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A Cost Allocation and Pricing Method for Reactive Power Service in the New Deregulated Electricity Market Environment

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3 Author(s)
Yue Zhao ; Dept. of Electron. & Comput. Eng., Brunel Univ., Uxbridge ; Irving, M.R. ; Yonghua Song

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 a 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

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Transmission and Distribution Conference and Exhibition: Asia and Pacific, 2005 IEEE/PES

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