A Co-optimised framework for combined electricity and emission markets with coordinated demand response and ancillary Services: A case study of the Thai power system

Key Points

• The framework improves electricity market efficiency while simultaneously reducing emissions and balancing demand response.
• Results show a 15% reduction in emissions during peak demand periods due to coordinated demand response measures.
• Assessment employs a co-optimisation model to analyze the Thai power system's electricity and emission markets.
• Findings suggest better coordination can enhance both economic and environmental outcomes in energy systems.