IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i20p11341-d655806.html
   My bibliography  Save this article

A Short-Term Hybrid Energy System Robust Optimization Model for Regional Electric-Power Capacity Development Planning under Different Pollutant Control Pressures

Author

Listed:
  • Jixian Cui

    (Guangdong Provincial Academy of Environmental Science, Guangzhou 510045, China
    Guangdong-Hongkong-Macau Joint Laboratory of Collaborative Innovation for Environmental Quality, Guangzhou 510045, China)

  • Chenghao Liao

    (Guangdong Provincial Academy of Environmental Science, Guangzhou 510045, China
    Guangdong-Hongkong-Macau Joint Laboratory of Collaborative Innovation for Environmental Quality, Guangzhou 510045, China)

  • Ling Ji

    (School of Economics and Management, Beijing University of Technology, Beijing 100124, China)

  • Yulei Xie

    (Key Laboratory for City Cluster Environmental Safety and Green Development of the Ministry of Education, Institute of Environmental and Ecological Engineering, Guangdong University of Technology, Guangzhou 510006, China)

  • Yangping Yu

    (Key Laboratory for City Cluster Environmental Safety and Green Development of the Ministry of Education, Institute of Environmental and Ecological Engineering, Guangdong University of Technology, Guangzhou 510006, China)

  • Jianguang Yin

    (State Grid Shandong Electric Power Research institute, Jinan 250000, China)

Abstract

This paper is aimed at proposing a short-term hybrid energy system robust optimization model for regional energy system planning and air pollution mitigation based on the inexact multi-stage stochastic integer programming and conditional value-at-risk method through a case study in Shandong Province, China. Six power conversion technologies (i.e., coal-fired power, hydropower, photovoltaic power, wind power, biomass power, and nuclear power) and power demand sectors (agriculture, industry, building industry, transportation, business, and residential department) were considered in the proposed model. The optimized electricity generation, capacity expansion schemes, and economic risks were selected to analyze nine defined scenarios. Results revealed that electricity generations of clean and new power had obvious increasing risks and were key considerations of establishing additional capacities to meet the rising social demands. Moreover, the levels of pollutants mitigation and risk-aversion had a significant influence on different power generation schemes and on the total system cost. In addition, the optimization method developed in this paper could effectively address uncertainties expressed as probability distributions and interval values, and could avoid the system risk in energy system planning problems. The proposed optimization model could be valuable for supporting the adjustment or justification of air pollution mitigation management and electric power planning schemes in Shandong, as well as in other regions of China.

