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Peer-to-peer joint electricity and carbon trading model for urban virtual power plants considering the cooperative behavior of prosumers

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  • Zhou, Kaile
  • Ma, Chaojie
  • Chu, Yibo

Abstract

Peer-to-peer (P2P) joint electricity and carbon trading can better satisfy the electricity and carbon trading needs of prosumers in urban virtual power plants (VPPs), and promote the consumption of renewable energy. Nevertheless, the variety of electricity and carbon demands among prosumers, and the complexity of cooperative behaviors among different prosumers, have created challenges for P2P joint electricity and carbon trading. Hence, this study proposes a P2P joint electricity and carbon trading model for urban VPPs considering the cooperative behavior of prosumers. First, to better develop of cooperative advantages of prosumers and promote the integration of electricity and carbon markets, this study proposes a trading coalition division method based on the cooperative behavior of prosumers. Second, to formulate a low-carbon and cost-efficient trading strategy for prosumers, a non-cooperative game model considering carbon emission and green certificate trading is proposed. Finally, a residual equilibrium method is developed for VPPs, integrated with the continuous double auction mechanism, to mitigate the impact of renewable energy uncertainty on the stable operation of P2P joint electricity and carbon trading. The experimental results show that the proposed model reduces the overall electricity and carbon trading costs while lowering carbon emissions.

Suggested Citation

  • Zhou, Kaile & Ma, Chaojie & Chu, Yibo, 2025. "Peer-to-peer joint electricity and carbon trading model for urban virtual power plants considering the cooperative behavior of prosumers," Renewable Energy, Elsevier, vol. 255(C).
    • Handle: RePEc:eee:renene:v:255:y:2025:i:c:s0960148125014703
    DOI: 10.1016/j.renene.2025.123806
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