{"title":"Towards a competitive market for reactive power","authors":"J. Zhong, K. Bhattacharya","doi":"10.1109/PES.2003.1270472","DOIUrl":null,"url":null,"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 to 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 are present that need to be removed through investments in reactive power devices.","PeriodicalId":131986,"journal":{"name":"2003 IEEE Power Engineering Society General Meeting (IEEE Cat. No.03CH37491)","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2003-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2003 IEEE Power Engineering Society General Meeting (IEEE Cat. No.03CH37491)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/PES.2003.1270472","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
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 to 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 are present that need to be removed through investments in reactive power devices.