Journal
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
Volume 110, Issue -, Pages 184-196Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.ijepes.2019.03.004
Keywords
Dynamic economic and emission dispatch; Electricity Market Reform; Carbon price
Categories
Funding
- Engineering and Physical Sciences Research Council [1092453, 1269327] Funding Source: researchfish
- The British Council [261749278] Funding Source: researchfish
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With the increasing issues in the environmental and the high requirement for energy, the Energy Market Reform (EMR) was introduced by the UK government. This paper develops a novel Dynamic Economic and Emission Dispatch (DEED) model for a combined conventional and wind power system incorporating the carbon price floor (CPF) and the Emission Performance Standard (EPS) that is supported by the EMR. The proposed model aims to determine the optimal operation strategy for the given system on power dispatch taking into account wind power waste and reserve and also the environmental aspect, especially the CPF of greenhouse gases and the emission limit of the EPS for different decarbonisation scenarios. Case studies for the demand profile in the Sheffield region in the UK with different time intervals is presented. The results indicate that renewable power is superior in both the economics and emissions to a mid to long-term energy strategy in the UK.
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