A Multimarket Decision-Making Framework for GENCO Considering Emission Trading Scheme

Xu Ran Li,C W Yu,Zhao Xu,F J Luo,Zhao Yang Dong,K P Wong

Power Systems, IEEE Transactions（2013）

引用 31|浏览8

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摘要

In a multimarket environment, a GENCO produces electricity subject to a number of factors, including physical and environmental constraints, together with trading strategies in the electricity market (EM), fuel market (FM) and carbon market (CM). To assist a GENCO to maximize its profits from EM, FM and CM, this paper proposes a dynamic decision making model with two consecutive stages. Fuzzy differential evolution algorithm is used to solve this decision-making problem. Taking transactions in the three interactive markets into account, the proposed model has been tested for a GENCO consisting of seven thermal units and a wind farm. A rational tradeoff between the profit-making and emission reduction has been demonstrated by the GENCO using the proposed model, indicating a well alignment with the intended goal of the introducing emission trading scheme (ETS).

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关键词

air pollution control,decision making,fuzzy set theory,power markets,thermal power stations,wind power plants,genco,carbon market,decision-making problem,dynamic decision making model,electricity market,emission reduction,emission trading scheme,environmental constraints,fuel market,interactive markets,multimarket decision-making framework,multimarket environment,physical constraints,rational tradeoff,thermal units,trading strategies,wind farm,emission trading schemes,fuzzy differential evolution,wind power

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