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- Reactive power management in deregulated electricity markets
Reactive power management in deregulated electricity markets
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INTRODUCTION
1.1 REACTIVE POWER AS AN ANCILLARY SERVICE
Around the world, almost all electrical power systems have been
changed from vertically integrated and regulated environments to the decentralized
environments. Earlier, only real power was considered for payment. But in the
context of open access markets, the pricing of reactive power has a major role.
Reactive power is one of the ancillary services used to maintain the voltage
profile through injecting or absorbing reactive power. Reactive power services
play important roles as follows:
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