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An energy trading system with consideration of CO 2 emissions
Author(s) -
Miyamoto Toshiyuki,
Kitayama Tomohiro,
Kumagai Sadatoshi,
Mori Kazuyuki,
Kitamura Syoichi,
Shindo Seiichi
Publication year - 2008
Publication title -
electrical engineering in japan
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.136
H-Index - 28
eISSN - 1520-6416
pISSN - 0424-7760
DOI - 10.1002/eej.20418
Subject(s) - order (exchange) , emissions trading , plan (archaeology) , energy market , operations research , environmental economics , energy (signal processing) , computer science , business , engineering , economics , electrical engineering , finance , greenhouse gas , renewable energy , mathematics , history , ecology , statistics , archaeology , biology
Abatement of CO 2 emission is one of the most important issues in the 21st century regarding preservation of the earth environment. This paper addresses a utility operations planning problem for distributed energy management systems (DEMSs), where we are to obtain optimal plans that minimize both costs and CO 2 emissions. A DEMS consists of multiple entities that seek their own economic profits. In this paper, we give a mathematical formulation of the utility operations planning problem for each entity, and propose an energy trading market, which utlizes a multi‐attribute auction protocol in order to deal with both a price and a CO 2 emission rate. Experimental results show that collaboration among entities through the market provides a more profitable plan for each entity and abatement of CO 2 emission is also achieved. © 2007 Wiley Periodicals, Inc. Electr Eng Jpn, 162(4): 54–63, 2008; Published online in Wiley InterScience ( www.interscience.wiley. com ). DOI 10.1002/eej.20418