Economic dispatch model considering policy-guided carbon trading mechanisms

Author

Yuqian Song ; Jin Zhong ; Jianing Liu ; Puming Li

Author_Institution

Dept. of Electr. & Electron. Eng., Univ. of Hong Kong, Hong Kong, China

fYear

2013

fDate

16-20 June 2013

Firstpage

1

Lastpage

6

Abstract

Climate change has become one of the most serious problems nowadays. Electric power industry, as a major emitter of greenhouse gas CO₂, has been demanded to develop in an environmental friendly way. This paper presents economic dispatch model considering carbon reduction policies, as well as basic data analysis to determine the impact of policy-guided carbon emission reduction strategies on power system operation and dispatch. Carbon reduction mechanisms are simulated and discussed in different case studies. By analyzing the effect of different carbon reduction policies, this model can be used to help regulators with decision making and system operators with economical and environmental operation.

Keywords

carbon compounds; decision making; environmental economics; pollution control; power generation dispatch; CO₂; carbon reduction policy; climate change; decision making; economic dispatch model; economical operation; electric power industry; environmental operation; greenhouse gas; policy-guided carbon trading mechanisms; power system dispatch; power system operation; Carbon dioxide; Generators; Power generation; Power markets; Power systems; Schedules; Carbon emission; carbon trading; economic dispatch; energy policy; optimal power flow; power system operation;

fLanguage

English

Publisher

ieee

Conference_Titel

PowerTech (POWERTECH), 2013 IEEE Grenoble

Conference_Location

Grenoble

Type

conf

DOI

10.1109/PTC.2013.6652438

Filename

6652438