Toward a competitive market for reactive power
- 1 November 2002
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Systems
- Vol. 17 (4), 1206-1215
- https://doi.org/10.1109/tpwrs.2002.805025
Abstract
This paper presents the design of a competitive market for reactive power ancillary services. Generator-reactive power-capability characteristics are used to analyze the reactive power costs and subsequently construct a bidding framework. The reactive power market is settled on uniform price auction, using a compromise programming approach based on a modified optimal power-flow model. The paper examines market power issues in these markets and identifies locations where strategic market power advantages that need to be removed through investments in reactive power devices are present.Keywords
This publication has 10 references indexed in Scilit:
- Reactive power management in deregulated electricity markets-a reviewPublished by Institute of Electrical and Electronics Engineers (IEEE) ,2003
- Reactive power as an ancillary serviceIEEE Transactions on Power Systems, 2001
- Mathematical Theory of OptimizationPublished by Springer Science and Business Media LLC ,2001
- Reactive power pricing: a conceptual framework for remuneration and charging proceduresIEEE Transactions on Power Systems, 2000
- Introduction to Global OptimizationNonconvex Optimization and Its Applications, 2000
- A uniform price auction with locational price adjustments for competitive electricity marketsInternational Journal of Electrical Power & Energy Systems, 1999
- Cost analysis of reactive power supportIEEE Transactions on Power Systems, 1999
- A multiobjective operations planning model with unit commitment and transmission constraintsIEEE Transactions on Power Systems, 1999
- Strategic bidding in electricity generation supply marketsPublished by Institute of Electrical and Electronics Engineers (IEEE) ,1999
- Reactive power pricing and managementIEEE Transactions on Power Systems, 1997