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...

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...

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...

In a de-regulated open access environment, reactive power is one of the ancillary services which must be provided by an Independent System Operator (ISO). In this paper, a new algorithm is proposed in which reactive power resources are initially so tuned that optimum security in terms of voltage profile and voltage stability are achieved while at the same time, the system losses are minimized. ...

In a de-regulated open access environment, reactive power is one of the ancillary services which must be provided by an Independent System Operator (ISO). In this paper, a new algorithm is proposed in which reactive power resources are initially so tuned that optimum security in terms of voltage profile and voltage stability are achieved while at the same time, the system losses are minimized. ...

In this paper we investigate the simulation of real and reactive power spot markets. While spot pricing of real power remains a viable option for the creation of a power system market, the future of a reactive power spot market remains cloudy. The large capital investment portion needed in pricing reactive power as well as the highly volatile nature of reactive power spot prices makes the creat...

This paper addresses issues related to reactive power, voltage support and transmission losses as dictated from a certain class of electric loads. Specifically, it addresses the impact of predominantly induction motor loads on voltage support, reactive power requirements, and transmission losses. These issues are examined with a model, which explicitly models the induction motor mechanical load...

In competitive electricity markets all over the world, an adoption of suitable transmission pricing model is a problem as transmission segment still operates as a monopoly. Transmission pricing is an important tool to promote investment for various transmission services in order to provide economic, secure and reliable electricity to bulk and retail customers. The nodal pricing based on SRMC (S...