Reactive power market clearing mechanism considering new clearing constraints: a separate clearing approach

摘要

In this paper, a new clearing method for the separate reactive power market aiming at improving the reactive power compensation quality is presented. To analyze the performance of the proposed clearing method, indices including profitability rates for power suppliers, participation rates of power suppliers and fair distribution of the revenue and net surpluses have been developed. Robustness and efficiency of the proposed clearing method are tested on the 24-bus IEEE RTS system, and the market problem is solved by a multi-objective evolutionary algorithm based on decomposition. The results evidence that the proposed clearing method improves the quality of reactive power compensation if compared with the available market clearing methods.