IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v310y2024ics0360544224029876.html
   My bibliography  Save this article

Optimal scheduling of a multi-energy complementary system simultaneously considering the trading of carbon emission and green certificate

Author

Listed:
  • Wang, Xinyu
  • Chen, Heng
  • Tong, Xi
  • Gao, Yue
  • Pan, Peiyuan
  • Liu, Wenyi

Abstract

This paper uses a multi-energy complementary system composed of thermal, wind, photovoltaic power generation, and electric energy storage units to participate in four market mechanisms and construct the optimal scheduling model of these trading mechanisms. These four mechanisms are carbon emission trading, green certificate trading, these two trading that are not joint, and joint. Under the latter two mechanisms, the excess carbon emissions of the system can be reduced to 9258t, and the utilization rate of renewable energy can reach 100 %. However, the operating costs under the fourth mechanism are 9695.80 $ lower than the third one because 5947 pieces of green certificates are converted into carbon emission rights. When the carbon price rises, the cost of the fourth mechanism increases slower than that of the third mechanism. The conversion volume of green certificates increases from 5947 to 10947, and the cost difference between the two increases to 67558.33 $. When green certificate prices rise, the cost under the fourth trading mechanism decreases faster. As that cost steadily declines, the carbon emission rights are converted into 907 green certificates, and the cost difference between this and the third mechanism increases to 4695.52 $.

Suggested Citation

  • Wang, Xinyu & Chen, Heng & Tong, Xi & Gao, Yue & Pan, Peiyuan & Liu, Wenyi, 2024. "Optimal scheduling of a multi-energy complementary system simultaneously considering the trading of carbon emission and green certificate," Energy, Elsevier, vol. 310(C).
  • Handle: RePEc:eee:energy:v:310:y:2024:i:c:s0360544224029876
    DOI: 10.1016/j.energy.2024.133212
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544224029876
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.energy.2024.133212?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.

    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:energy:v:310:y:2024:i:c:s0360544224029876. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.journals.elsevier.com/energy .

    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.