The impact of reactive power on the electricity market equilibrium
Petoussis, S. G., Zhang, X.-P., Petoussis, A. G. and Godfrey, K. R. (2006) The impact of reactive power on the electricity market equilibrium. In: IEEE/PES Power Systems Conference and Exposition, Atlanta, GA, OCT 29-NOV 01, 2006. Published in: 2006 IEEE/PES Power Systems Conference and Exposition. Vols 1-5 pp. 96-102.Full text not available from this repository.
This paper investigates the impact of reactive power on the electricity market equilibrium. The analysis is performed using an interior point algorithm based on the ac network model for determining the Nash Supply Function Equilibrium (SFE) of bid-based electricity markets. The effect of reactive power is examined using two different voltage regulation control modes at the generation buses. The generator bus voltages, in the first mode, can be optimized within the limits 0.95-1.05 p.u., whereas in the second mode they are controlled to a given value of 1.0 p.u. Further tests were performed using the second control mode but setting the load power factor to different values between 0.7-1.0 for different reactive power demand. The numerical results confirm that the reactive power has a significant impact on the electricity market equilibrium affecting nodal prices, social welfare and individual profits of the generating firms.
|Item Type:||Conference Item (UNSPECIFIED)|
|Subjects:||T Technology > TJ Mechanical engineering and machinery
T Technology > TK Electrical engineering. Electronics Nuclear engineering
|Journal or Publication Title:||2006 IEEE/PES Power Systems Conference and Exposition. Vols 1-5|
|Number of Pages:||7|
|Page Range:||pp. 96-102|
|Title of Event:||IEEE/PES Power Systems Conference and Exposition|
|Location of Event:||Atlanta, GA|
|Date(s) of Event:||OCT 29-NOV 01, 2006|
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