Abstract

Strategic choices for energy conservation, emission reduction and a low carbon society can be achieved when the renewable energy portfolio standards are implemented. It is an urgent problem that how to maximize the revenue of grid companies in medium and long-term transactions based on the renewable energy portfolio standards. The medium- and long-term trading model of grid companies based on contract transactions and centralized bidding transactions is established in this paper. The completion of renewable energy portfolio standards could be guaranteed by grid companies in accordance with green certificate transactions. The particle swarm optimization algorithm is used to resolve the problem on case study. The simulation results show that grid companies should shift their power purchase strategies in the context of renewable portfolio standard.

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 call

Disclaimer: 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.