An optimization decision support approach for risk analysis of carbon emission trading in electric power systems

Concerns over dramatic increasing electricity demand, exacerbating power shortage and changing climatic condition are emerging associated with municipal electric power systems (EPS). In this study, a risk-explicit mixed-integer full-infinite programming (RMFP) approach is developed for planning carbon emission trading (CET) in EPS. RMFP-CET has advantages in risk reflection and policy analysis, particularly when the input parameters are …