Reactive Power and FACTS Cost Models’ Impact on Nodal Pricing in Hybrid Electricity Markets
نویسندگان
چکیده
منابع مشابه
Reactive Power and FACTS Cost Models’ Impact on Nodal Pricing in Hybrid Electricity Markets
In a competitive environment reactive power management is an essential service provided by independent system operator taking into account the voltage security and transmission losses. The system operator adopts a transparent and non-discriminatory procedure to procure the reactive power supply for optimal deployment in the system. Since generators’ are the main source of reactive power generat...
متن کاملA New Approach for Accurate Pricing of Reactive Power and Its Application to Cost Allocation in Deregulated Electricity Markets
Reactive power management plays an essential role in the secure operation of the power system as an ancillary service. Although in electricity markets, the particular attention is paid to active power, the reactive power also plays an important on total generation costs of electricity. On the other hand, as it is mainly confined to local consumption, to avoid market power and maintain the se...
متن کاملa new approach for accurate pricing of reactive power and its application to cost allocation in deregulated electricity markets
reactive power management plays an essential role in the secure operation of the power system as an ancillary service. although in electricity markets, the particular attention is paid to active power, the reactive power also plays an important on total generation costs of electricity. on the other hand, as it is mainly confined to local consumption, to avoid market power and maintain the secur...
متن کاملReactive Power Pricing Simultaneous Using Spot and Bilateral Market Models Considering Opportunity Cost
Reactive power as a utility of ancillary service in restructured environment is supplied by Independent System Operator (ISO). Due to the particular importance of optimal pricing strategy in the power market, the study aims to investigate this problem more closely. To this end, first the problems of restructuring, reactive power generation and its associated costs thereof were reviewed and diff...
متن کاملtransmission congestion management and pricing in electricity power markets
in trading electrical energy in deregulated power systems, violation of operation constraints such as transmission lines flow limits is possible. these conditions have been called “congestion”. one of the most important responsibility of independent system operator (iso) is congestion management in a manner that all the system equipments be operated in their nominal ranges. in this paper, usi...
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ژورنال
عنوان ژورنال: Smart Grid and Renewable Energy
سال: 2011
ISSN: 2151-481X,2151-4844
DOI: 10.4236/sgre.2011.23026