An optimal dispatch model for virtual power plant that incorporates carbon trading and green certificate trading.

• The optimal scheduling model for VPP to participate in carbon trading and green certificate trading is established. • The reverse search strategy and dimension mutation strategy of the proposed SCV-PSO algorithm can significantly improve the performance of the algorithm. • The proposed optimal scheduling model can significantly improve the economy and environmental friendliness of VPP operation. The grid connection of large-scale clean energy provides the possibility for the establishment of a clean energy system. The urgent problem that needs to be solved is how to improve the utilization efficiency of clean energy to reduce carbon emissions. First, the virtual power plant (VPP) operation mode under the carbon trading and green certificate trading mechanism is analyzed. Secondly, this paper incorporates carbon trading mechanism and green certificate trading mechanism into the optimal dispatch model of VPP including wind power generation, photovoltaic power generation, gas turbines and energy storage device. Taking the net profit of VPP as the optimization goal, which can take into account both economic and environmental protection. Based on whether VPP participates in carbon trading and green certificate trading, three schemes are established and compared and analyzed. In addition, to cope with the volatility of renewable energy, the utilization rates of the renewable energy output scenarios for four typical days under the three schemes were compared and analyzed. To solve this problem, this paper proposes the Self-Conclusion and Variational Particle Swarm Optimization (SCV-PSO) algorithm. The simulation results show that the VPP optimal scheduling model and solving algorithm proposed can effectively improve the utilization rate of renewable energy and reduce the carbon emission under the premise of ensuring economic efficiency. It can provide a useful reference for the low-carbon economic operation of the power system in the future. [ABSTRACT FROM AUTHOR]