IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v189y2022icp744-761.html
   My bibliography  Save this article

A two-stage benefit optimization and multi-participant benefit-sharing strategy for hybrid renewable energy systems in rural areas under carbon trading

Author

Listed:
  • Zhang, Lihui
  • Li, Songrui
  • Nie, Qingyun
  • Hu, Yitang

Abstract

Hybrid renewable energy systems (HRESs) are a promising tool for reducing emissions in rural areas. Suitable transaction mechanisms and impartial benefit-sharing strategies are the basis for sustainable HRESs. An HRES that focuses on biomass energy comprising three participants, is proposed and a two-stage benefit optimization and sharing model that is based on a reward-punishment-tiered carbon trading (CT) policy is established in this study. To ensure that maximum benefits are gained from HRESs, impartial benefit-sharing strategies such as minimum cost-retaining savings, Nash negotiation, and an improved Shapley value are selected. The results of the first stage show that the benefits of an alliance between the three participants increased by $22621.08 and $11497.49, respectively, under CT. The results of the second stage show that a suitable benefit-sharing strategy can be selected according to the needs of different cooperation models, with the contribution of all participants fully reflected under the improved Shapley value method. The use of a two-stage optimization model improved the willingness of participants to cooperate, based on the premise of maximum benefits. Additionally, new ideas for promoting the development of rural energy can further be provided.

