Power Flow Tracing Based Reactive Power Ancillary Service (AS) in Restructured Power Market

Ancillary services are support services which are
essential for humanizing and enhancing the reliability and security of
the electric power system. Reactive power ancillary service is one of
the important ancillary services in a restructured electricity market
which determines the cost of supplying ancillary services and finding
of how this cost would change with respect to operating decisions.
This paper presents a new formation that can be used to minimize the
Independent System Operator (ISO)’s total payment for reactive
power ancillary service. The modified power flow tracing algorithm
estimates the availability of reserve reactive power for ancillary
service. In order to find optimum reactive power dispatch,
Biogeography based optimization method (BPO) is proposed. Market
Reactive Clearing Price (MRCP) is then estimated and it encourages
generator companies (GENCOs) to participate in an ancillary service.
Finally, optimal weighting factor and real time utilization factor of
reactive power give the minimum ISO’s total payment. The
effectiveness of proposed design is verified using IEEE 30 bus
system.





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