Abstract
This paper gives a Group Search Optimization (GSO) algorithm based reactive power pricing in deregulated electricity market. For the efficient transfer of the real power, reactive power flow must be adequate. The increased demand of the real power and insufficient reactive power forces the system to stressed operation. The real power loss is increased due to the voltage stability. This makes the Independent System Operator (ISO) to analyze and accept minimized total real power generation cost from the generating companies. The objective of the reactive power pricing is to minimize the total real power generation cost in a deregulated electricity market. The generator bus voltages, transformer tap settings, generator and capacitive reactive power compensation devices are determined for minimizing the real power generation cost in the system. This procedure is presented in IEEE 57 bus system.
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Kannan, G., Padma Subramanian, D., Siva Subramanian, S. (2015). Reactive Power Pricing Using Group Search Optimization in Deregulated Electricity Market. In: Kamalakannan, C., Suresh, L., Dash, S., Panigrahi, B. (eds) Power Electronics and Renewable Energy Systems. Lecture Notes in Electrical Engineering, vol 326. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2119-7_31
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DOI: https://doi.org/10.1007/978-81-322-2119-7_31
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