51. Localized Reactive Power Markets Using the Concept of Voltage Control Areas.
- Author
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Jin Zhong, Nobile, Emilia, Bose, Anjan, and Bhattacharya, Kankar
- Subjects
- *
ALTERNATING currents , *ALTERNATING current circuits , *ALTERNATING current in electric power transmission , *VOLTAGE regulators , *ELECTRIC controllers , *INDUSTRIAL policy - Abstract
In this paper, we present the design ofa localized competitive market for reactive power ancillary services at the level of individual voltage-control areas. The concept of electrical distance has been used to identify the different voltage-control areas within a power system. The proposed reactive power market is settled on uniform price auction, using a modified optimal power-flow model. Uniform prices for various components of reactive power service are obtained for each voltage-control area. In the study cases described in the paper, we examine whether such a localized reactive power market is more desirable than a common system-wide reactive power market. [ABSTRACT FROM AUTHOR]
- Published
- 2004
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