AbstractThis paper proposes an active and reactive power dispatch method for a wind farms (WF) considering the real‐time service quality and the available power to achieve the fair power allocation within the WF. The goal is to ensure operational safety while meeting the power demand instructions from the dispatch centre. This paper generates WF service quality metrics based on real‐time monitoring data of key components to characterize the operational stability of the wind turbines (WTs). Specifically, service quality metrics related to active/reactive power are constructed separately to improve the accuracy of service quality assessment and power dispatch. The available power is then integrated into the service quality metrics to derive active/reactive power allocation factors, considering operational safety and power margin. Active power allocation is constrained by the power demand instructions, while reactive power allocation aims to maintain the WT terminal voltage within a feasible range. The proposed method can ensure the fair power allocation within WFs to meet the requirements of equipment reliability, voltage safety, and power supply simultaneously, which can improve resource utilization and avoid the potential failure. Case studies in MATLAB/Simulink confirm the effectiveness of the proposed method.