Analysis of reactive power pricing under deregulation

Author

Dai, Y. ; Ni, Y.X. ; Wen, F.S. ; Han, Z.X.

Author_Institution

Dept. of Electr. Eng., Zhejiang Univ., Hangzhou, China

Volume

4

fYear

2000

fDate

2000

Firstpage

2162

Abstract

Developing an accurate and feasible method for reactive power pricing is important in the electricity market. Such a reactive power price cannot be obtained by conventional optimal power flow models because the production cost of reactive power is ignored in these models. In this paper, the authors include the production cost of reactive power into the objective function of the OPF problem, and use a sequential quadratic programming method to solve the optimal problem. A 5-bus test system is used for simulation. The results from several study cases show clearly the effects of various factors on reactive power marginal price

Keywords

costing; load flow; power system economics; quadratic programming; reactive power; 5-bus test system; deregulation; optimal power flow models; optimal problem; production cost; reactive power; reactive power marginal price; reactive power pricing analysis; sequential quadratic programming method; Cost function; Electricity supply industry; Electricity supply industry deregulation; Load flow; Power system modeling; Pricing; Production; Quadratic programming; Reactive power; System testing;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Summer Meeting, 2000. IEEE

Conference_Location

Seattle, WA

Print_ISBN

0-7803-6420-1

Type

conf

DOI

10.1109/PESS.2000.866981

Filename

866981