Multi-market Coupling Trading Simulation of Electricity Green Certificate and Excess Consumption Under New Renewable Portfolio Standard

Authors

Peng Wang, 1.North China Electric Power University, Beijing 102206, China;2.Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Beijing 102206, China;Follow
Xiaohua Song, 1.North China Electric Power University, Beijing 102206, China;2.Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Beijing 102206, China;
Haowen Yang, 3.College of Business & Economics, Australian National University, Canberra 2600, Australia;Follow
Xiaoying Zhai, 1.North China Electric Power University, Beijing 102206, China;2.Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Beijing 102206, China;
Jingjing Han, 1.North China Electric Power University, Beijing 102206, China;2.Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Beijing 102206, China;
Liwei Ju, 1.North China Electric Power University, Beijing 102206, China;2.Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Beijing 102206, China;

Abstract

Abstract: In order to clarify the multi-scale market coupling interaction relationship of electricity, green certificate, excess consumption under the renewable portfolio standards (RPS), the system dynamics is introduced, and the interactive trading model is constructed and simulated. Taking the logistics transformation of three market transaction targets as the clue, this paper designs a multi-scale market coupling transaction framework, constructs the complex causality of coupling transaction based on system dynamics method, and analyzes the impact of RPS on the revenue or cost of market participants. Simulation results show that under the new RPS, the electricity price will gradually decline, the transaction price of green certificate will be depressed by the consumption certificate, and the transaction price of green certificate will eventually become equal. The new RPS will reduce the market income of renewable energy generators and the fluctuation of electricity cost of users, and increasing the proportion of RPS will slow down the decline rate of both.

Recommended Citation

Wang, Peng; Song, Xiaohua; Yang, Haowen; Zhai, Xiaoying; Han, Jingjing; and Ju, Liwei (2022) "Multi-market Coupling Trading Simulation of Electricity Green Certificate and Excess Consumption Under New Renewable Portfolio Standard," Journal of System Simulation: Vol. 34: Iss. 11, Article 15.
DOI: 10.16182/j.issn1004731x.joss.21-0699
Available at: https://dc-china-simulation.researchcommons.org/journal/vol34/iss11/15

First Page

2458

Revised Date

2021-11-23

DOI Link

https://doi.org/10.16182/j.issn1004731x.joss.21-0699

Last Page

2469

CLC

TP391.9

Recommended Citation

Peng Wang, Xiaohua Song, Haowen Yang, Xiaoying Zhai, Jingjing Han, Liwei Ju. Multi-market Coupling Trading Simulation of Electricity Green Certificate and Excess Consumption Under New Renewable Portfolio Standard[J]. Journal of System Simulation, 2022, 34(11): 2458-2469.

Corresponding Author

Haowen Yang,haowen.yang@qq.com

DOI

10.16182/j.issn1004731x.joss.21-0699