Reactive power pricing: a conceptual framework for remuneration and charging procedures

Gil, Julián Barquín; Román, Tomás Gómez San; Ríos, Juan José Alba; Martin, Pierre-Emmanuel

doi:10.1109/59.867129

Cited by 131 publications

(15 citation statements)

References 4 publications

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“…All generators were included in reactive power market, assuming they compete each other. Generator's quadratic reactive power cost functions, (4), were evaluated according to [2] and cost function coefficients c0, c1 and c2 were determined for every generator (Fig. 6).…”

Section: Simulation Resultsmentioning

confidence: 99%

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Two-stage optimization algorithm for short-term reactive power planning based on zonal approach

Plavšić¹,

Kuzle

2011

Electric Power Systems Research

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Section: Simulation Resultsmentioning

confidence: 99%

“…Market-based approach is in its theory economically approved and therefore presents an optimal solution. Different schemes for reactive power cost remuneration have been proposed [1][2][3][4][5] but a real competitive market for reactive power is still a topic under research [6].…”

Section: Introductionmentioning

confidence: 99%

Two-stage optimization algorithm for short-term reactive power planning based on zonal approach

Plavšić¹,

Kuzle

2011

Electric Power Systems Research

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“…The cost of reactive power production modeling is difficult because of differences in reactive power generation equipment, local geographical characteristics of reactive power [9] . Several applications using a model of the cost of reactive power production have been developed [10][11][12][13][14][15] . However, despite the complexity of the proposed models and results obtained, a precise definition of the cost of reactive power production and the methodology to obtain the cost curves are not very clear.…”

Section: Introductionmentioning

confidence: 99%

“…In a competitive electric market the generators may provide the necessary reactive power compensation if they are remunerated by the service but taking into account the loss of opportunity in the commercialization of active power [12] . Static compensators (capacitive and inductive) may be remunerated according to their investment costs and depreciation of their useful lives [13] .…”

Section: Introductionmentioning

confidence: 99%

Application of the Ant Colony Search Algorithm to Reactive Power Pricing in an Open Electricity Market

Ketabi¹,

Babaee²

2009

American J. of Applied Sciences

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Developing an accurate and feasible method for reactive power pricing is important in the electricity market. In conventional optimal power flow models the production cost of reactive power was ignored. In this study, the production cost of reactive power was comprised into the objective function of the OPF problem. Then, using ant colony search algorithm, the optimal problem was solved. The IEEE 14-bus system has been used for application of the method. The results from several study cases show clearly the effects of various factors on reactive power price.

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“…In most of the countries voltage control is still considered as a mandatory service. A different scheme for reactive power cost remuneration has been proposed and established [1] - [2], but a real competitive market for reactive power is still a research topic [3].…”

Section: Introductionmentioning

confidence: 99%

Zonal reactive power market model based n optimal voltage scheduling

Plavšić¹,

Kuzle²

2007

Africon 2007

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Zonal reactive power market model with implementation of optimal voltage scheduling is described in this paper. Proposed model is characterized by splitting the power system or a control area of an interconnected power system into autonomous voltage zones with sufficient reactive power reserves. Zones are selected using electrical distance method. In every zone a short-term auction based reactive power market is established. Based on the generator's cost functions for reactive power production/consumption the optimal power flow problem is solved respecting the economic criteria and power system security constraints. The result of optimization algorithm is optimal voltage plan. Minimization of transmission losses is respected in second optimization step where final dispatching decision is made according to active and reactive energy prices and planned power system conditions. Index Terms-reactive power market, voltage control, optimal power flow

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Reactive power pricing: a conceptual framework for remuneration and charging procedures

Cited by 131 publications

References 4 publications

Two-stage optimization algorithm for short-term reactive power planning based on zonal approach

Two-stage optimization algorithm for short-term reactive power planning based on zonal approach

Application of the Ant Colony Search Algorithm to Reactive Power Pricing in an Open Electricity Market

Zonal reactive power market model based n optimal voltage scheduling

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