Trade-off analysis of CO2 versus cost by multi-objective unit commitment

D. Yamashita, T. Niimura, R. Yokoyama, M. Marmiroli

Research output: Chapter in Book/Report/Conference proceedingConference contribution

11 Citations (Scopus)

Abstract

In response to the Kyoto protocol, the European Union (EU) introduced the Emission Trading Scheme (ETS), which adopts 'cap-and-trade' market mechanism for CO2 emission trading. In this scheme, the emission allowances are allocated to each industrial installation and companies can buy and sell their allowances. In the electric power sector, the development of decision-making methods concerning emission trading is becoming increasingly important. For this reason, we focus our attention on the trade-off analysis between CO2 and cost for the unit commitment problem. The marginal cost of CO2 reduction can be obtained when the combination of generators and the fuel prices are decided. In this paper, we present an approach of trade-off analysis between CO2 emission and cost for unit commitment problem, which is based on the decommitment procedure of unit commitment to obtain Pareto-optimal curves of cost versus CO2 emission. The method is tested on the 10-unit 24-hour model.

Original languageEnglish
Title of host publicationIEEE PES General Meeting, PES 2010
DOIs
Publication statusPublished - 2010
EventIEEE PES General Meeting, PES 2010 - Minneapolis, MN
Duration: 2010 Jul 252010 Jul 29

Other

OtherIEEE PES General Meeting, PES 2010
CityMinneapolis, MN
Period10/7/2510/7/29

Keywords

  • CO2 emission
  • Emissions trading
  • Multi-objective optimization
  • Paretooptimal curves
  • Trade-off analysis
  • Unit commitment

ASJC Scopus subject areas

  • Energy Engineering and Power Technology

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    Yamashita, D., Niimura, T., Yokoyama, R., & Marmiroli, M. (2010). Trade-off analysis of CO2 versus cost by multi-objective unit commitment. In IEEE PES General Meeting, PES 2010 [5589664] https://doi.org/10.1109/PES.2010.5589664