Abstract
This work has dealt with a market-to-market coordination (M2M) with higher photovoltaic (PV) penetrations in a market. Recent developments of renewable penetrations in the electricity grid have caused excess power generation during the peak hours of availability and low demand, i.e., during mid-day. Financial analysis, i.e., generation costs, locational marginal prices, and financial transmission rights along with carbon trading in M2M using different interconnection topologies have been analyzed. Carbon trading agreements allow for the trade of credits to emit CO <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">2</sub> or tax the CO <sub xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">2</sub> emissions comprising international agreements intended to cut down the total greenhouse gases. The obtained test results show that the direct interconnections of identified PV units to identified load buses have provided a better economy and have saved higher carbon emissions for the M2M interconnections.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
