Reactive Market Power Indices Analysis

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Rahmat Samii, Ramin | 2011

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 41398 (05)
University: Sharif University of Technology
Department: Electrical Engineering
Advisor(s): Ranjbar, Ali Mohammad
Abstract:
Reactive market power assessment is an important issue for ISOs and the regulators of the reactive power market. Due to the localized characteristics of reactive power as a technical support and its monopsonistic nature as an economic commodity, a vivid reactive market power index including market share, demand side and cost is not achieved yet. In this work, the existing market power indices in simple commodity markets and power markets are reviewed. Then the applicable indices to reactive power are introduced. Then, a new reactive market power index is presented which is based on bidding strategy deviation of the GENCOs in two types of simultaneous reactive markets. Considering its production cost, the unit uses the resulting strategy for its offer to ISO. Six-bus and thirty-bus test systems are used to test the proposed method. Finally, the results of the devised method are compared with the existing methods. The results show the effectiveness of the proposed method
Keywords:
Market Power ; Reactive Power Market ; Price Competition ; Price Leadership Index ; Strategy Deviation Index

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