IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v319y2025ics0360544225005602.html
   My bibliography  Save this article

Expanding the economic benefits of waste gasification through carbon and green certificate markets:Optimal bidding strategies in multiple markets

Author

Listed:
  • Jia, Dongqing
  • Li, Xingmei
  • Tan, Qinliang
  • Li, Bingkang
  • Lv, Xiaoyan

Abstract

The waste gasification has emerged as a promising method for waste treatment and energy generation, but high operational costs hinder its development. Currently, waste gasification plants are aggregated with renewable energy sources into virtual power plant to participate in the combined electricity-hydrogen market, thereby increasing its profitability. Even so, the carbon reduction potential of this technology is often overlooked, limiting the development of waste resource treatment. Based on this, this paper introduces a tradable green certificate market and a carbon emissions trading market to convert carbon reduction potential into economic benefits. Further, inter-market coupling and price transmission relationships are described for electricity, hydrogen, carbon and green certificate markets under dynamic prices. A bi-level bidding strategy model for the joint electricity-hydrogen-carbon-green certificate market is constructed. Finally, the model was tested on a modified IEEE 9-bus grid and a 7-node hydrogen network, showing that the introduction of the carbon emissions trading and green certificate market improves the total return of virtual power plant aggregated waste gasification plants by about 798 ‰. The scheme proposed improves the economic efficiency of waste resource treatment and enhances synergies between various energy markets, while facilitating stable grid integration of renewable energy sources, with a broad development perspective.

Suggested Citation

  • Jia, Dongqing & Li, Xingmei & Tan, Qinliang & Li, Bingkang & Lv, Xiaoyan, 2025. "Expanding the economic benefits of waste gasification through carbon and green certificate markets:Optimal bidding strategies in multiple markets," Energy, Elsevier, vol. 319(C).
    • Handle: RePEc:eee:energy:v:319:y:2025:i:c:s0360544225005602
    DOI: 10.1016/j.energy.2025.134918
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544225005602
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2025.134918?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:319:y:2025:i:c:s0360544225005602. 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.