IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v314y2025ics0360544224039938.html
   My bibliography  Save this article

Optimal dispatch of a multi-energy complementary system containing energy storage considering the trading of carbon emission and green certificate in China

Author

Listed:
  • Tong, Xi
  • Zhao, Shuyuan
  • Chen, Heng
  • Wang, Xinyu
  • Liu, Wenyi
  • Sun, Ying
  • Zhang, Lei

Abstract

In the context of low-carbon power, the participation of large power system in the carbon market and green certificate market has become an important means to promote energy conservation and emission reduction. To further reduce the carbon emissions level of energy storage-multi energy complementary system (ES-MECS) and improve the operational economy of the system, an ES-MECS optimization scheduling strategy is proposed under the integrated carbon green certificate trading (ICGCT) mechanism. Firstly, physical modeling of ES-MECS, after analyzing the operating modes of the carbon emission trading (CET) market and the green certificate trading (GCT) market, ICGCT mechanism is established for the mutual conversion of carbon emission rights and green certificates. Secondly, an ES-MECS optimization scheduling model is established with the objective of minimizing the overall operating cost, which consists of ladder-type carbon trading cost, energy purchase cost, and green certificate trading benefit. Finally, data analysis is conducted using examples, and the impact of factors such as the basic transaction prices of green certificate trading and carbon trading on system operation is analyzed to verify the effectiveness of the proposed strategy. The final result shows 0.35 % reduction in overall operating cost and 5.03 % increase in total revenue, providing ideas for optimizing the operation mode and strategy of regional power grids.

Suggested Citation

  • Tong, Xi & Zhao, Shuyuan & Chen, Heng & Wang, Xinyu & Liu, Wenyi & Sun, Ying & Zhang, Lei, 2025. "Optimal dispatch of a multi-energy complementary system containing energy storage considering the trading of carbon emission and green certificate in China," Energy, Elsevier, vol. 314(C).
  • Handle: RePEc:eee:energy:v:314:y:2025:i:c:s0360544224039938
    DOI: 10.1016/j.energy.2024.134215
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544224039938
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.energy.2024.134215?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:314:y:2025:i:c:s0360544224039938. 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.