DefinePK

Abstract

RPP is one of the most essential ancillary service. In VIU, the single monopoly company took charge of operations such as generation, transmission and distribution, so the supply of ancillary service and its charging was not a crucial concern as it was included in the energy price. Different entities conducted various tasks such as generation, transmission and distribution in the deregulated industry, so that the supply of reactive power to sustain voltage security became a critical problem. For their facilities, the reactive electricity provided from multiple suppliers needs to be remunerated. In order to ensure the efficient and safe functioning of the whole power grid, the correct reactive power procurement process and proper handling of RP support must be taken care of by ISO. The emphasis of this paper was on RPP and the estimation of the optimal overall market payment for the procurement of reactive capacity. The GA used to solve anticipated method and implemented on IEEE 24 bus system.