Design of robust Var reserve contract for enhancing reactive power ancillary service market efficiency

• Main Authors: Zou, Yunyang, Xu, Yan
• Other Authors: School of Electrical and Electronic Engineering
• Format: Article
• Language: English
• Published: 2024
• Subjects: Engineering; Market efficiency; Market power
• Online Access: https://hdl.handle.net/10356/178979
• Institution: Nanyang Technological University

In a deregulated Var market, market power issue is more serious than in an energy market since reactive power cannot be transmitted over long distances. This letter designs a multi-timescale Var market framework, where market power that may arise in the hourly-ahead Var support service market due to...