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Conference Paper: Reactive power market design and its impacts on market power

TitleReactive power market design and its impacts on market power
Authors
Zhong, JBhattacharya, K
KeywordsElectricity Market
Market Power
Reactive Power Market
Issue Date2008
Citation
The 2008 General Meeting of the IEEE Power And Energy Society: Conversion And Delivery Of Electrical Energy in the 21st Century, PES 2008 How to Cite?
DOI: http://dx.doi.org/10.1109/PES.2008.4596717
AbstractAs one of the recognized ancillary services, reactive power support and voltage control plays a vital role in power system operation. Due to its importance in maintaining system security, reactive power continues to be procured by most system operators with limited financial compensation mechanisms. In this paper, the market structure for a potential reactive power market is discussed; and an auction-based reactive power market is proposed wherein the system operator is the single buyer. Furthermore, the market power held by reactive power suppliers by virtue of their strategic location in the system, is measured. The impact of reactive power market design on market power is also analyzed. © 2008 IEEE.
Persistent Identifierhttp://hdl.handle.net/10722/158563
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorZhong, Jen_US
dc.contributor.authorBhattacharya, Ken_US
dc.date.accessioned2012-08-08T09:00:16Z-
dc.date.available2012-08-08T09:00:16Z-
dc.date.issued2008en_US
dc.identifier.citationThe 2008 General Meeting of the IEEE Power And Energy Society: Conversion And Delivery Of Electrical Energy in the 21st Century, PES 2008en_US
dc.identifier.urihttp://hdl.handle.net/10722/158563-
dc.description.abstractAs one of the recognized ancillary services, reactive power support and voltage control plays a vital role in power system operation. Due to its importance in maintaining system security, reactive power continues to be procured by most system operators with limited financial compensation mechanisms. In this paper, the market structure for a potential reactive power market is discussed; and an auction-based reactive power market is proposed wherein the system operator is the single buyer. Furthermore, the market power held by reactive power suppliers by virtue of their strategic location in the system, is measured. The impact of reactive power market design on market power is also analyzed. © 2008 IEEE.en_US
dc.languageengen_US
dc.relation.ispartofIEEE/PES General Meetingen_US
dc.subjectElectricity Marketen_US
dc.subjectMarket Poweren_US
dc.subjectReactive Power Marketen_US
dc.titleReactive power market design and its impacts on market poweren_US
dc.typeConference_Paperen_US
dc.identifier.emailZhong, J:jinzhong@hkucc.hku.hken_US
dc.identifier.authorityZhong, J=rp00212en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1109/PES.2008.4596717en_US
dc.identifier.scopuseid_2-s2.0-52349123418en_US
dc.identifier.hkuros145145-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-52349123418&selection=ref&src=s&origin=recordpageen_US
dc.identifier.scopusauthoridZhong, J=13905948700en_US
dc.identifier.scopusauthoridBhattacharya, K=7101600850en_US
dc.customcontrol.immutablesml 151013 merged-

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