Frontiers in Energy Research (May 2024)

Research on the cost allocation method of deep sea wind power considering carbon trading and green certificate trading

  • Guiyuan Xue,
  • Wenjuan Niu,
  • Chen Chen,
  • Yin Wu,
  • Xiaojun Zhu

DOI
https://doi.org/10.3389/fenrg.2024.1374524
Journal volume & issue
Vol. 12

Abstract

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Climate change imposes tighter limits on carbon emissions, which require the development of more green electricity. Deep sea wind power has the advantages of high wind energy density, high power generation utilization hours, no land occupation, and near to power load centers for easy on-site consumption, which lead to a broad market prospect. In the foreseeable future, deep sea wind power will usher in large-scale construction and development. The initial investment and construction cost of deep sea wind power is high, subsidies are gradually decreasing, and there is a lack of full life cycle economic analysis combined with various market policies, resulting in a lack of guidance for its investment and construction. In order to promote the development of deep sea wind power, relevant cost recovery mechanisms must be found. This paper proposes a system cost allocation method based on the comparative difference method and load similarity with consideration of the transformation and operation costs of thermal power, demand-side response, and energy storage; a cost allocation method based on carbon trading and green certificate trading income is proposed; and a time sequence optimization operation simulation model is established to maximize the deep sea wind power income. A case study is proposed for a 300 MW deep sea wind farm, the results show that the cost allocation method and cost allocation model proposed in this paper have a significant effect on wind power cost recovery, and the effectiveness of the proposed method and model is verified.

Keywords