Economic dispatch of power system containing wind power and photovoltaic considering carbon trading and spare capacity variation

ABSTRACT

The drying up of the fossil energy sources and the damage from unchecked carbon emissions demand the development of low carbon economy, which promotes the development of new energy sources, such as wind power and photovoltaic. However, the direct connections of wind/photovoltaic power into power grid bring great impacts on power systems, thus affecting the security and stability of power system operations, which challenges the power system dispatching. In despite of many methods for power system dispatch, lack of the models, for power system containing wind power and photovoltaic considering carbon trading and spare capacity variation (PSCWPCCTSCV), restricts the further optimal operations of power systems. This paper studies the economic dispatch modeling problem of power system containing wind power and photovoltaic, establishes the model of economic dispatch of PSCWPCCTSCV. On this basis, adaptive immune genetic algorithm is applied to conduct the economic operation optimization, which can provide the optimal carbon trading price and the optimal power distribution coefficient. Finally, simulations based on the newly proposed models are made to illustrate the economic dispatch of PSCWPCCTSCV. The results show that optimization with the proposed model can not only weaken the volatility of the new energy effectively, but also reduce carbon emissions and reduce power generation costs.

KEYWORDS:

• Wind power
• photovoltaic
• carbon trading
• spare capacity
• power system
• economic dispatch

Additional information

Funding

The financial support for this research project from the National Natural Science Foundation of China (Grant No. 51377099) is gratefully acknowledged, and is also supported by Shandong Provincial Science and Technology Development Plan (No. 2014GGX101001).