Decision-making Methods for Electrolytic Aluminum Enterprises Participating in the Electricity-Carbon Market, Considering the Joint Trading of Green Certificates and Carbon Emissions
JIA Hongjie, 1, 2, et al. Decision-making Methods for Electrolytic Aluminum Enterprises Participating in the Electricity-Carbon Market, Considering the Joint Trading of Green Certificates and Carbon Emissions[J]. 2025, 49(10): 4174-4183.
JIA Hongjie, 1, 2, et al. Decision-making Methods for Electrolytic Aluminum Enterprises Participating in the Electricity-Carbon Market, Considering the Joint Trading of Green Certificates and Carbon Emissions[J]. 2025, 49(10): 4174-4183. DOI: 10.13335/j.1000-3673.pst.2025.0035.
As global climate issues become increasingly severe
reducing carbon emissions has become a common goal for countries worldwide. Electrolytic aluminum enterprises
as major energy consumers
contribute significantly to carbon emissions. Thus
it is imperative to reduce these emissions without affecting aluminum production. As an emerging market-based emission reduction tool
the combined green certificate-carbon trading mechanism provides a new opportunity for electrolytic aluminum enterprises to participate in the electricity-carbon market. This paper explores how electrolytic aluminum enterprises can leverage this novel market mechanism to make decisions in the context of demand response participation
thereby enhancing both economic and environmental benefits. First
the production process of electrolytic aluminum is introduced
along with the demand response and revenue models for these enterprises. Next
the principles of tiered carbon trading and green certificate trading markets are studied
focusing on the carbon reduction mechanism of green certificates. A combined green certificate-tiered carbon trading mechanism is proposed
where the interaction between green certificates and carbon trading is used to achieve energy-saving and carbon reduction goals for electrolytic aluminum enterprises. Finally
a model for their participation in the electricity-carbon market is constructed to maximize the total revenue of electrolytic aluminum enterprises
considering the interaction between carbon trading and green certificate trading. The numerical case results demonstrate that this method effectively reduces the carbon emission costs of electrolytic aluminum enterprises and increases their total revenue.