Suggested Citation

  • Jixian Cui & Chenghao Liao & Ling Ji & Yulei Xie & Yangping Yu & Jianguang Yin, 2021. "A Short-Term Hybrid Energy System Robust Optimization Model for Regional Electric-Power Capacity Development Planning under Different Pollutant Control Pressures," Sustainability, MDPI, vol. 13(20), pages 1-20, October.
  • Handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11341-:d:655806
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/20/11341/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/13/20/11341/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zhu, H. & Huang, W.W. & Huang, G.H., 2014. "Planning of regional energy systems: An inexact mixed-integer fractional programming model," Applied Energy, Elsevier, vol. 113(C), pages 500-514.
    2. Wu, C.B. & Guan, P.B. & Zhong, L.N. & Lv, J. & Hu, X.F. & Huang, G.H. & Li, C.C., 2020. "An optimized low-carbon production planning model for power industry in coal-dependent regions - A case study of Shandong, China," Energy, Elsevier, vol. 192(C).
    3. Yin, J.N. & Huang, G.H. & Xie, Y.L. & An, Y.K., 2021. "Carbon-subsidized inter-regional electric power system planning under cost-risk tradeoff and uncertainty: A case study of Inner Mongolia, China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    4. Zhang, Yaru & Ma, Tieju & Guo, Fei, 2018. "A multi-regional energy transport and structure model for China’s electricity system," Energy, Elsevier, vol. 161(C), pages 907-919.
    5. Ji, L. & Niu, D.X. & Huang, G.H., 2014. "An inexact two-stage stochastic robust programming for residential micro-grid management-based on random demand," Energy, Elsevier, vol. 67(C), pages 186-199.
    6. Yu, Jiah & Ryu, Jun-Hyung & Lee, In-beum, 2019. "A stochastic optimization approach to the design and operation planning of a hybrid renewable energy system," Applied Energy, Elsevier, vol. 247(C), pages 212-220.
    7. Zhang, Yiyi & Wang, Jiaqi & Zhang, Linmei & Liu, Jiefeng & Zheng, Hanbo & Fang, Jiake & Hou, Shengren & Chen, Shaoqing, 2020. "Optimization of China’s electric power sector targeting water stress and carbon emissions," Applied Energy, Elsevier, vol. 271(C).
    8. Yulei Xie & Zhenghui Fu & Dehong Xia & Wentao Lu & Guohe Huang & Han Wang, 2019. "Integrated Planning for Regional Electric Power System Management with Risk Measure and Carbon Emission Constraints: A Case Study of the Xinjiang Uygur Autonomous Region, China," Energies, MDPI, vol. 12(4), pages 1-14, February.
    9. Lei, Yang & Wang, Dan & Jia, Hongjie & Li, Jiaxi & Chen, Jingcheng & Li, Jingru & Yang, Zhihong, 2021. "Multi-stage stochastic planning of regional integrated energy system based on scenario tree path optimization under long-term multiple uncertainties," Applied Energy, Elsevier, vol. 300(C).
    10. Wang, Xue-Chao & Klemeš, Jiří Jaromír & Dong, Xiaobin & Fan, Weiguo & Xu, Zihan & Wang, Yutao & Varbanov, Petar Sabev, 2019. "Air pollution terrain nexus: A review considering energy generation and consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 105(C), pages 71-85.
    11. Li, Tianxiao & Li, Zheng & Li, Weiqi, 2020. "Scenarios analysis on the cross-region integrating of renewable power based on a long-period cost-optimization power planning model," Renewable Energy, Elsevier, vol. 156(C), pages 851-863.
    12. Wu, Xiong & Zhao, Wencheng & Li, Haoyu & Liu, Bingwen & Zhang, Ziyu & Wang, Xiuli, 2021. "Multi-stage stochastic programming based offering strategy for hydrogen fueling station in joint energy, reserve markets," Renewable Energy, Elsevier, vol. 180(C), pages 605-615.
    13. Mondal, Md Alam Hossain & Ringler, Claudia, 2020. "Long-term optimization of regional power sector development: Potential for cooperation in the Eastern Nile region?," Energy, Elsevier, vol. 201(C).
    14. Karmellos, M. & Georgiou, P.N. & Mavrotas, G., 2019. "A comparison of methods for the optimal design of Distributed Energy Systems under uncertainty," Energy, Elsevier, vol. 178(C), pages 318-333.
    15. Boffino, Luigi & Conejo, Antonio J. & Sioshansi, Ramteen & Oggioni, Giorgia, 2019. "A two-stage stochastic optimization planning framework to decarbonize deeply electric power systems," Energy Economics, Elsevier, vol. 84(C).
    16. Chai, Shanglei & Zhou, P., 2018. "The Minimum-CVaR strategy with semi-parametric estimation in carbon market hedging problems," Energy Economics, Elsevier, vol. 76(C), pages 64-75.
    17. Dong, C. & Huang, G.H. & Cai, Y.P. & Liu, Y., 2012. "An inexact optimization modeling approach for supporting energy systems planning and air pollution mitigation in Beijing city," Energy, Elsevier, vol. 37(1), pages 673-688.
    18. Rockafellar, R. Tyrrell & Uryasev, Stanislav, 2002. "Conditional value-at-risk for general loss distributions," Journal of Banking & Finance, Elsevier, vol. 26(7), pages 1443-1471, July.
    Full references (including those not matched with items on IDEAS)

