Dynamic Economic Dispatch Incorporating Wind Power with Carbon Trading Scheme

This paper proposed an issue aiming at the goal of pierces the relationship between the emission trading scheme and dynamic economic dispatch (DED) problem for the electricity utility. A model of the CO2 emission trading market will be investigated and introduced into DED problem incorporating wind power plant and independent power providers (IPPs). Then, an accelerated particle swarm optimization (APSO) algorithm is introduced in order to avoid prematurity convergence of the original PSO and improve searching efficiency. Thus, APSO was used to determine the DED strategy of the utility with incorporation of wind power generation and contribution of IPPs. The CO2 emission trading is treated as the inner-cost, and the superfluous CO2 quotas will be resale into the market, whereas the shortage quotas can be purchased from the market.