Research On Reactive Power Pricing And Management Of Electricity Market

With the fast development of electricity markets, how to price reactive power service is getting more and more important. In this paper the pricing scheme of reactive power is studied based on the model of optimal consolidated compensation reactive power market.The paper first introduces the background of the reform of power industry, the restructuring of the power industry, current situations of electricity markets, the variety of ancillary service and its acquirement.In order to solve the problem of reactive power pricing, this paper discusses the characteristics, the content and the impressed factors of reactive power service, in detail. By introducing the reactive power market models which are put into operation in U.S.A., Europe and Australia, the paper points out that a market solution of reactive power service is the ultimate goal of the reform.The IEEE14 and IEEE30-node systems are introduced as test systems. The computer simulation results show that the proposed method are clear in conception and simple in application.