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,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, Thesis ProposalReactive Power Market Clearing Scheme By: Ting Zhang Supervisor: Dr. B. Venkatesh 23 November 2006 Outline Introduction Objective Problem Statement Progress to date Introduction Reactive power supply plays an important role in the power system. In former deregulated power system: supply of real and reactive power was charged in a composite fashion. After deregulation of power systems, supply of real power and ancillary services such as reactive power support have to be unbundled priced independently. Composite Power Supply Real Power Supply Ancillary Services including reactive power supply Reactive power market is established to trade reactive power. In this market, there are vendors and customers. Fig. 2 A schematic representation of a reactive power market Introduction Generation Systems Transmission System Distribution Systems Introduction Elements of the power system that have to be financially compensated for their participation in the reactive market : *Generators *Shunt reactive elements *Transformers Objective The main objective of reactive power market clearing scheme in the deregulated power system is to minimize the total cost of reactive power supply while benefiting from transmission loss minimization and maintaining an acceptable voltage profile. Objective Cost from Generator: P Q Leading Lagging If2Rf Ia2Ra Opportunity Costs Fig. 3 Reactive power cost components Opportunity Costs A B C Objective Aggregating these costs, a total cost curve for reactive power output of a synchronous generator is shown in Fig. 4 : Constraints that should be satisfied: Fig.4 The ith generator reactive power cost curve QA QB QC QG Lead
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