Edge-Side Electricity-Carbon Coordinated Hybrid Trading Mechanism for Microgrid Cluster Flexibility

High penetration of renewable energy sources (RES) in power systems introduces substantial source-load uncertainty and flexibility challenges, leading to misalignments between economic optimization and environmental sustainability. An edge-side electricity-carbon coordinated hybrid trading mechanism was proposed to enhance flexibility in microgrid clusters. A three-layer time-varying carbon emission factor (CEF) model is developed to quantify negative emissions as tradable Chinese Certified Emission Reductions (CCERs). An endogenous economic equilibrium point enables dynamic switching between Incentive-Based Demand Response during high-carbon periods and Price-Based Demand Response during low-carbon periods, based on marginal profit comparisons. A Wasserstein distance-based distributionally robust CVaR (WDR-CVaR) strategy constructs a data-driven ambiguity set to optimize decisions under worst-case distributional shifts in edge-side data. Simulations on a modified IEEE 33-bus system show that the mechanism increases the Multi-Energy Aggregator’s (MEA) expected profit by 12.3%, reduces carbon emissions by 17.6%, with WDR-CVaR demonstrating superior out-of-sample performance compared to sample average approximation methods. The approach internalizes environmental values through carbon-electricity coupling and edge intelligence, providing a resilient framework for low-carbon distribution network operations.