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Strategy deviation index as a new reactive market power indicator

Rahmat Samii, R ; Sharif University of Technology | 2010

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  1. Type of Document: Article
  2. DOI: 10.1049/cp.2010.0934
  3. Publisher: 2010
  4. Abstract:
  5. 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 resulting strategy for its offer to ISO. A 30-bus test system is used to test the proposed method
  6. Keywords:
  7. Bidding strategy ; Demand-side ; Market Power ; Market power index ; Market share ; Production cost ; Reactive market ; Reactive power market ; RSDI ; Strategy deviation index ; Technical support ; Test systems ; Uniform price auction ; Competition ; Energy conversion ; Game theory ; Reactive power ; Commerce
  8. Source: IET Conference Publications, 7 November 2010 through 10 November 2010, Agia Napa ; Volume 2010, Issue 572 CP , 2010 ; 9781849193191 (ISBN)
  9. URL: http://ieeexplore.ieee.org/document/5716012/?arnumber=5716012