Title :
A Reactive Power Service Cost Allocation and Pricing Method in the New Deregulated Electricity Market Environment
Author :
Zhao, Yue ; Irving, Malcolm R.
Author_Institution :
Dept. of Electron. & Comput. Eng., Brunel Inst. of Power Syst., Uxbridge
Abstract :
It is necessary to restructure the reactive power pricing framework. The exchange of real energy is the dominant intention of the electric power exchange and the reactive power has its inherent limitation. But the importance and stimulation effect of an effective reactive power cost structure is important also, especially to the performance of the power market, the quality of electric power exchange and the security of the power system. All this tell us that reactive power should be treated as more than a subsidiary factor
Keywords :
power markets; power system economics; power system security; pricing; reactive power; deregulated electricity market environment; power exchange; power system security; pricing method; reactive power pricing framework; reactive power service cost allocation; stimulation effect; Costs; Electricity supply industry; Electricity supply industry deregulation; Power generation; Power markets; Power system security; Power systems; Pricing; Production; Reactive power;
Conference_Titel :
Transmission and Distribution Conference and Exhibition, 2005/2006 IEEE PES
Conference_Location :
Dallas, TX
Print_ISBN :
0-7803-9194-2
DOI :
10.1109/TDC.2006.1668645