Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems
Decarbonization of the power grid will require collective efforts from different entities. As the global energy sector shifts from fossil-based systems of energy production to renewable energy sources to reduce energy-related greenhouse gas emissions, demand-side flexibility can play an important ro...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
IEEE
2024-01-01
|
| Series: | IEEE Open Access Journal of Power and Energy |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/10413548/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832592858482212864 |
|---|---|
| author | Boming Liu Jin Dong Byungkwon Park Jianming Lian Teja Kuruganti |
| author_facet | Boming Liu Jin Dong Byungkwon Park Jianming Lian Teja Kuruganti |
| author_sort | Boming Liu |
| collection | DOAJ |
| description | Decarbonization of the power grid will require collective efforts from different entities. As the global energy sector shifts from fossil-based systems of energy production to renewable energy sources to reduce energy-related greenhouse gas emissions, demand-side flexibility can play an important role in decarbonizing the grid. In this paper, we explore the impact of price-responsive loads and renewable resources in an emission-aware power system. The proposed simulation framework utilizes a modified optimal power flow formulation that considers the carbon cost in addition to the fuel cost of generations. The system also incorporates the demand flexibility through market coordination based on the emission-aware locational marginal prices (E-LMPs) to contribute to the overall emissions reduction. Numerical studies on the test system were performed to compare the emission-aware power system operation and the traditional power system operation in different scenarios. Quantitative results on carbon emission reduction are provided to evaluate the impact of the price-responsive loads and renewable resources. The results demonstrate that E-LMPs and the active participation of flexible loads can help reduce carbon emissions, especially with renewable resources in the system. |
| format | Article |
| id | doaj-art-52562f42c6874ece921dca40874396c8 |
| institution | Kabale University |
| issn | 2687-7910 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Open Access Journal of Power and Energy |
| spelling | doaj-art-52562f42c6874ece921dca40874396c82025-01-21T00:02:57ZengIEEEIEEE Open Access Journal of Power and Energy2687-79102024-01-0111152610.1109/OAJPE.2024.335818310413548Impact of Price-Responsive Load and Renewables in an Emission-Aware Power SystemsBoming Liu0https://orcid.org/0000-0002-8258-6126Jin Dong1https://orcid.org/0000-0002-5753-1588Byungkwon Park2https://orcid.org/0000-0003-3189-816XJianming Lian3Teja Kuruganti4https://orcid.org/0000-0003-3704-4026Electrification and Energy Infrastructures Division, Oak Ridge National Laboratory, Oak Ridge, TN, USAElectrification and Energy Infrastructures Division, Oak Ridge National Laboratory, Oak Ridge, TN, USADepartment of Electrical Engineering, Soongsil University, Seoul, South KoreaElectrification and Energy Infrastructures Division, Oak Ridge National Laboratory, Oak Ridge, TN, USAComputational Sciences and Engineering Division, Oak Ridge National Laboratory, Oak Ridge, TN, USADecarbonization of the power grid will require collective efforts from different entities. As the global energy sector shifts from fossil-based systems of energy production to renewable energy sources to reduce energy-related greenhouse gas emissions, demand-side flexibility can play an important role in decarbonizing the grid. In this paper, we explore the impact of price-responsive loads and renewable resources in an emission-aware power system. The proposed simulation framework utilizes a modified optimal power flow formulation that considers the carbon cost in addition to the fuel cost of generations. The system also incorporates the demand flexibility through market coordination based on the emission-aware locational marginal prices (E-LMPs) to contribute to the overall emissions reduction. Numerical studies on the test system were performed to compare the emission-aware power system operation and the traditional power system operation in different scenarios. Quantitative results on carbon emission reduction are provided to evaluate the impact of the price-responsive loads and renewable resources. The results demonstrate that E-LMPs and the active participation of flexible loads can help reduce carbon emissions, especially with renewable resources in the system.https://ieeexplore.ieee.org/document/10413548/Carbon emissionsdecarbonizationcoordination of transmission and distribution systemsdemand-side flexibilitylocational marginal emission |
| spellingShingle | Boming Liu Jin Dong Byungkwon Park Jianming Lian Teja Kuruganti Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems IEEE Open Access Journal of Power and Energy Carbon emissions decarbonization coordination of transmission and distribution systems demand-side flexibility locational marginal emission |
| title | Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems |
| title_full | Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems |
| title_fullStr | Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems |
| title_full_unstemmed | Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems |
| title_short | Impact of Price-Responsive Load and Renewables in an Emission-Aware Power Systems |
| title_sort | impact of price responsive load and renewables in an emission aware power systems |
| topic | Carbon emissions decarbonization coordination of transmission and distribution systems demand-side flexibility locational marginal emission |
| url | https://ieeexplore.ieee.org/document/10413548/ |
| work_keys_str_mv | AT bomingliu impactofpriceresponsiveloadandrenewablesinanemissionawarepowersystems AT jindong impactofpriceresponsiveloadandrenewablesinanemissionawarepowersystems AT byungkwonpark impactofpriceresponsiveloadandrenewablesinanemissionawarepowersystems AT jianminglian impactofpriceresponsiveloadandrenewablesinanemissionawarepowersystems AT tejakuruganti impactofpriceresponsiveloadandrenewablesinanemissionawarepowersystems |