A cooperative inter-provincial model for energy conservation based on futures trading

Xue, Jian; Guo, Na; Zhao, Laijun; Zhu, Di; Ji, Xiaoqin

doi:10.1016/j.energy.2020.118635

Cited by 7 publications

(5 citation statements)

References 23 publications

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“…The total demand of the buyers can be expressed as ∑ m∈ M b ( q mg − ‾ E mg ) , and the total supply of the suppliers can be denoted as ∑ k∈Ms ( ‾ E kg − q kg ) . We can obtain the following four scenarios based on Zhao et al (2014) and Xue et al (2020).…”

Section: Suppliers and Buyers Of Powermentioning

confidence: 99%

Strategy for Cross-Provincial Power Transition Under Renewable Portfolio Standards and Carbon Cap

Xia,

Chen,

Gupta

et al. 2024

Journal of Global Information Management

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Achieving Zero-carbonizing electricity growth is a priority decarbonization issue. Multi-pronged policies such as TGC, RPS, and CET have been implemented in the power sector. How to deal with the different pressures generated by the above policies in minimizing costs at the same time is an important issue worth discussing. This paper constructs the framework that includes TGC futures trading, carbon emissions trading, and inter-provincial power trading under the quota system. Specifically, we construct the realization cost function of the RPS target, carbon cap and electricity demand, divide the provinces into buyers and suppliers, optimize the power generation, and distribute the gains based on the Shapley Value method. A simulation analysis of four Chinese provinces showed that each province has gained more benefits and less carbon emissions from inter-province trading, resulting in a win-win situation. Those conclusions provide some insightful references for the future development of power market design and decarbonization.

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Section: Suppliers and Buyers Of Powermentioning

confidence: 99%

Strategy for Cross-Provincial Power Transition Under Renewable Portfolio Standards and Carbon Cap

Xia,

Chen,

Gupta

et al. 2024

Journal of Global Information Management

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show abstract

“…Yu et al [38] studied the impact of industrial restructuring on energy saving and emission reduction by establishing a multi-objective optimization model, including the minimization of energy consumption and major pollutant emissions and maximization of GDP. Xue et al [39] established an inter-provincial energy conservation cooperation model based on futures trading that considers the maximization of socioeconomic benefits from energy consumption. Zheng et al [40] proposed an analytical framework to measure the marginal energy-saving cost and construct an energy conservation supply curve to help formulate and implement energy consumption control policies.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The net benefits of energy consumption comprise the following three components: gross benefits of energy consumption, energy production cost and transfer tax cost (income) [12,39]. Thus, the function of the energy consumption benefits is:…”

Section: Construction Of Net Benefits Function For Energy Consumptionmentioning

confidence: 99%

“…In this study, ϕ ui times Êi was selected as the upper limit of energy consumption. Consequently, the limit for annual energy consumption in province i can be represented as [12,39,43]:…”

Section: Construction Of the Ecttmmentioning

confidence: 99%

“…At the national level, this model can availably reduce the difficulty in achieving China's energy consumption control goals and alleviates the contradiction between energy consumption control and economic growth. In addition, compared with the cooperative and transaction management models mentioned in the previous literature [12,39], this ECTTM, with the authoritative guidance and supervision of the government, has a low management cost, a direct management approach and is more implementable. However, the cooperation or transaction model requires more coordination and transaction costs and is more difficult to supervise and implement due to the imperfect macro-management system and the incomplete construction of the transaction market.…”

Section: Comparison Of the Tmm And The Ecttmmentioning

confidence: 99%

See 2 more Smart Citations

A Bi-Level Optimization Model for Inter-Provincial Energy Consumption Transfer Tax in China

Zeng,

Zhang,

Yang

2023

Energies

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The serious energy crisis and environmental problems resulting from fossil energy excessive consumption have caused severe challenges to the control of energy consumption and intensity (dual controls) and the sustainable development of China’s economy and society. The current territorial management model (TMM) of energy consumption “dual control” needs urgent improvement. Therefore, this study proposes an inter-provincial energy consumption transfer tax model (ECTTM) based on the Stackelberg game and bi-level optimization theory. In this model, the central government is the leader at the upper-level, and provincial governments are the lower-level followers. An optimization algorithm based on NSGA-II was designed to solve this model to obtain the optimal transfer tax rate and provincial energy consumption. The ECTTM aims to maximize the socioeconomic benefits of energy consumption overall and in each province under the premise of achieving the dual control target. The model’s effectiveness and superiority were illustrated through an empirical study of electricity consumption in Shanghai, Zhejiang, Shaanxi, and Guizhou. Compared with the TMM, the socioeconomic benefits under the ECTTM increased by 14.67%, and the electricity consumption per unit of gross domestic product decreased by 12.8%. Policy suggestions on the ECTTM’s implementation are proposed to promote further improvements in dual controls.

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Freshwater species diversity loss embodied in interprovincial hydroelectricity transmission with ecological network analysis

Wang

Sun

et al. 2023

Environ Sci Pollut Res

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A cooperative inter-provincial model for energy conservation based on futures trading

Cited by 7 publications

References 23 publications

Strategy for Cross-Provincial Power Transition Under Renewable Portfolio Standards and Carbon Cap

Strategy for Cross-Provincial Power Transition Under Renewable Portfolio Standards and Carbon Cap

A Bi-Level Optimization Model for Inter-Provincial Energy Consumption Transfer Tax in China

Freshwater species diversity loss embodied in interprovincial hydroelectricity transmission with ecological network analysis

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