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A unified framework for reactive power management in deregulated electricity markets

Abstract:

This paper discusses various complex issues associated with reactive power management and pricing in the context of the new operating paradigms in deregulated power systems, proposing some policy solutions. Thus, a unified framework for reactive power management that is appropriate for a competitive market, and that ensures a secure and reliable operation of the associated power system is proposed. The framework is generic in nature and can be adopted for any electricity market structure. © 2006 IEEE.