Cooperative mechanisms for multi-energy complementarity in the electricity spot market

Han, Zhixin; Fang, Debin; Yang, Peiwen; Lei, Leyao

doi:10.1016/j.eneco.2023.107108

Cited by 7 publications

(2 citation statements)

References 51 publications

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“…In contrast, the behavior of electrolytic aluminum companies and consumers remains relatively unchanged. The adverse impact of increasing carbon quota allocation on the low-carbon transformation of entities is evident in a number of studies, and listed here only a few typical studies [ 6 , 10 , 16 , 53 ]. This suggests that the government needs to adjust its carbon quota allocation strategy to ensure sufficient incentives for power generation companies to engage in low-carbon transformation.…”

Section: Model Simulation Analysismentioning

confidence: 99%

“…Carbon markets play a crucial role in promoting energy and economic transition towards a low-carbon trajectory by utilizing market-based mechanisms to achieve the lowest emission reduction costs [ 5 ]. Through carbon market transactions, various entities can optimize the allocation of carbon emission rights through market mechanisms, thereby reducing carbon emissions [ 6 ]. However, the operation of carbon markets involves the decision-making and behaviors of multiple actors, including power generation enterprises, high-energy-consuming industries, and consumers.…”

Section: Introductionmentioning

confidence: 99%

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Low-carbon energy transition multi-agent network evolutionary under carbon trading scheme

Wei,

Wang,

Fang

et al. 2024

PLoS ONE

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Transitioning to low-carbon energy is key for reaching carbon neutrality and modernizing our energy systems, but it presents significant cost-related challenges for energy businesses. To foster optimal outcomes, this paper develops a game model including power generators, high-energy businesses, and consumers in the carbon trading framework. The model explores how different entities evolve their low-carbon strategies under social learning influence to optimize utility. Stability analysis of strategy and simulation experiments reveal the following findings: (1) Greater carbon quotas reduce power generators’ low-carbon transition willingness while high-energy-consuming enterprises and consumers remain unchanged. (2) Higher prices for low-carbon products offered by high-energy-consuming enterprises boost low-carbon transition motivation across all parties. (3) Increased green premiums enhance revenue for all parties but are constrained by policy and carbon pricing. (4) Both direct and indirect increases in carbon emissions negatively impact the revenue and utility for all stakeholders. (5) Increasing social learning effect fosters a shift towards low-carbon strategies, accelerating the attainment of game equilibrium, and enhancing market stability and sustainability. This research provides decision support for carbon trading policy design and low-carbon transition of energy enterprises.

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