Electricity-carbon P2P Trading Strategy for Multiple Virtual Power Plants Considering CVaR and Carbon-Green Certificate Market Interaction

In order to explore VPP multi-market trading, an electricity-carbon P2P trading model for multiple VPPs considering carbon and green certificate markets interaction is proposed, and CVaR is used to quantify the risk of renewable energy uncertainty. Firstly, a VPP aggregation model including photovoltaic, wind turbine, energy storage, carbon capture units, and flexible loads is established, and a carbon-green certificate interaction mechanism is introduced. Secondly, based on asymmetric Nash bargaining, the VPP cooperative operation model is decomposed into two sub-problems: alliance cost minimization and benefit distribution. Bargaining factors are introduced to fairly distribute the surplus profits of the cooperation. Finally, a case study verifies that the proposed method can achieve electricity-carbon sharing among VPPs and improve operational economy and low carbon performance.

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Publication Details

Published
2025-04-25
DOI
https://doi.org/10.1109/ceepe64987.2025.11033738
Primary Topic
Smart Grid Energy Management
Type
article
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article

Electricity-carbon P2P Trading Strategy for Multiple Virtual Power Plants Considering CVaR and Carbon-Green Certificate Market Interaction

Zheng Ge, Qingshan Xu
Smart Grid Energy Management
article

Electricity-carbon P2P Trading Strategy for Multiple Virtual Power Plants Considering CVaR and Carbon-Green Certificate Market Interaction

Zheng Ge, Qingshan Xu
article en

Abstract

In order to explore VPP multi-market trading, an electricity-carbon P2P trading model for multiple VPPs considering carbon and green certificate markets interaction is proposed, and CVaR is used to quantify the risk of renewable energy uncertainty. Firstly, a VPP aggregation model including photovoltaic, wind turbine, energy storage, carbon capture units, and flexible loads is established, and a carbon-green certificate interaction mechanism is introduced. Secondly, based on asymmetric Nash bargaining, the VPP cooperative operation model is decomposed into two sub-problems: alliance cost minimization and benefit distribution. Bargaining factors are introduced to fairly distribute the surplus profits of the cooperation. Finally, a case study verifies that the proposed method can achieve electricity-carbon sharing among VPPs and improve operational economy and low carbon performance.

Southeast University (CN)
Openalex Percentile: Top 88%
Smart Grid Energy Management
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Electricity-carbon P2P Trading Strategy for Multiple Virtual Power Plants Considering CVaR and Carbon-Green Certificate Market Interaction — Zheng Ge, Qingshan Xu · (2025) | TGRS Research Map | TGRS