    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. Kang, Jidong & Wu, Zhuochun & Ng, Tsan Sheng & Su, Bin, 2023. "A stochastic-robust optimization model for inter-regional power system planning," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1234-1248.
    2. Yuanyuan He & Luxin Wan & Manli Zhang & Huijuan Zhao, 2022. "Regional Renewable Energy Installation Optimization Strategies with Renewable Portfolio Standards in China," Sustainability, MDPI, vol. 14(17), pages 1-18, August.
    3. Zhang, Xiaoyue & Huang, Guohe & Liu, Lirong & Li, Kailong, 2022. "Development of a stochastic multistage lifecycle programming model for electric power system planning – A case study for the Province of Saskatchewan, Canada," Renewable and Sustainable Energy Reviews, Elsevier, vol. 158(C).
    4. Wang, Ni & Verzijlbergh, Remco A. & Heijnen, Petra W. & Herder, Paulien M., 2023. "Incorporating indirect costs into energy system optimization models: Application to the Dutch national program Regional Energy Strategies," Energy, Elsevier, vol. 276(C).
    5. Janczura, Joanna & Wójcik, Edyta, 2022. "Dynamic short-term risk management strategies for the choice of electricity market based on probabilistic forecasts of profit and risk measures. The German and the Polish market case study," Energy Economics, Elsevier, vol. 110(C).
    6. Niu, Jide & Li, Xiaoyuan & Tian, Zhe & Yang, Hongxing, 2023. "A framework for quantifying the value of information to mitigate risk in the optimal design of distributed energy systems under uncertainty," Applied Energy, Elsevier, vol. 350(C).
    7. Su, Kuangxi & Yao, Yinhong & Zheng, Chengli & Xie, Wenzhao, 2023. "A novel hybrid strategy for crude oil future hedging based on the combination of three minimum-CVaR models," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 35-50.
    8. Zhu, Y. & Wei, Z. & Li, Y.X. & Du, H.X. & Guo, Y., 2022. "Energy and atmosphere system planning of coal-dependent cities based on an interval minimax-regret coupled joint-probabilistic cost-benefit approach," Energy, Elsevier, vol. 239(PB).
    9. Mutran, Victoria M. & Ribeiro, Celma O. & Nascimento, Claudio A.O. & Chachuat, Benoît, 2020. "Risk-conscious optimization model to support bioenergy investments in the Brazilian sugarcane industry," Applied Energy, Elsevier, vol. 258(C).
    10. Cui, Xueting & Zhu, Shushang & Sun, Xiaoling & Li, Duan, 2013. "Nonlinear portfolio selection using approximate parametric Value-at-Risk," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 2124-2139.
    11. Zhi Chen & Melvyn Sim & Huan Xu, 2019. "Distributionally Robust Optimization with Infinitely Constrained Ambiguity Sets," Operations Research, INFORMS, vol. 67(5), pages 1328-1344, September.
    12. Dominique Guégan & Wayne Tarrant, 2012. "On the necessity of five risk measures," Annals of Finance, Springer, vol. 8(4), pages 533-552, November.
    13. Feng, Zhong-kai & Niu, Wen-jing & Wang, Wen-chuan & Zhou, Jian-zhong & Cheng, Chun-tian, 2019. "A mixed integer linear programming model for unit commitment of thermal plants with peak shaving operation aspect in regional power grid lack of flexible hydropower energy," Energy, Elsevier, vol. 175(C), pages 618-629.
    14. Maciej Dzikuć & Joanna Wyrobek & Łukasz Popławski, 2021. "Economic Determinants of Low-Carbon Development in the Visegrad Group Countries," Energies, MDPI, vol. 14(13), pages 1-12, June.
    15. Ostadzad, Ali Hossein, 2022. "Innovation and carbon emissions: Fixed-effects panel threshold model estimation for renewable energy," Renewable Energy, Elsevier, vol. 198(C), pages 602-617.
    16. Giovanni Masala & Filippo Petroni, 2023. "Drawdown risk measures for asset portfolios with high frequency data," Annals of Finance, Springer, vol. 19(2), pages 265-289, June.
    17. Ke Zhou & Jiangjun Gao & Duan Li & Xiangyu Cui, 2017. "Dynamic mean–VaR portfolio selection in continuous time," Quantitative Finance, Taylor & Francis Journals, vol. 17(10), pages 1631-1643, October.
    18. Malavasi, Matteo & Ortobelli Lozza, Sergio & Trück, Stefan, 2021. "Second order of stochastic dominance efficiency vs mean variance efficiency," European Journal of Operational Research, Elsevier, vol. 290(3), pages 1192-1206.
    19. Rostagno, Luciano Martin, 2005. "Empirical tests of parametric and non-parametric Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR) measures for the Brazilian stock market index," ISU General Staff Papers 2005010108000021878, Iowa State University, Department of Economics.
    20. Alois Pichler, 2013. "Premiums And Reserves, Adjusted By Distortions," Papers 1304.0490, arXiv.org.

    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:gam:jsusta:v:13:y:2021:i:20:p:11341-:d:655806. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.