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Multiobjective clearing of reactive power market in deregulated power systems

Author

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  • Rabiee, A.
  • Shayanfar, H.
  • Amjady, N.

Abstract

This paper presents a day-ahead reactive power market which is cleared in the form of multiobjective context. Total payment function (TPF) of generators, representing the payment paid to the generators for their reactive power compensation, is considered as the main objective function of reactive power market. Besides that, voltage security margin, overload index, and also voltage drop index are the other objective functions of the optimal power flow (OPF) problem to clear the reactive power market. A Multiobjective Mathematical Programming (MMP) formulation is implemented to solve the problem of reactive power market clearing using a fuzzy approach to choose the best compromise solution according to the specific preference among various non-dominated (pareto optimal) solutions. The effectiveness of the proposed method is examined based on the IEEE 24-bus reliability test system (IEEE 24-bus RTS).

Suggested Citation

  • Rabiee, A. & Shayanfar, H. & Amjady, N., 2009. "Multiobjective clearing of reactive power market in deregulated power systems," Applied Energy, Elsevier, vol. 86(9), pages 1555-1564, September.
  • Handle: RePEc:eee:appene:v:86:y:2009:i:9:p:1555-1564
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    Citations

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    Cited by:

    1. Erdogdu, Erkan, 2010. "A paper on the unsettled question of Turkish electricity market: Balancing and settlement system (Part I)," Applied Energy, Elsevier, vol. 87(1), pages 251-258, January.
    2. Amjady, N. & Rabiee, A. & Shayanfar, H.A., 2010. "A stochastic framework for clearing of reactive power market," Energy, Elsevier, vol. 35(1), pages 239-245.
    3. Esmaili, Masoud & Amjady, Nima & Shayanfar, Heidar Ali, 2011. "Multi-objective congestion management by modified augmented [epsilon]-constraint method," Applied Energy, Elsevier, vol. 88(3), pages 755-766, March.
    4. Esmaili, Masoud & Shayanfar, Heidar Ali & Amjady, Nima, 2010. "Congestion management enhancing transient stability of power systems," Applied Energy, Elsevier, vol. 87(3), pages 971-981, March.
    5. Reddy, S. Surender & Abhyankar, A.R. & Bijwe, P.R., 2011. "Reactive power price clearing using multi-objective optimization," Energy, Elsevier, vol. 36(5), pages 3579-3589.
    6. Aghaei, J. & Shayanfar, H.A. & Amjady, N., 2009. "Joint market clearing in a stochastic framework considering power system security," Applied Energy, Elsevier, vol. 86(9), pages 1675-1682, September.
    7. Canizes, Bruno & Soares, João & Faria, Pedro & Vale, Zita, 2013. "Mixed integer non-linear programming and Artificial Neural Network based approach to ancillary services dispatch in competitive electricity markets," Applied Energy, Elsevier, vol. 108(C), pages 261-270.
    8. Karim Anaya & Michael Pollitt, 2021. "An evaluation of a local reactive power market: the case of Power Potential," Working Papers EPRG2124, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    9. Khazali, A.H. & Kalantar, M. & Khazali, Ali, 2011. "Fuzzy multi-objective reactive power clearing considering reactive compensation sources," Energy, Elsevier, vol. 36(5), pages 3319-3327.
    10. Fernández-Blanco, Ricardo & Arroyo, José M. & Alguacil, Natalia, 2014. "Consumer payment minimization under uniform pricing: A mixed-integer linear programming approach," Applied Energy, Elsevier, vol. 114(C), pages 676-686.
    11. Liu, Zhen & Zhang, Xiliang & Lieu, Jenny, 2010. "Design of the incentive mechanism in electricity auction market based on the signaling game theory," Energy, Elsevier, vol. 35(4), pages 1813-1819.
    12. Anaya, Karim L. & Pollitt, Michael G., 2022. "A social cost benefit analysis for the procurement of reactive power: The case of Power Potential," Applied Energy, Elsevier, vol. 312(C).
    13. Al-Sumaiti, Ameena Saad & Salama, Magdy M.A. & El-Moursi, Mohamed, 2017. "Enabling electricity access in developing countries: A probabilistic weather driven house based approach," Applied Energy, Elsevier, vol. 191(C), pages 531-548.
    14. Kargarian, A. & Raoofat, M. & Mohammadi, M., 2011. "Reactive power market management considering voltage control area reserve and system security," Applied Energy, Elsevier, vol. 88(11), pages 3832-3840.
    15. Jay, Devika & Swarup, K.S., 2021. "A comprehensive survey on reactive power ancillary service markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    16. Ahmadimanesh, A. & Kalantar, M., 2017. "A novel cost reducing reactive power market structure for modifying mandatory generation regions of producers," Energy Policy, Elsevier, vol. 108(C), pages 702-711.
    17. Saraswat, Amit & Saini, Ashish & Saxena, Ajay Kumar, 2013. "A novel multi-zone reactive power market settlement model: A pareto-optimization approach," Energy, Elsevier, vol. 51(C), pages 85-100.

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