Search

Planning power system (PS) towards renewable energy is crucial for reducing carbon dioxide (CO 2) emission as well as mitigating climate change. However, the inherent uncertainty and hierarchical structure of PS pose intractable challenges to the planning process. This study develops a multi-GCM-based interval bi-level programming (MIBP) method that can balance two-level decision-making conflict between CO 2 -emisison reduction and system cost minimization. MIBP can also deal with uncertainties expressed as interval values in objective functions and constraints. Then, a MIBP-PS model is formulated to plan PS for China (2021–2050), where the upper-level objective is to minimize CO 2 emission and the lower-level objective is to minimize the system cost. The major findings are: (i) the CO 2 emission for PS would reach peak value before 2030 and then reduce by [10.2, 20.4]% in 2050, which is mainly owing to the curtailment of fossil fuel; (ii) compared with the conventional model, CO 2 emission from MIBP-PS model could decrease by [3.1, 4.8]%, which shows the superiority of the developed model; (iii) the fossil-fuel power would be gradually replaced by renewable energy, and the proportion of coal-fired power would decrease by 38.8% by 2050, especially small coal-fired facilities (i.e., below 0.3 GW) should be gradually phased down. [Display omitted] [ABSTRACT FROM AUTHOR]

Reducing local and global emissions is one of the drivers behind the promotion of renewable energy technologies (RETs). Some RET projects (e.g. solar, marine power, and some biomass and wind) usually require supplemental income from carbon credits in order to make them economically viable. This paper presents the mathematical development of nodal marginal CO 2 emission metrics for hydrothermal systems. These metrics are obtained from optimal power flow and hydrothermal dispatch models considering hydro uncertainty. The proposed model allows a more accurate assessment of the emission reduction effect of RET projects and the provision of efficient carbon signals to the system. Modeling of hydro reservoirs and intertemporal constraints also allows incorporating the emission mitigation potential of water storage. The concepts of marginal CO 2 emissions for hydrothermal systems are first exemplified using a small test system, and then simulations on a real hydrothermal system illustrate how these metrics can inform investment and operational decisions. Theoretical and simulation results show that transmission and hydro storage constraints neglect may provide wrong signals for RET investors, missing the incentives to install in areas where the potential for emissions reduction is higher (where renewable energy displaces a larger amount of coal or diesel). Policy makers can use the proposed model to assess the cost-effectiveness of emission reduction policies. [ABSTRACT FROM AUTHOR]