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Stochastic optimal scheduling strategy of cross-regional carbon emissions trading and green certificate trading market based on Stackelberg game

Author

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  • Yan, Sizhe
  • Wang, Weiqing
  • Li, Xiaozhu
  • Lv, Haipeng
  • Fan, Tianyuan
  • Aikepaer, Sumaiya

Abstract

Under the urgent goal of "carbon peaking and carbon neutralization" in China and based on the distribution characteristics of renewable energy, it is essential to promote the large-scale consumption of renewable energy and increase the proportion of large-scale renewable energy in market transactions. Therefore, a stochastic optimal scheduling model that combines the Stackelberg game, cross-regional carbon emissions trading, and tradable green certificate transaction to consider the uncertainty of renewable energy power generation is proposed. To encourage more market participants to participate in the tradable green certificate trading, the model uses Stackelberg game theory to analyze the complex interest relationship between different market participants and obtain a scheduling scheme that balances the interests of different participants. To give full play to the role of the trading mechanism on the cross-regional system, the tradable green certificate trading mechanism and the carbon emission trading mechanism are combined to optimize the overall allocation of green certificates and carbon emission rights, to stimulate renewable energy generation, limit the carbon emission of traditional thermal power units and promote energy conversion. Finally, the modified IEEE 39-bus system and Hami power grid (in Western China) are used as examples to illustrate the feasibility and effectiveness of the proposed scheduling model. The results show that the proposed strategy improves the cross-regional system economy and reduces emissions, fully reflects the monetary value of the external characteristics of renewable energy, guides renewable energy investment and power grid planning, and promotes the consumption of renewable energy.

Suggested Citation

  • Yan, Sizhe & Wang, Weiqing & Li, Xiaozhu & Lv, Haipeng & Fan, Tianyuan & Aikepaer, Sumaiya, 2023. "Stochastic optimal scheduling strategy of cross-regional carbon emissions trading and green certificate trading market based on Stackelberg game," Renewable Energy, Elsevier, vol. 219(P1).
    • Handle: RePEc:eee:renene:v:219:y:2023:i:p1:s0960148123011837
    DOI: 10.1016/j.renene.2023.119268
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    2. Wang, L.L. & Xian, R.C. & Jiao, P.H. & Chen, J.J. & Chen, Y. & Liu, H.G., 2024. "Multi-timescale optimization of integrated energy system with diversified utilization of hydrogen energy under the coupling of green certificate and carbon trading," Renewable Energy, Elsevier, vol. 228(C).
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