TY  - JOUR
AB  - Purpose– The efficiency of the emission trading system (ETS) may help to control the total emission amount. The purpose of this paper is to investigate the generating cost issue in environmental/economic power dispatch, under the premise that the ETS has already been established.Design/methodology/approach– The emission benefit and price level factors are introduced for transforming the bi‐objective optimization problem with the fuel cost and emission cost minimization into a single objective. In the developed mathematical model, both the total emission amount from all units and the permitted emission amount from each generating unit are taken into account. The successive linear programming method is employed to solve the optimization problem.Findings– Simulation results of the IEEE 30‐bus test system show that a proper trading mechanism of emission permits is very important for generation companies to control the total emission amount and to reduce the overall generation cost.Research limitations/implications– Further research is needed to find out the impact on the generating cost caused by trading price fluctuation and the coping strategies.Originality/value– The results can help to meet the requirements of current generating optimal dispatch.
VL  - 5
IS  - 3
SN  - 1750-6220
DO  - 10.1108/17506221111169890
UR  - https://doi.org/10.1108/17506221111169890
AU  - Wen Buying
AU  - Bai Zhongbin
AU  - Wen Fushuan
ED  - Fushuan Wen
ED  - S N Singh
PY  - 2011
Y1  - 2011/01/01
TI  - Environmental/economic dispatch considering emission benefit factor in the emission trading environment
T2  - International Journal of Energy Sector Management
PB  - Emerald Group Publishing Limited
SP  - 407
EP  - 415
Y2  - 2024/04/19
ER  -