Cost Analysis of Reactive Power Using Marginal Cost Theory in Electricity Markets

被引:0
作者
Abinaya, K. [1 ]
Danalakshmi, D. [1 ]
Kannan, S. [1 ]
机构
[1] Kalasalingam Univ, Dept Elect & Elect Engn, Krishnankoil, Tamil Nadu, India
来源
2014 IEEE INTERNATIONAL CONFERENCE ON CIRCUIT, POWER AND COMPUTING TECHNOLOGIES (ICCPCT-2014) | 2014年
关键词
Electricity markets; marginal cost theory; optimal power flow; reactive power cost;
D O I
暂无
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
Reactive power plays an important role in supporting active power transfer. Reactive power is essential for secure operation of power system and it is important to compute the cost of reactive power. Marginal cost theory is used for calculation of the cost of reactive power at each bus in electric markets. In conventional power flow methods, normally the reactive power production cost is ignored. To obtain an accurate reactive power marginal cost, production cost of the reactive power is considered in the objective function. The model is tested with IEEE-14 bus system for several load changes in order to price the reactive power of the generator.
引用
收藏
页码:79 / 83
页数:5
相关论文
共 50 条
[21]   Optimal power flow solutions under variable load conditions: Reactive power cost modeling [J].
Rueda, SMV ;
Almeida, KC .
PICA 2001: 22ND IEEE POWER ENGINEERING SOCIETY INTERNATIONAL CONFERENCE ON POWER INDUSTRY COMPUTER APPLICATIONS, 2001, :300-305
[22]   Analysis of Electricity Markets Using Multidimensional Scaling [J].
Azevedo, Filipe ;
Machado, J. Tenreiro .
2012 9TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), 2012,
[23]   Merchant transmission in single-price electricity markets with cost-based redispatch [J].
Staudt, Philipp ;
Oren, Shmuel S. .
ENERGY ECONOMICS, 2021, 104
[24]   Forward contracts with bilateral options in electricity markets: Theory and analysis [J].
Chung, TS ;
Zhang, SH ;
Wong, KP ;
Yu, CW ;
Chung, CY .
IPEC 2003: Proceedings of the 6th International Power Engineering Conference, Vols 1 and 2, 2003, :669-674
[25]   Simulation tools for electricity markets considering power flow analysis [J].
Veiga, Bruno ;
Santos, Gabriel ;
Pinto, Tiago ;
Faia, Ricardo ;
Ramos, Carlos ;
Vale, Zita .
ENERGY, 2023, 275
[26]   Power Market Tool (POMATO) for the analysis of zonal electricity markets [J].
Weinhold, Richard ;
Mieth, Robert .
SOFTWAREX, 2021, 16
[27]   A hybrid approach toward security-constrained reactive power planning in electricity markets [J].
Parida, S. K. ;
Singh, S. N. ;
Srivastava, S. C. .
ELECTRIC POWER COMPONENTS AND SYSTEMS, 2008, 36 (06) :649-663
[28]   Agent-based analysis of monopoly power in electricity markets [J].
Tellidou, A-C. ;
Bakirtzis, A. G. .
2007 INTERNATIONAL CONFERENCE ON INTELLIGENT SYSTEMS APPLICATIONS TO POWER SYSTEMS, VOLS 1 AND 2, 2007, :122-127
[29]   Assessment of Daily Cost of Reactive Power Procurement by Smart Inverters [J].
Acosta, Martha N. ;
Gonzalez-Longatt, Francisco ;
Andrade, Manuel A. ;
Torres, Jose Luis Rueda ;
Chamorro, Harold R. .
ENERGIES, 2021, 14 (16)
[30]   Risk analysis in electricity markets by using decision trees [J].
Mosquera, N. ;
Reneses, J. ;
Barquin, J. ;
Sanchez-Ubeda, E. F. .
2006 INTERNATIONAL CONFERENCE ON PROBABILISTIC METHODS APPLIED TO POWER SYSTEMS, VOLS 1 AND 2, 2006, :960-966