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Article: A study of reactive power marginal price in electricity market

TitleA study of reactive power marginal price in electricity market
Authors
KeywordsElectricity market
Reactive power price
Optimal power flow
Issue Date2001
PublisherElsevier SA. The Journal's web site is located at http://www.elsevier.com/locate/epsr
Citation
Electric Power Systems Research, 2001, v. 57 n. 1, p. 41-48 How to Cite?
AbstractDeveloping an accurate and feasible method for reactive power pricing is significant in the electricity market. The reactive power price cannot be obtained accurately by conventional optimal power flow models which usually ignore the production cost of reactive power. In this paper, the authors include the production cost of reactive power into the objective function of the optimal power flow problem, and use sequential quadratic programming method to solve the optimization problem and obtain reactive power marginal price accordingly. A five-bus test system is used for computer study. The results from eight study cases show clearly the effects of various factors on reactive power marginal price.
Persistent Identifierhttp://hdl.handle.net/10722/74000
ISSN
2015 Impact Factor: 1.809
2015 SCImago Journal Rankings: 1.256

 

DC FieldValueLanguage
dc.contributor.authorDai, Y-
dc.contributor.authorNi, YX-
dc.contributor.authorShen, CM-
dc.contributor.authorWen, FS-
dc.contributor.authorHan, ZX-
dc.contributor.authorWu, FF-
dc.date.accessioned2010-09-06T06:56:50Z-
dc.date.available2010-09-06T06:56:50Z-
dc.date.issued2001-
dc.identifier.citationElectric Power Systems Research, 2001, v. 57 n. 1, p. 41-48-
dc.identifier.issn0378-7796-
dc.identifier.urihttp://hdl.handle.net/10722/74000-
dc.description.abstractDeveloping an accurate and feasible method for reactive power pricing is significant in the electricity market. The reactive power price cannot be obtained accurately by conventional optimal power flow models which usually ignore the production cost of reactive power. In this paper, the authors include the production cost of reactive power into the objective function of the optimal power flow problem, and use sequential quadratic programming method to solve the optimization problem and obtain reactive power marginal price accordingly. A five-bus test system is used for computer study. The results from eight study cases show clearly the effects of various factors on reactive power marginal price.-
dc.languageeng-
dc.publisherElsevier SA. The Journal's web site is located at http://www.elsevier.com/locate/epsr-
dc.relation.ispartofElectric Power Systems Research-
dc.rights© <year>. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/-
dc.subjectElectricity market-
dc.subjectReactive power price-
dc.subjectOptimal power flow-
dc.titleA study of reactive power marginal price in electricity market-
dc.typeArticle-
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0378-7796&volume=57&spage=41&epage=48&date=2001&atitle=A+study+of+reactive+power+marginal+price+in+electricity+marketen_HK
dc.identifier.emailNi, YX: yxni@eee.hku.hk-
dc.identifier.emailShen, CM: cmshen@hkueee.hku.hk-
dc.identifier.emailWen, FS: wenfs@hotmail.com-
dc.identifier.emailWu, FF: ffwu@eee.hku.hk-
dc.identifier.authorityNi, YX=rp00161-
dc.identifier.authorityWu, FF=rp00194-
dc.identifier.doi10.1016/S0378-7796(00)00119-X-
dc.identifier.hkuros58184-
dc.identifier.volume57-
dc.identifier.issue1-
dc.identifier.spage41-
dc.identifier.epage48-
dc.publisher.placeSwitzerland-

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