of average entropy initialization, Lévy flight and variable scale chaotic strategy are introduced. A heuristic dynamic relaxation method is proposed, which is used to handle the complex constraints of the model. Finally, the feasibility of the proposed scheduling model and the effectiveness of the algorithm are illustrated using examples of different scheduling situations based on IEEE 39-bus standard system.

Suggested Citation

  • Li, Xiaozhu & Wang, Weiqing & Wang, Haiyun & Wu, Jiahui & Fan, Xiaochao & Xu, Qidan, 2020. "Dynamic environmental economic dispatch of hybrid renewable energy systems based on tradable green certificates," Energy, Elsevier, vol. 193(C).
    • Handle: RePEc:eee:energy:v:193:y:2020:i:c:s0360544219323941
    DOI: 10.1016/j.energy.2019.116699
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    References listed on IDEAS

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    Cited by:

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    5. Qun Niu & Ming You & Zhile Yang & Yang Zhang, 2021. "Economic Emission Dispatch Considering Renewable Energy Resources—A Multi-Objective Cross Entropy Optimization Approach," Sustainability, MDPI, vol. 13(10), pages 1-33, May.
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    9. Shin, Hansol & Kim, Wook, 2023. "Comparison of the centralized and decentralized environmentally constrained economic dispatch methods of coal-fired generators: A case study for South Korea," Energy, Elsevier, vol. 275(C).
    10. Wang, Lin & Li, Ke, 2022. "Research on renewable energy consumption and emission reduction in power market based on bi-level decision making in China," Energy, Elsevier, vol. 260(C).
    11. Wu, Qunli & Li, Chunxiang, 2023. "Modeling and operation optimization of hydrogen-based integrated energy system with refined power-to-gas and carbon-capture-storage technologies under carbon trading," Energy, Elsevier, vol. 270(C).
    12. Ziad M. Ali & Shady H. E. Abdel Aleem & Ahmed I. Omar & Bahaa Saad Mahmoud, 2022. "Economical-Environmental-Technical Operation of Power Networks with High Penetration of Renewable Energy Systems Using Multi-Objective Coronavirus Herd Immunity Algorithm," Mathematics, MDPI, vol. 10(7), pages 1-43, April.
    13. Yan, Sizhe & Wang, Weiqing & Li, Xiaozhu & Maimaiti, Pakezhati & Zhao, Yi, 2024. "Cross-regional green certificate transaction strategies based on a double-layer game model," Applied Energy, Elsevier, vol. 356(C).
    14. Oleksandr Sabishchenko & Rafał Rębilas & Norbert Sczygiol & Mariusz Urbański, 2020. "Ukraine Energy Sector Management Using Hybrid Renewable Energy Systems," Energies, MDPI, vol. 13(7), pages 1-20, April.
    15. Li, Xiaozhu & Wang, Weiqing & Wang, Haiyun, 2021. "Hybrid time-scale energy optimal scheduling strategy for integrated energy system with bilateral interaction with supply and demand," Applied Energy, Elsevier, vol. 285(C).
    16. Oveis Abedinia & Mehdi Bagheri, 2021. "Power Distribution Optimization Based on Demand Respond with Improved Multi-Objective Algorithm in Power System Planning," Energies, MDPI, vol. 14(10), pages 1-18, May.
    17. Ahmed I. Omar & Ziad M. Ali & Mostafa Al-Gabalawy & Shady H. E. Abdel Aleem & Mujahed Al-Dhaifallah, 2020. "Multi-Objective Environmental Economic Dispatch of an Electricity System Considering Integrated Natural Gas Units and Variable Renewable Energy Sources," Mathematics, MDPI, vol. 8(7), pages 1-37, July.
    18. Hu, Yu & Chi, Yuanying & Zhao, Hao & Zhou, Wenbing, 2022. "The development of renewable energy industry under renewable portfolio standards: From the perspective of provincial resource differences," Energy Policy, Elsevier, vol. 170(C).
    19. Yu, Xianyu & Ge, Shengxian & Zhou, Dequn & Wang, Qunwei & Chang, Ching-Ter & Sang, Xiuzhi, 2022. "Whether feed-in tariff can be effectively replaced or not? An integrated analysis of renewable portfolio standards and green certificate trading," Energy, Elsevier, vol. 245(C).

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