Volume 5, Issue 3 (September 2009)                   IJEEE 2009, 5(3): 196-204 | Back to browse issues page

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A. Rabiee, H. A. Shayanfar, N. Amjady. A New Framework for Reactive Power Market Considering Power System Security. IJEEE 2009; 5 (3) :196-204
URL: http://ijeee.iust.ac.ir/article-1-184-en.html
A New Framework for Reactive Power Market Considering Power System Security
A. Rabiee , H. A. Shayanfar , N. Amjady
Abstract:   (14271 Views)
This paper presents a new framework for the day-ahead reactive power market based on the uniform auction price. Voltage stability and security have been considered in the proposed framework. Total Payment Function (TPF) is suggested as the objective function of the Optimal Power Flow (OPF) used to clear the reactive power market. Overload, voltage drop and voltage stability margin (VSM) are included in the constraints of the OPF. Another advantage of the proposed method is the exclusion of Lost Opportunity Cost (LOC) concerns from the reactive power market. The effectiveness of the proposed reactive power market is studied based on the CIGRÉ-32 bus test system.
Keywords: Reactive Power Market , Expected Payment Function (EPF) , Total Payment Function (TPF) , Lost Opportunity Cost (LOC)
Full-Text [PDF 443 kb]   (4123 Downloads)    
Type of Study: Research Paper | Subject: Market Deregulation
Received: 2009/09/08 | Accepted: 2013/12/30
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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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© 2022 by the authors. Licensee IUST, Tehran, Iran. This is an open access journal distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) license.