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The rapid development of low-carbon energy technologies and energy storage technologies has provided an important and feasible path to decarbonizing the power system. In this context, there is an increasing number of studies on renewable energy, carbon capture, utilization and storage (CCUS) and energy storage expansion planning. However, most of the existing studies attribute the carbon responsibilities to the source side and a small number to the load side. Expansion planning studies that consider the overall carbon emissions of the system to be shared between the source and the load side are still relatively few. Therefore, it is necessary for the source and the load side to share the responsibility for the total system carbon emissions. To fill this research gap, this paper proposes a source-load bilateral carbon incentive mechanism for wind-CCUS-battery power systems based on the carbon emission flow theory. Besides, a bi-layer wind-CCUS-battery expansion stochastic planning framework considering wind and load uncertainties is constructed. The first layer takes the minimum expectation of power generation costs, fixed investment costs of wind turbines and CCUS units and carbon incentive costs as the objective function from a source-side perspective. The second layer takes the minimum battery investment cost and the expectation of electricity purchasing costs and load-side carbon incentive costs as the objective function from a load-side perspective. Finally, the proposed model is tested on the IEEE 24 bus power system for validity and advantage. The results show that the current high investment cost is not favorable to CCUS construction. At this time, the bilateral carbon incentive mechanism is more conducive to promoting system carbon reduction than the unilateral carbon incentive mechanism. In the future, as the cost of CCUS decreases, the source-side carbon incentive mechanism is more conducive to system carbon reduction than the bilateral carbon incentive mechanism. Due to the consideration of the stochastic uncertainty of wind turbines and loads, the research in this paper is closer to the reality, which can provide a reference for the future carbon emission reduction path of the power system, especially for the quantitative analysis of carbon emission reduction of CCUS, which is an important guiding significance for the promotion of the engineering practice of CCUS. [ABSTRACT FROM AUTHOR]

Renewable energy and energy storage are essential technologies for decarbonizing energy systems. Expansion planning of the two technologies considering source‐side carbon responsibility has been well studied. However, expansion planning considering both source‐side and load‐side carbon responsibility, which may simultaneously stimulate the carbon reduction potential of source and load, has been rarely studied. To fill this research gap, this paper proposes a bi‐layer wind turbine generator (WTG) and demand‐side battery (DSB) coordinated planning framework considering wind power and load uncertainties. Moreover, a novel source‐load bilateral carbon trading (BCT) mechanism based on the Aumann–Shapley method is proposed to stimulate the WTG and DSB configuration. In the bi‐layer planning framework with BCT mechanism, WTG and DSB capacity planning with the two‐stage stochastic optimization are conducted in the upper and lower layer, respectively. Finally, test results on a modified IEEE 24‐bus system demonstrate that the proposed framework with BCT mechanism can effectively motivate the planning configuration of WTG and DSB and carbon mitigation. Compared with the models with unilateral carbon trading mechanisms, the proposed model has advantages in stimulating configuration of WTG and DSB, reducing carbon emissions, and balancing source‐load economic burden from carbon trading. [ABSTRACT FROM AUTHOR]

Introducing carbon trading is an essential way to decarbonize the power system. Many existing studies mainly consider source-side unilateral carbon trading (UCT). However, there are still rare studies considering source-load bilateral carbon trading (BCT). The effect of source-load BCT on system-wide carbon mitigation is worth studying. To fill this research gap, a hierarchical low-carbon economic-dispatch model with source-load BCT based on the Aumann–Shapley method was proposed. In the first layer, economic-dispatch was conducted to minimize the power-generation costs and source-side carbon-trading costs. Then, based on the carbon-emission flow (CEF) theory, the actual load carbon emissions can be obtained and passed to the second layer. At the second layer, the demand-response optimization was performed to minimize the load-side carbon-trading costs. Finally, the proposed model was tested on the modified New England 39-bus and IEEE 118-bus systems using the MATLAB/YALMIP platform with the Gurobi solver. The results indicate that the proposed model can effectively facilitate peak-load shifting, wind-power consumption, and carbon mitigation. Furthermore, compared with the models only considering source-side or load-side UCT, the proposed source-load BCT model has obvious advantages in carbon mitigation. [ABSTRACT FROM AUTHOR]

The development of emerging technologies has enhanced the demand response (DR) capability of conventional loads. To study the effect of DR on the reduction in carbon emissions in an integrated energy system (IES), a two-stage low-carbon economic dispatch model based on the carbon emission flow (CEF) theory was proposed in this study. In the first stage, the energy supply cost was taken as the objective function for economic dispatch, and the actual carbon emissions of each energy hub (EH) were calculated based on the CEF theory. In the second stage, a low-carbon DR optimization was performed with the objective function of the load-side carbon trading cost. Then, based on the modified IEEE 39-bus power system/Belgian 20-node natural gas system, MATLAB/Gurobi was used for the simulation analysis in three scenarios. The results showed that the proposed model could effectively promote the system to reduce the load peak-to-valley difference, enhance the ability to consume wind power, and reduce the carbon emissions and carbon trading cost. Furthermore, as the wind power penetration rate increased from 20% to 80%, the carbon reduction effect basically remained stable. Therefore, with the growth of renewable energy, the proposed model can still effectively reduce carbon emissions. [ABSTRACT FROM AUTHOR]