An energy brokerage system with emission trading and allocation of cost savings
- Indira Gandhi Inst. of Development Research, Bombay (India)
An energy brokerage system can achieve lower emission levels for interconnected utilities in a cost effective way. The paper presents a linear programming (LP) formulation of an energy brokerage system in an operational planning framework. Emissions trading among utilities is envisaged to achieve emission reduction targets. The power and emission buy/sell quotes for individuals utilities are computed and communicated to a central broker. The broker determines the power and emission interchange schedule which maximizes the system savings for all participating utilities. Shapley value criterion is proposed for allocation of cost savings among the utilities. This criterion reflects the true marginal contribution of a utility to the aggregate system savings and hence, is superior to the existing methods of cost savings allocation.
- OSTI ID:
- 160610
- Report Number(s):
- CONF-950103--
- Journal Information:
- IEEE Transactions on Power Systems, Journal Name: IEEE Transactions on Power Systems Journal Issue: 4 Vol. 10; ISSN 0885-8950; ISSN ITPSEG
- Country of Publication:
- United States
- Language:
- English
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