Abstract
AbstractIn deregulated electricity markets, reactive power is one of the ancillary services that is provided by the Independent System Operator (ISO). In this paper we propose a new algorithm to ‘tune’ reactive power resources with the objectives of minimizing active power losses and optimizing system voltage profile and stability. In our solution, we assume that reactive power resources are either owned by or are under long‐term contracts with the ISO. The optimization problem is solved as an Extended Multi‐objective Optimal Power Flow (EMOPF) problem using Lexico Graphic Method (LGM). Thereafter, using the concept of Fair Resource Allocation (FRA), the cost of reactive power is allocated to existing transactions. The application of the algorithm to a test system is also presented. Copyright © 2007 John Wiley & Sons, Ltd.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