Suggested Citation

  • Zhang, Lihui & Li, Songrui & Nie, Qingyun & Hu, Yitang, 2022. "A two-stage benefit optimization and multi-participant benefit-sharing strategy for hybrid renewable energy systems in rural areas under carbon trading," Renewable Energy, Elsevier, vol. 189(C), pages 744-761.
    • Handle: RePEc:eee:renene:v:189:y:2022:i:c:p:744-761
    DOI: 10.1016/j.renene.2022.03.048
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148122003251
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2022.03.048?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. Javed, Muhammad Shahzad & Ma, Tao & Jurasz, Jakub & Canales, Fausto A. & Lin, Shaoquan & Ahmed, Salman & Zhang, Yijie, 2021. "Economic analysis and optimization of a renewable energy based power supply system with different energy storages for a remote island," Renewable Energy, Elsevier, vol. 164(C), pages 1376-1394.
    2. Baruah, Abhinandan & Basu, Mousumi & Amuley, Deeshank, 2021. "Modeling of an autonomous hybrid renewable energy system for electrification of a township: A case study for Sikkim, India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    3. Wegener, Moritz & Villarroel Schneider, J. & Malmquist, Anders & Isalgue, Antonio & Martin, Andrew & Martin, Viktoria, 2021. "Techno-economic optimization model for polygeneration hybrid energy storage systems using biogas and batteries," Energy, Elsevier, vol. 218(C).
    4. Shan, Haiyan & Yang, Junliang, 2019. "Sustainability of photovoltaic poverty alleviation in China: An evolutionary game between stakeholders," Energy, Elsevier, vol. 181(C), pages 264-280.
    5. Mohajeri, Nahid & Perera, A.T.D. & Coccolo, Silvia & Mosca, Lucas & Le Guen, Morgane & Scartezzini, Jean-Louis, 2019. "Integrating urban form and distributed energy systems: Assessment of sustainable development scenarios for a Swiss village to 2050," Renewable Energy, Elsevier, vol. 143(C), pages 810-826.
    6. Yang, Shenbo & Tan, Zhongfu & Lin, Hongyu & Li, Peng & De, Gejirifu & Zhou, Feng’ao & Ju, Liwei, 2020. "A two-stage optimization model for Park Integrated Energy System operation and benefit allocation considering the effect of Time-Of-Use energy price," Energy, Elsevier, vol. 195(C).
    7. Malladi, Krishna Teja & Sowlati, Taraneh, 2020. "Bi-objective optimization of biomass supply chains considering carbon pricing policies," Applied Energy, Elsevier, vol. 264(C).
    8. An, Kangxin & Zhang, Shihui & Huang, Hai & Liu, Yuan & Cai, Wenjia & Wang, Can, 2021. "Socioeconomic impacts of household participation in emission trading scheme: A Computable General Equilibrium-based case study," Applied Energy, Elsevier, vol. 288(C).
    9. Stavroula Evangelopoulou & Alessia De Vita & Georgios Zazias & Pantelis Capros, 2019. "Energy System Modelling of Carbon-Neutral Hydrogen as an Enabler of Sectoral Integration within a Decarbonization Pathway," Energies, MDPI, vol. 12(13), pages 1-24, July.
    10. Bunn, Derek W. & Redondo-Martin, Jorge & Muñoz-Hernandez, José I. & Diaz-Cachinero, Pablo, 2019. "Analysis of coal conversion to biomass as a transitional technology," Renewable Energy, Elsevier, vol. 132(C), pages 752-760.
    11. Coady, Joe & Duquette, Jean, 2021. "Quantifying the impacts of biomass driven combined heat and power grids in northern rural and remote communities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    12. Khan, Faizan A. & Pal, Nitai & Saeed, Syed H., 2021. "Optimization and sizing of SPV/Wind hybrid renewable energy system: A techno-economic and social perspective," Energy, Elsevier, vol. 233(C).
    13. Lu Li & Jie Dong & Yan Song, 2020. "Impact and Acting Path of Carbon Emission Trading on Carbon Emission Intensity of Construction Land: Evidence from Pilot Areas in China," Sustainability, MDPI, vol. 12(19), pages 1-15, September.
