Assessing the Effects of Tradable Green Certificates and Renewable Portfolio Standards through Demand-Side Decision-Making Simulation: A Case of a System Containing Photovoltaic Power

Understanding the effect of a tradable green certificate (TGC) and renewable portfolio standard (RPS) policy mix is great importance for sustainable renewable-energy development carbon neutrality, given that demand side subjects are responsible under China’s RPSs studies from demand-side perspective relatively limited. To fill this gap, paper analyzes coupled relationship between TGC market electricity as well reflexivity market. Meanwhile, on basis modeling prices uncertainty, constructs Markov decision process (MDP) model to simulate sequential decision-making further proposes solution based dynamic programming evolutionary algorithms. The results show that: (1) In addition parameters such RPS weight, price caps penalties, preference short-term benefits uncertainty also affect transaction behaviors side. (2) Increasing weight within an appropriate range can stimulate power TGC, while excessively low will result in accumulation unsold TGC. addition, curb (3) An increase cap restrain but phenomenon may not exist when too or prefer benefits. (4) Setting penalty no less than significance ensure operation RPSs.