A low‐carbon economic dispatch model for electricity market with wind power based on improved ant‐lion optimisation algorithm

Abstract Introducing carbon trading into electricity market can convert dioxide schedulable resources with economic value. However, the randomness of wind power generation puts forward higher requirements for transactions. Therefore, is introduced market, and a new form low‐carbon dispatch model developed. First, goal be considered. It projected to save money reduce cost system. The includes risk operating costs account impact output variability on system, as well farm negative efficiency loss caused by abandonment. also employs metrics achieve lowering system emissions, analyze different prices A implemented based following two goals. Finally, solution optimised using Ant‐lion optimisation method, which combines Levi's flight mechanism golden sine. proposed algorithm's rationality proven through use cases.