A stochastic framework for clearing of reactive power market

Energy

Volumn 35, Issue 1, 2010, Pages 239-245

  Amjady, N ^a   Rabiee, A ^b   Shayanfar, H A ^b  

^a SEMNAN UNIVERSITY   (Iran)

^b IRAN UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Iran)

Author keywords

Reactive power market; Stochastic optimization; Total payment function (TPF)

Indexed keywords

COMMERCE; INTELLIGENT SYSTEMS; MONTE CARLO METHODS; OPTIMIZATION; REACTIVE POWER; STOCHASTIC MODELS; STOCHASTIC SYSTEMS;

DETERMINISTIC OPTIMIZATION PROBLEMS; OBJECTIVE FUNCTIONS; PAYMENT FUNCTIONS; REACTIVE POWER COMPENSATION; RELIABILITY TEST SYSTEM; STOCHASTIC FRAMEWORK; STOCHASTIC OPTIMIZATIONS; SYSTEM CONTINGENCIES;

POWER MARKETS;

ENERGY MARKET; MONTE CARLO ANALYSIS; NUMERICAL MODEL; OPTIMIZATION; POWER GENERATION; STOCHASTICITY;

EID: 70749083520     PISSN: 03605442     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.energy.2009.09.015     Document Type: Article

References (31)

1. Zhong J., and Bhattacharya K. Reactive power management in deregulated power systems-A Review. IEEE Power Engineering Society Winter Meeting 2 (2002) 1287-1292
2. Wang J., Wen R.G., and Yang R.S. On the procurement and pricing of reactive power service in the electricity market environment. IEEE Power Engineering Society General Meeting 1 (2004) 1120-1124
3. Rabiee A., Shayanfar H.A., and Amjady N. Reactive power pricing: problems & a proposal for a competitive market. IEEE Power & Energy Magazine (2009)
4. Baughman M.L., and Siddiqi S.N. Real time pricing of reactive power: theory and study results. IEEE Transactions on Power Systems 6 1 (1991) 23-29
5. El-Keib A.A., and Ma X. Calculating short-run marginal costs of active and reactive power production. IEEE Transactions on Power Systems 12 2 (1997) 559-565
6. Choi J.Y., Rim S.H., and Park J.K. Optimal real time pricing of real and reactive powers. IEEE Transactions on Power Systems 13 4 (1998) 1226-1231
7. Gil J.B., Román T.G.S., Rĺo J.J.A., and Martĺn P.S. Reactive power pricing: a conceptual framework for remuneration and charging procedures. IEEE Transactions on Power Systems 15 2 (2000) 483-489
8. Ahmed S., and Strbac G. A method for simulation and analysis of reactive power market. IEEE Transactions on Power Systems 15 3 (2002) 1047-1052
9. Lin X.J., Yu C.W., and Chung C.Y. Pricing of reactive support ancillary services. IEEE Proceedings Generation, Transmission and Distribution 152 5 (2005) 616-622
10. Hao S., and Papalexopoulos A. Reactive power pricing and management. IEEE Transactions on Power Systems 12 1 (1997) 1206-1215
11. Kirschen D., and Strbac G. Tracing active and reactive power between generators and loads using real and imaginary current. IEEE Transactions on Power Systems 14 4 (1999) 1312-1319
12. Lo K.L., and Alturki Y.A. Toward reactive power markets. Part 1: reactive power allocation. IEEE Proceedings Generation, Transmission and Distribution 153 1 (2006) 59-70
13. Xu W., Zhang Y., da Silva L., Kundur P., and Warrack A. Valuation of dynamic reactive power support services for transmission access. IEEE Transactions on Power Systems 16 4 (2001) 719-728
14. Bhattacharya K., and Zhong J. Reactive power as an ancillary service. IEEE Transactions on Power Systems 16 2 (2001) 294-300
15. Zhong J., and Bhattacharya K. Toward a competitive market for reactive power. IEEE Transactions on Power Systems 17 4 (2002) 1206-1215
16. Zhong J., Nobile E., Bose A., and Bhattacharya K. Localized reactive power markets using the concept of voltage control areas. IEEE Transactions on Power Systems 19 3 (2004) 1555-1561
17. Zhong J. A pricing mechanism for network reactive power devices in competitive market. IEEE Power India Conference (2006) 10-17
18. Chung C.Y., Chung T.S., Yu C.W., and Lin X.J. Cost-based reactive power pricing with voltage security consideration in restructured power systems. Electric Power System Research 70 2 (2004) 85-91
19. El-Samahy I., Bhattacharya K., Cañizares C.A., Anjos M.F., and Pan J. A procurement market model for reactive power services considering system security. IEEE Transactions on Power Systems 23 1 (2008) 137-149
20. Rabiee A., Shayanfar H.A., and Amjady N. Multiobjective clearing of reactive power market considering power system security. Applied Energy 86 9 (2009) 1555-1564
21. Rabiee A., Shayanfar H.A., and Amjady N. Coupled energy and reactive power market clearing considering power system security. Energy Conversion and Management 50 4 (2009) 907-915
22. Ravindra M.M., and Prakash S.K. Generator system reliability analysis including wind generators using hourly mean wind speed. Electric Power System Components 36 1 (2008) 1-16
23. Bouffard F., Galiana F.D., and Conejo A. Market-clearing with stochastic security-Part I: formulation. IEEE Transactions on Power Systems 20 4 (2005) 1818-1826
24. Bouffard F., Galiana F.D., and Conejo A. Market-clearing with stochastic security. Market-clearing with stochastic security-Part II: case studies. IEEE Transactions on Power Systems 20 4 (2005) 1827-1835
25. Frias P., Gomez T., and Soler D. A reactive power capacity market using annual auctions. IEEE Transactions on Power Systems 23 3 (2008) 1458-1468
26. Yang N., Yu C.W., Wen F., and Chung C.Y. An Investigation of reactive power planning based on chance constrained programming. Electrical Power Energy Systems 29 9 (2007) 650-656
27. Li T., Shahidehpour M., and Li Z. Risk-constrained bidding strategy with stochastic unit commitment. IEEE Transactions on Power Systems 22 1 (2007) 449-458
28. Wu L., Shahidehpour M., and Li T. Stochastic security-constrained unit commitment. IEEE Transactions on Power Systems 22 2 (2007) 800-811
29. Aghaei J., Shayanfar H.A., and Amjady N. Incorporating power system security into market-clearing of day-ahead joint energy and reserves auctions. European Transactions on Electrical Power (2008) 17
30. Reliability Test System Task Force. The IEEE reliability test system - 1996. IEEE Transactions on Power Systems 14 3 (1999) 1010-1020
31. Generalized Algebraic Modeling Systems (GAMS). Available Online. http://www.gams.com