    14. Wu, Yunna & Xu, Chuanbo & Zhang, Buyuan & Tao, Yao & Li, Xinying & Chu, Han & Liu, Fangtong, 2019. "Sustainability performance assessment of wind power coupling hydrogen storage projects using a hybrid evaluation technique based on interval type-2 fuzzy set," Energy, Elsevier, vol. 179(C), pages 1176-1190.
    15. Yingkai Yin & Zhihui Jiang & Yazhou Liu & Zheng Yu, 2019. "Factors Affecting Carbon Emission Trading Price: Evidence from China," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(15), pages 3433-3451, December.
    16. Han, Mengyao & Xiong, Jiao & Wang, Siyuan & Yang, Yu, 2020. "Chinese photovoltaic poverty alleviation: Geographic distribution, economic benefits and emission mitigation," Energy Policy, Elsevier, vol. 144(C).
    17. Gonzalez, Arnau & Riba, Jordi-Roger & Esteban, Bernat & Rius, Antoni, 2018. "Environmental and cost optimal design of a biomass–Wind–PV electricity generation system," Renewable Energy, Elsevier, vol. 126(C), pages 420-430.
    18. Wang, Zihan & Huang, Fubin & Liu, Jing & Shuai, Jing & Shuai, Chuanmin, 2020. "Does solar PV bring a sustainable future to the poor? -- an empirical study of anti-poverty policy effects on environmental sustainability in rural China," Energy Policy, Elsevier, vol. 145(C).
    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. Zhang, Yijie & Ma, Tao & Yang, Hongxing, 2022. "Grid-connected photovoltaic battery systems: A comprehensive review and perspectives," Applied Energy, Elsevier, vol. 328(C).
    2. Herenčić, Lin & Kirac, Mislav & Keko, Hrvoje & Kuzle, Igor & Rajšl, Ivan, 2022. "Automated energy sharing in MV and LV distribution grids within an energy community: A case for Croatian city of Križevci with a hybrid renewable system," Renewable Energy, Elsevier, vol. 191(C), pages 176-194.
    3. Wei, Changqi & Wang, Jiangjiang & Zhou, Yuan & Li, Yuxin & Liu, Weiliang, 2024. "Co-optimization of system configurations and energy scheduling of multiple community integrated energy systems to improve photovoltaic self-consumption," Renewable Energy, Elsevier, vol. 225(C).
    4. 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).
    5. Susilowati, Yuliana & Hardiyasanti, Dindamilenia Choirunnisa & Widianingrum, Sinta & Endrasari, Fitri & Djamari, Djati Wibowo & Bahar, Aditiya Harjon & Wahono, Jaya & Veza, Ibham, 2023. "Carbon credit and economic feasibility analysis of biomass-solar PV-battery power plant for application in Indonesia remote area," Renewable Energy, Elsevier, vol. 219(P1).
    6. Fei Wang & Dalin Zhang, 2022. "Effects of a Mixed Emissions Control Policy on the Manufacturer’s Production and Carbon Abatement Investment Decisions," IJERPH, MDPI, vol. 19(20), pages 1-20, October.
    7. Yang, Shenbo & Fang, Jiangpeng & Zhang, Zheyu & Lv, ShuoShuo & Lin, Hongyu & Ju, Liwei, 2024. "Two-stage coordinated optimal dispatching model and benefit allocation strategy for rural new energy microgrid," Energy, Elsevier, vol. 292(C).
    8. Jun Dong & Xihao Dou & Dongran Liu & Aruhan Bao & Dongxue Wang & Yunzhou Zhang & Peng Jiang, 2023. "Benefit Sharing of Power Transactions in Distributed Energy Systems with Multiple Participants," Sustainability, MDPI, vol. 15(11), pages 1-23, June.
    9. Wang, Yuwei & Song, Minghao & Jia, Mengyao & Shi, Lin & Li, Bingkang, 2023. "TimeGAN based distributionally robust optimization for biomass-photovoltaic-hydrogen scheduling under source-load-market uncertainties," Energy, Elsevier, vol. 284(C).
    10. Tang, Hong & Wang, Shengwei, 2022. "Multi-level optimal dispatch strategy and profit-sharing mechanism for unlocking energy flexibilities of non-residential building clusters in electricity markets of multiple flexibility services," Renewable Energy, Elsevier, vol. 201(P1), pages 35-45.
    11. Du, Sipeng & Wu, Di & Dai, Zhong & Li, Guiqiang & Lahaxibai, Shala, 2023. "Regional collaborative planning equipped with shared energy storage under multi-time scale rolling optimisation method," Energy, Elsevier, vol. 277(C).

