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Localized reactive power markets using the concept of voltage control areas

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4 Author(s)
Jin Zhong ; Dept. of Electr. Power Eng., Chalmers Univ. of Technol., Gothenburg, Sweden ; Nobile, E. ; Bose, A. ; Bhattacharya, K.

In this paper, we present the design of a localized competitive market for reactive power ancillary services at the level of individual voltage-control areas. The concept of electrical distance has been used to identify the different voltage-control areas within a power system. The proposed reactive power market is settled on uniform price auction, using a modified optimal power-flow model. Uniform prices for various components of reactive power service are obtained for each voltage-control area. In the study cases described in the paper, we examine whether such a localized reactive power market is more desirable than a common system-wide reactive power market.

Published in:

Power Systems, IEEE Transactions on  (Volume:19 ,  Issue: 3 )