Valuation of dynamic reactive power support in multitransaction power systems

This paper presents a reactive power valuation method with regard to its effect on realization of MW transactions. The security constraint optimization model in which the objective function is maximization of transactions is solved by the genetic algorithm approach. The proposed scheme allocates a s...

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Bibliographic Details
Published in:European transactions on electrical power 2007-01, Vol.17 (1), p.61-79
Main Authors: Pirayesh, Abolfazl, Vakilian, Mehdi, Feuillet, Rene, Hadj-Said, Nouredine
Format: Article
Language:English
Subjects:
Applied sciences
Electrical engineering. Electrical power engineering
Electrical power engineering
electricity markets
Exact sciences and technology
genetic algorithm
Miscellaneous
multitransaction network
Operation. Load control. Reliability
Power networks and lines
reactive power pricing
reactive power support
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Summary:This paper presents a reactive power valuation method with regard to its effect on realization of MW transactions. The security constraint optimization model in which the objective function is maximization of transactions is solved by the genetic algorithm approach. The proposed scheme allocates a specific amount of MW transactions to each dynamic reactive power source. An index is introduced to derive VAr value from the calculated optimal parameters of power network. This index represents the system‐wide effect of MVAr sources on MW transactions implementations. Application of proposed method has been illustrated using IEEE 30 and 14 bus test systems. Results are discussed and compared in different conditions of the system. Copyright © 2006 John Wiley & Sons, Ltd.
ISSN:1430-144X
1546-3109
DOI:10.1002/etep.122