Peer-to-Peer Electricity-Carbon Coupling Trading Market Based on Multi-Agent Reinforcement Learning

With the the vigorous development of new power system, energy and carbon coupling trading has emerged as an effective way to promote the renewable generation and reduce carbon footprint. It is a challenge to design an effective market framework for joint electricity and carbon trading to achieve better strategies. This paper introduces a peer-to-peer electricity-carbon coupling trading (ECCT) market and develops a carbon-electricity virtual battery (CEVB) model to represent the relationship between dynamic carbon credits and energy consumption. The trading optimization problem is formulated as a partially observable Markov decision process, then multi-agent double soft actor-critic (MADSAC) algorithm is introduced to solve the problem. The algorithm makes the method more exploratory, protects personal privacy and solves the overestimation problems effectively. Result studies demonstrate the effectiveness of the proposed market and algorithm in optimizing total cost and reducing carbon emissions.

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Publication Details

Published
2024-11-24
DOI
https://doi.org/10.1109/ispec59716.2024.10892447
Citations
1
Primary Topic
Electric Power System Optimization
Type
article
Field-Weighted Citation Impact
0.21
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Peer-to-Peer Electricity-Carbon Coupling Trading Market Based on Multi-Agent Reinforcement Learning

Shufeng Li, Peng Wang, Xiuli Zhu, Ning Li et al.
1 citations
Electric Power System Optimization
0.21
article

Peer-to-Peer Electricity-Carbon Coupling Trading Market Based on Multi-Agent Reinforcement Learning

Shufeng Li, Peng Wang, Xiuli Zhu, Ning Li, Weiwu Yan
article en
1 citations

Abstract

With the the vigorous development of new power system, energy and carbon coupling trading has emerged as an effective way to promote the renewable generation and reduce carbon footprint. It is a challenge to design an effective market framework for joint electricity and carbon trading to achieve better strategies. This paper introduces a peer-to-peer electricity-carbon coupling trading (ECCT) market and develops a carbon-electricity virtual battery (CEVB) model to represent the relationship between dynamic carbon credits and energy consumption. The trading optimization problem is formulated as a partially observable Markov decision process, then multi-agent double soft actor-critic (MADSAC) algorithm is introduced to solve the problem. The algorithm makes the method more exploratory, protects personal privacy and solves the overestimation problems effectively. Result studies demonstrate the effectiveness of the proposed market and algorithm in optimizing total cost and reducing carbon emissions.

University of Shanghai for Science and Technology (CN), Shanghai Jiao Tong University (CN)
Openalex Percentile: Top 43%
Electric Power System Optimization
0.21
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