Title :
The optimization and cost recovery of the reactive power in power market
Author :
Xiao, X.Y. ; Yang, J. ; Yang, H.G.
Author_Institution :
Sch. of Electr. Eng. & Inf., Sichuan Univ., Chengdu, China
Abstract :
This paper analyzed the unbundling of the spot price, and discusses the theory of the spot price based on the LP decoupled model, which set the bases to the following discussion. Because the spot price is fluctuant and the merchandise surplus exists, the complexity of the participation of the third part and the system operation is greatly increased. It becomes important to express the reactive cost if the reactive power electricity market is built. The paper provides the method to get the corresponding operation cost based on the analysis of SVC capacity available factor in assigned years, which can cover the investment cost completely.
Keywords :
optimisation; power markets; power system economics; pricing; reactive power; static VAr compensators; LP decoupled model; SVC capacity; cost based analysis; cost recovery; investment cost; optimization; power market; reactive power; short run marginal cost; spot price unbundling; static VAr compensator; Cost function; Electricity supply industry; Investments; Optimization methods; Power markets; Power system modeling; Power system security; Reactive power; Static VAr compensators; Voltage;
Conference_Titel :
Electric Utility Deregulation, Restructuring and Power Technologies, 2004. (DRPT 2004). Proceedings of the 2004 IEEE International Conference on
Print_ISBN :
0-7803-8237-4
DOI :
10.1109/DRPT.2004.1338042
