IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v360y2026ics0360544226015598.html

Designing and optimizing a coupled carbon-green certificate market for building cluster VPPs: A data-driven distributionally robust approach

Author

Listed:
  • Li, Jinchao
  • Jia, Xue
  • Zhang, Zeqi
  • Rao, Yiwen
  • Tan, Qinliang
  • Fan, Liguo

Abstract

This study proposes and evaluates a novel coupled carbon-green certificate market mechanism. It addresses the challenge that the environmental value of self-consumed building-integrated photovoltaics (BIPV) cannot be effectively monetized due to the restricted trading of green certificates for distributed photovoltaics. The paper first establishes the architecture of a virtual power plant (VPP) that aggregates distributed energy resources. Then, it introduces a coupled trading mechanism. This mechanism converts surplus green environmental value into carbon emission allowances, enabling participation in both markets. To address modeling challenges, this study employs high-fidelity EnergyPlus simulations to generate physics-informed load profiles. These profiles naturally capture the thermal inertia of building envelopes. Based on this, a data-driven distributionally robust optimization (DRO) model is developed. This model determines the optimal VPP dispatch strategy under uncertainty. Case studies comparing different building combination models reveal that a VPP dominated by office buildings achieves the highest unit revenue of 231.05 CNY/m2·year due to a high temporal-spatial alignment between energy generation and load. In contrast, an office–hotel mixed model demonstrates greater potential for large-scale adoption. This configuration reduces gas turbine costs by 60.8% compared to single-type commercial clusters, thereby achieving significant economic-environmental synergy. Furthermore, results indicate that the stepwise carbon-green certificate coupling mechanism effectively monetizes the environmental value of self-consumption, increasing the annual net revenue by 4.2% compared to the decoupled trading mode. Overall, this study provides a theoretical foundation and a decision-support tool for developing market-oriented, collaborative, and efficient new energy operation models for urban building clusters.

Suggested Citation

  • Li, Jinchao & Jia, Xue & Zhang, Zeqi & Rao, Yiwen & Tan, Qinliang & Fan, Liguo, 2026. "Designing and optimizing a coupled carbon-green certificate market for building cluster VPPs: A data-driven distributionally robust approach," Energy, Elsevier, vol. 360(C).
  • Handle: RePEc:eee:energy:v:360:y:2026:i:c:s0360544226015598
    DOI: 10.1016/j.energy.2026.141453
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544226015598
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.energy.2026.141453?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

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:360:y:2026:i:c:s0360544226015598. 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.