Cross-Park Dispatch Optimization Strategy for Hybrid Energy Storage Power Systems Considering Carbon–Green Certificate Trading

Abstract

To alleviate renewable energy curtailment and the high operating costs arising from the temporal and spatial mismatch of distributed generation, this paper develops a cross-park dispatch optimization approach for power systems under the joint participation of carbon trading and green certificate trading (GCT). The proposed approach aims to improve system flexibility and economic performance in coordinated multi-park operation. Specifically, adjustable resources in different parks are dispatched in a coordinated manner, and the total comprehensive operating cost is taken as the optimization objective. In addition, the Alternating Direction Method of Multipliers (ADMM) is adopted to determine inter-park electricity trading prices and exchanged power in a distributed framework. Furthermore, an asymmetric bargaining model is introduced to distribute the cooperative benefits, ensuring a balance between fairness and incentive compatibility. Simulation results demonstrate that inter-park electricity interaction reduces generation costs by 5.29%. The integration of carbon and green certificate trading further reduces costs by 7.4%. After asymmetric bargaining-based benefit allocation, the operating costs of parks with higher contributions decrease by up to 10.34%. The results conclude that the proposed strategy effectively leverages the complementary advantages of multi-park resources and optimizes the synergy between carbon markets, green certificate markets, and physical dispatch.