    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. Zhang, Lihui & Li, Songrui & Hu, Yitang & Nie, Qingyun, 2022. "Economic optimization of a bioenergy-based hybrid renewable energy system under carbon policies—from the life-cycle perspective," Applied Energy, Elsevier, vol. 310(C).
    2. Zhang, Zumeng & Ding, Liping & Wang, Chaofan & Dai, Qiyao & Shi, Yin & Zhao, Yujia & Zhu, Yuxuan, 2022. "Do operation and maintenance contracts help photovoltaic poverty alleviation power stations perform better?," Energy, Elsevier, vol. 259(C).
    3. Liu, Chang & Liu, Linlin & Zhang, Dayong & Fu, Jiasha, 2021. "How does the capital market respond to policy shocks? Evidence from listed solar photovoltaic companies in China," Energy Policy, Elsevier, vol. 151(C).
    4. Li, Yunwei & Chen, Kui & Ding, Ruixin & Zhang, Jing & Hao, Yu, 2023. "How do photovoltaic poverty alleviation projects relieve household energy poverty? Evidence from China," Energy Economics, Elsevier, vol. 118(C).
    5. Li, Jiaxin & Peng, Jiachao & Shuai, Chuanmin & Wang, Zihan & Huang, Fubin & Khayyam, Muhammad, 2022. "Does the solar PV program enhance the social empowerment of China's rural poor?," Energy, Elsevier, vol. 253(C).
    6. Wang, Chaofan & Shuai, Jing & Ding, Liping & Lu, Yang & Chen, Jia, 2022. "Comprehensive benefit evaluation of solar PV projects based on multi-criteria decision grey relation projection method: Evidence from 5 counties in China," Energy, Elsevier, vol. 238(PB).
    7. Hassan, Rakibul & Das, Barun K. & Hasan, Mahmudul, 2022. "Integrated off-grid hybrid renewable energy system optimization based on economic, environmental, and social indicators for sustainable development," Energy, Elsevier, vol. 250(C).
    8. Ding, Liping & Zhang, Zumeng & Dai, Qiyao & Zhu, Yuxuan & Shi, Yin, 2023. "Alternative operational modes for Chinese PV poverty alleviation power stations: Economic impacts on stakeholders," Utilities Policy, Elsevier, vol. 82(C).
    9. Jann Michael Weinand & Maximilian Hoffmann & Jan Gopfert & Tom Terlouw & Julian Schonau & Patrick Kuckertz & Russell McKenna & Leander Kotzur & Jochen Lin{ss}en & Detlef Stolten, 2022. "Global LCOEs of decentralized off-grid renewable energy systems," Papers 2212.12742, arXiv.org, revised Mar 2023.
    10. Siying Yang & Wenxuan Sun & Zhouyi Wu & Yang He, 2022. "Can the SO2 emission trading system promote urban emission reduction?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 963-974, June.
    11. Leonarda F. C. Castro & Paulo C. M. Carvalho & João P. T. Saraiva & José Nuno Fidalgo, 2024. "Photovoltaic Projects for Multidimensional Poverty Alleviation: Bibliometric Analysis and State of the Art," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 507-522, March.
    12. Demirci, Alpaslan & Akar, Onur & Ozturk, Zafer, 2022. "Technical-environmental-economic evaluation of biomass-based hybrid power system with energy storage for rural electrification," Renewable Energy, Elsevier, vol. 195(C), pages 1202-1217.
    13. Su, Xiaoning & Liu, Pengfei & Mei, Yingdan & Chen, Jiaru, 2023. "The role of rural cooperatives in the development of rural household photovoltaics: An evolutionary game study," Energy Economics, Elsevier, vol. 126(C).
    14. He, Wei & Tao, Li & Han, Lei & Sun, Yasong & Campana, Pietro Elia & Yan, Jinyue, 2021. "Optimal analysis of a hybrid renewable power system for a remote island," Renewable Energy, Elsevier, vol. 179(C), pages 96-104.
    15. Chu Qin & Wei Zhang, 2022. "Green, poverty reduction and spatial spillover: an analysis from 21 provinces of China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(12), pages 13610-13629, December.
    16. Pal, Ankit & Ilango, G. Saravana, 2024. "Design and techno-economic analysis of an off-grid integrated PV-biogas system with a constant temperature digester for a cost-effective rural application," Energy, Elsevier, vol. 287(C).
    17. Liu, Jicheng & Sun, Jiakang & Yuan, Hanying & Su, Yihan & Feng, Shuxian & Lu, Chaoran, 2022. "Behavior analysis of photovoltaic-storage-use value chain game evolution in blockchain environment," Energy, Elsevier, vol. 260(C).
    18. Ephraim Bonah Agyekum & Usman Mehmood & Salah Kamel & Mokhtar Shouran & Elmazeg Elgamli & Tomiwa Sunday Adebayo, 2022. "Technical Performance Prediction and Employment Potential of Solar PV Systems in Cold Countries," Sustainability, MDPI, vol. 14(6), pages 1-21, March.
    19. Du, Hua & Han, Qi & de Vries, Bauke & Sun, Jun, 2024. "Community solar PV adoption in residential apartment buildings: A case study on influencing factors and incentive measures in Wuhan," Applied Energy, Elsevier, vol. 354(PA).
    20. Muhammad Bilal Ali & Syed Ali Abbas Kazmi & Abdullah Altamimi & Zafar A. Khan & Mohammed A. Alghassab, 2023. "Decarbonizing Telecommunication Sector: Techno-Economic Assessment and Optimization of PV Integration in Base Transceiver Stations in Telecom Sector Spreading across Various Geographically Regions," Energies, MDPI, vol. 16(9), pages 1-34, April.

    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:renene:v:189:y:2022:i:c:p:744-761. 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.journals.elsevier.com/renewable-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.