Three-level market optimization model of virtual power plant with carbon capture equipment considering copula–CVaR theory

Abstract

To achieve carbon neutrality, promoting clean and renewable energy consumption and reducing CO2 emissions have become important measures. Therefore, virtual power plants (VPPs) containing carbon capture devices have become a research focus. This study first builds a VPP model containing carbon capture devices, analyzes the cooperative operation mode of a carbon capture system and power-to-gas, and develops a comprehensive demand response mechanism for the VPP. Second, owing to the uncertainty of the electricity market clearing price and the natural gas market price, a risk dependence model between electricity price and gas price based on the copula–conditional value-at-risk theory is constructed. Then, a VPP three-level market optimization model considering risk dependence and carbon trading mechanisms is proposed, and an improved collaborative evolutionary algorithm that combines the NSGAII and AGE-MOEA algorithms is used to solve multi-objective problems. Finally, an example of a VPP is used to verify the effectiveness of the model.