Capacity Optimization of Integrated Energy Systems Considering Carbon-Green Certificate Trading and Electricity Price Fluctuations

In order to study the impacts of the carbon-green certificate trading mechanism and the fluctuation of feed-in tariffs on the low-carbon and economic aspects of the investment and operation of the integrated energy system, and to transform the system carbon emission into a low-carbon economic indicator, a two-layer capacity optimization allocation model is established with the objectives of the investment, operation, and maintenance cost and the operation cost, respectively. For the source-load uncertainty, the scenario reduction theory based on Monte Carlo simulation and Wasserstein distance is used to obtain the per-unit value of wind and photovoltaic output, and the K-means clustering method is used to obtain the typical day of electric-heat-cold multi-energy load. Based on the geometric Brownian motion in finance to simulate the feed-in tariffs under different volatilities, the multidimensional analysis scenarios are constructed according to different combinations of carbon emission reduction policies and tariff volatilities. The model is solved using the non-dominated sorting genetic algorithm (NSGA-II) with mixed integer linear programming (MILP) method. Case study results show that under the optimal scenario considering policy interaction and price volatility (δ = 1.0), the total annual operating cost is reduced by approximately 17.9% (from 2.80 million CNY to 2.30 million CNY) compared to the baseline with no carbon policy. The levelized cost of the energy system reaches 0.2042 CNY/kWh, and carbon-green certificate trading synergies contribute about 70% of the operational cost reduction. The findings demonstrate that carbon reduction policies and electricity price volatility significantly affect system configuration and operational economy, providing a new perspective and decision-making basis for integrated energy system planning.

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Journal
Processes
Published
2025-12-31
DOI
https://doi.org/10.3390/pr14010142
Primary Topic
Integrated Energy Systems Optimization
Type
article
Field-Weighted Citation Impact
0.00

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article

Capacity Optimization of Integrated Energy Systems Considering Carbon-Green Certificate Trading and Electricity Price Fluctuations

Gang Wu, Xin Zou, Yapeng Dai, Tiannan Ma et al.
Processes
Integrated Energy Systems Optimization
article

Capacity Optimization of Integrated Energy Systems Considering Carbon-Green Certificate Trading and Electricity Price Fluctuations

Gang Wu, Xin Zou, Yapeng Dai, Tiannan Ma, Bin Su, Hao Luo
article en

Abstract

In order to study the impacts of the carbon-green certificate trading mechanism and the fluctuation of feed-in tariffs on the low-carbon and economic aspects of the investment and operation of the integrated energy system, and to transform the system carbon emission into a low-carbon economic indicator, a two-layer capacity optimization allocation model is established with the objectives of the investment, operation, and maintenance cost and the operation cost, respectively. For the source-load uncertainty, the scenario reduction theory based on Monte Carlo simulation and Wasserstein distance is used to obtain the per-unit value of wind and photovoltaic output, and the K-means clustering method is used to obtain the typical day of electric-heat-cold multi-energy load. Based on the geometric Brownian motion in finance to simulate the feed-in tariffs under different volatilities, the multidimensional analysis scenarios are constructed according to different combinations of carbon emission reduction policies and tariff volatilities. The model is solved using the non-dominated sorting genetic algorithm (NSGA-II) with mixed integer linear programming (MILP) method. Case study results show that under the optimal scenario considering policy interaction and price volatility (δ = 1.0), the total annual operating cost is reduced by approximately 17.9% (from 2.80 million CNY to 2.30 million CNY) compared to the baseline with no carbon policy. The levelized cost of the energy system reaches 0.2042 CNY/kWh, and carbon-green certificate trading synergies contribute about 70% of the operational cost reduction. The findings demonstrate that carbon reduction policies and electricity price volatility significantly affect system configuration and operational economy, providing a new perspective and decision-making basis for integrated energy system planning.

ProcessesVol. 14(1)
North China Electric Power University (CN)
Science and Technology Project of State Grid
Affordable and clean energy
Openalex Percentile: Top 40%
Integrated Energy Systems Optimization
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