Dynamic Economic Dispatch Incorporating Wind Power Generation with Carbon Trading
This paper proposed an issue aiming at the goal of pierces the relationship between the emission trading scheme and dynamic economic dispatch (DED) problem for the electricity utility. A model of the CO2 emission trading market will be introduced into DED problem incorporating wind power plants and independent power providers (IPPs). The CO2 emission trading is treated as the inner-cost, and the superfluous CO2 quotas will be resale into the market, whereas the shortage quotas should be purchased from the market. The accelerated particle swarm optimization (APSO) algorithm, which avoid prematurity convergence of the original PSO and improve searching efficiency, is introduced to determine the DED strategy of the utility with incorporation of renewable power generation and contribution of IPPs.
KeywordsDynamic economic dispatch CO2 emission Independent power providers Particle swarm optimization
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