Power–Transportation Coordination: Toward a Hybrid Economic-Emission Dispatch Model

The increasing penetration of electric vehicles (EVs) results in growing interdependency between power and transportation networks. This paper proposes a hybrid economic-emission dispatch model to coordinate the operation of both networks toward social optima. Specifically, carbon emission from gasoline vehicles (GVs) is quantified by the macroscopic emission model, while the emission from EVs is indirectly characterized by that emitted from fossil power plants. To enhance regulation efficiency and improve social welfare, a differentiated pricing scheme is proposed to independently regulate GV traffic flow, EV traffic flow, and EV charging flow. Logarithmic transformation, combined with an accuracy-aware adaptive piecewise linearization (AAPWL) approximation method, is developed to reformulate the original nonlinear model into a tractable mixed-integer quadratic constrained programming. Numerical results from two test systems demonstrate the relationship between economic dispatch and emission dispatch. Meanwhile, the effectiveness and superiority of the proposed pricing scheme and the AAPWL method are validated.