The ancillary reactive power service pricing in a Deregulated electricity market
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 11
Abstract
The amount of real power that can be transferred in a power system depends on the reactive power/voltage support. Appropriate management of reactive power is indispensable for supporting power system reliability and security. Most researches have been focused on active power as the main good transacted in electricity markets. On the other hand, the reactive power production is highly dependent on real power output and it is mainly confined to local consumption. To avoid market power and secure operation of the system, a feasible and fair method for pricing of reactive power is important in the deregulated electricity market. Appropriate pricing for reactive power as an ancillary service is a challenging problem. In this paper, a method for the pricing of reactive power support using optimal power flow is proposed. This model is simulated by using MATLAB with power system simulation package MATPOWER. The validation of the proposed method is tested on IEEE 9 bus test system.
Authors and Affiliations
J. Krishna Kishore, B. V. Sankara Ram
Keywords
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