Title :
A pricing mechanism for network reactive power devices in competitive market
Author_Institution :
Dept. of Electr. & Electron. Eng., Hong Kong Univ.
Abstract :
In this paper, a pricing mechanism is proposed for network reactive power compensation devices in competitive markets. The cost components of network devices are examined in the paper. In the proposed market, network device owners offer the prices for supplying or absorbing reactive power. The market model is settled on uniform market prices. In the study cases, the issues of market power are analyzed and some useful conclusions are obtained for the consideration of establishing a market mechanism for network reactive power devices
Keywords :
power markets; pricing; reactive power; static VAr compensators; competitive market; cost component; network device; pricing mechanism; reactive power compensation; static VAr compensator; Costs; Electricity supply industry; Energy management; Intelligent networks; Investments; Power generation; Power system analysis computing; Pricing; Reactive power; Voltage;
Conference_Titel :
Power India Conference, 2006 IEEE
Conference_Location :
New Delhi
Print_ISBN :
0-7803-9525-5
DOI :
10.1109/POWERI.2006.1632493
