Impact of Carbon Capture (Storage) and Carbon Tax on Economic Dispatch of an Integrated Energy System

Abstract

Finding the balance between economy and low emission of an integrated energy system (IES) has become one of the current research hotspots. This article introduces the carbon tax and carbon capture (storage) technology within the framework of the IES model. The IES comprises of components such as combined heat and power units equipped with carbon capture facilities, wind power generators, photovoltaic panels, and energy storage systems. The objective function of the model is the minimization of operational costs. Low-carbon economic operation dispatching problem under the constraints of energy conversion, energy balance, and operation cost is studied based on a mix-integer linear programming model. Through sensitivity analysis, this study explores the impact of varying carbon tax levels on the operational costs and emissions of an IES while considering peak and valley price differences. The emission reduction potential of the IES under different policy and technology scenarios is also estimated.