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Article: Reactive market power analysis using must-run indices

TitleReactive market power analysis using must-run indices
Authors
KeywordsElectricity market
Market power
Must-run index
Reactive power
Issue Date2008
PublisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59
Citation
Ieee Transactions On Power Systems, 2008, v. 23 n. 2, p. 755-765 How to Cite?
AbstractThis paper investigates the issues of reactive power must-run capacity in power system operations, hence in electricity markets. A must-run index-based method is proposed in the paper to measure the market power held by reactive power suppliers. The Nordic 32-bus system and the IEEE 118-bus system are used to test the proposed method. The market power holders of reactive power found using the proposed method are in accord with that found in the realistic Nordic system operation and in the existing analysis of IEEE 118-bus system. The paper identifies through must-run indices possible conditions that could lead to market power in the case of applying a bid structure within a market framework. Furthermore, market structure drawbacks can cause the appearance of market power even in a topologically ideal system. © 2008 IEEE.
Persistent Identifierhttp://hdl.handle.net/10722/57480
ISSN
2015 Impact Factor: 3.342
2015 SCImago Journal Rankings: 4.126
ISI Accession Number ID
Funding AgencyGrant Number
Council of Hong KongHKU7201/05E
HKU Seed Funding Program for Basic Research200411159086
Funding Information:

Manuscript received December 27, 2006; revised December 28, 2007. This work was supported in part by the Research Grand Council of Hong Kong under Grant HKU7201/05E and in part by the HKU Seed Funding Program for Basic Research (project code: 200411159086). Paper no. TPWRS-00904-2006.

References

 

DC FieldValueLanguage
dc.contributor.authorFeng, Den_HK
dc.contributor.authorZhong, Jen_HK
dc.contributor.authorGan, Den_HK
dc.date.accessioned2010-04-12T01:37:41Z-
dc.date.available2010-04-12T01:37:41Z-
dc.date.issued2008en_HK
dc.identifier.citationIeee Transactions On Power Systems, 2008, v. 23 n. 2, p. 755-765en_HK
dc.identifier.issn0885-8950en_HK
dc.identifier.urihttp://hdl.handle.net/10722/57480-
dc.description.abstractThis paper investigates the issues of reactive power must-run capacity in power system operations, hence in electricity markets. A must-run index-based method is proposed in the paper to measure the market power held by reactive power suppliers. The Nordic 32-bus system and the IEEE 118-bus system are used to test the proposed method. The market power holders of reactive power found using the proposed method are in accord with that found in the realistic Nordic system operation and in the existing analysis of IEEE 118-bus system. The paper identifies through must-run indices possible conditions that could lead to market power in the case of applying a bid structure within a market framework. Furthermore, market structure drawbacks can cause the appearance of market power even in a topologically ideal system. © 2008 IEEE.en_HK
dc.languageengen_HK
dc.publisherI E E E. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=59en_HK
dc.relation.ispartofIEEE Transactions on Power Systemsen_HK
dc.rights©2008 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.en_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectElectricity marketen_HK
dc.subjectMarket poweren_HK
dc.subjectMust-run indexen_HK
dc.subjectReactive poweren_HK
dc.titleReactive market power analysis using must-run indicesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0885-8950&volume=23&issue=2&spage=755&epage=765&date=2008&atitle=Reactive+market+power+analysis+using+must-run+indicesen_HK
dc.identifier.emailZhong, J:jinzhong@hkucc.hku.hken_HK
dc.identifier.authorityZhong, J=rp00212en_HK
dc.description.naturepublished_or_final_versionen_HK
dc.identifier.doi10.1109/TPWRS.2008.919416en_HK
dc.identifier.scopuseid_2-s2.0-43849100906en_HK
dc.identifier.hkuros145120-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-43849100906&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume23en_HK
dc.identifier.issue2en_HK
dc.identifier.spage755en_HK
dc.identifier.epage765en_HK
dc.identifier.isiWOS:000258765900055-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridFeng, D=7401981343en_HK
dc.identifier.scopusauthoridZhong, J=13905948700en_HK
dc.identifier.scopusauthoridGan, D=7005499404en_HK

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