Low-carbon economic dispatch optimization of a virtual power plant based on deep reinforcement learning in China's carbon market environment

Gengqi Wu*, Haojun Hua, Dongxiao Niu

*Corresponding author for this work

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

13 Citations (Scopus)

Abstract

In the context of China's dual carbon targets, reducing carbon emissions has become even more urgent and important. In order to reduce carbon emissions during the operation of a virtual power plant (VPP), a carbon market containing carbon emission allowances and the Chinese certified voluntary emission reduction project was introduced, and a VPP day-ahead and real-time coordinated scheduling optimization model was developed. This model was optimized to maximize benefits and minimize carbon emissions, further increasing the emphasis on carbon reduction from the VPP. The deep Q network (DQN) in the deep reinforcement learning algorithm was introduced to solve the complexity and non-linearity of the VPP model. Finally, to verify the validity and feasibility of the model and the solution algorithm, a VPP was chosen for the analysis of arithmetic examples. The results showed that: (1) in the calculation example, the VPP obtained more than 30 000 yuan of carbon revenue per day by participating in carbon trading, which effectively mobilizes interest in carbon emission reduction. (2) Compared to the scheduling result with profit maximization as the goal, the scheduling result considering dual goals reduced carbon emissions by 32.7% at the cost of a 2.6% reduction in revenue, obtaining a better compromise. (3) The two-stage coordinated scheduling optimization model obtained 3.6% higher gains than the day-ahead scheduling optimization model that took into account deviation penalties. (4) By comparing the scheduling model solution results from the Yalmip toolbox and DQN algorithm, the effectiveness and feasibility of the DQN algorithm were verified.
Original languageEnglish
Article number056301
JournalJournal of Renewable and Sustainable Energy
Volume14
Issue number5
Online published15 Aug 2022
DOIs
Publication statusPublished - Sept 2022

Bibliographical note

Full text of this publication does not contain sufficient affiliation information. With consent from the author(s) concerned, the Research Unit(s) information for this record is based on the existing academic department affiliation of the author(s).

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