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Reactive Market Power Indices Analysis
, M.Sc. Thesis Sharif University of Technology ; Ranjbar, Ali Mohammad (Supervisor)
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...
Strategy deviation index as a new reactive market power indicator
, Article IET Conference Publications, 7 November 2010 through 10 November 2010, Agia Napa ; Volume 2010, Issue 572 CP , 2010 ; 9781849193191 (ISBN) ; Nourizadeh, S ; Ranjbar, A. M ; Sharif University of Technology
2010
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 paper, a new reactive market power index is presented which is based on bidding strategy deviation of the GENCOs after establishing a uniform price auction reactive market. Not knowing others' offers to ISO, each unit faces a bidding strategy problem that is solved using game theory. Considering its production costs, the unit uses the...