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电 -碳 耦 合 市 场 的 推 测 变 差 均 衡

Translated title of the contribution: Conjectural Variation Equilibrium in Electricity-Carbon Coupling Markets
  • Xi'an Jiaotong University
  • Cardiff University

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

With the application of the carbon-emission cap-and-trade mechanism, electricity producers have coupled the electricity market and carbon-emission market, which operate independently, due to their electricity production functions and carbon-emission characteristics. First, in order to show how each market agent in electricity-carbon coupling markets exercises market power and influences market prices in an oligopolistic environment, the conjectural variation coefficient is used to describe its strategic behavior, and a conjectural variation equilibrium model for electricity-carbon coupling markets is established. Then, starting from the definition, it is proved that the essence of the carbon-emission price in the market equilibrium solution is the dual multiplier of the carbon-emission cap balance constraint, reflecting its volatility characteristics determined by the supply and demand of carbon-emission cap. Finally, numerical results from different scenarios in the IEEE 9-bus test system are compared to demonstrate the impact of factors such as transmission line congestion, market competition modes, generation cost, and carbon-emission cap on the market equilibrium. And the incentive effect of the carbon-emission cap-and-trade mechanism on the renewable energy generation and its control effect on total carbon emissions are illustrated taking the actual Gansu power system in China as an example.

Translated title of the contributionConjectural Variation Equilibrium in Electricity-Carbon Coupling Markets
Original languageChinese (Traditional)
Pages (from-to)33-46
Number of pages14
JournalDianli Xitong Zidonghua/Automation of Electric Power Systems
Volume49
Issue number6
DOIs
StatePublished - 25 Mar 2025

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy

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