2022
DOI: 10.1109/access.2022.3141235
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Reactive Power Markets: A Review

Abstract: Liberalization of the energy system sets the way towards market-based solutions for ancillary service provision. Local reactive power markets are envisioned to achieve more economically and technically efficient reactive power provision to solve voltage control problems in future distribution and transmission grids. However, market-based reactive power procurement is a difficult and yet unsolved problem. This survey provides a comprehensive overview of the characteristics and hardships of reactive power market… Show more

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Cited by 28 publications
(11 citation statements)
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“…The information of the cost structure of the FOR can be used by the TSO for an economical specification of the required flexibilities at the vertical system interconnection to the DSO system within a local DSO and global TSO flexibility market [9], [14], [37]- [39]. RS as well as OPF-based aggregation methods are compared with each other in literature (see [9], [14]) for the determination of the cost structure of the FOR.…”
Section: State Of the Art Of For Monetarizationmentioning
confidence: 99%
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“…The information of the cost structure of the FOR can be used by the TSO for an economical specification of the required flexibilities at the vertical system interconnection to the DSO system within a local DSO and global TSO flexibility market [9], [14], [37]- [39]. RS as well as OPF-based aggregation methods are compared with each other in literature (see [9], [14]) for the determination of the cost structure of the FOR.…”
Section: State Of the Art Of For Monetarizationmentioning
confidence: 99%
“…This article continues research concerning an application of stochastic and metaheuristic aggregation methods in sampling the FOR at the TSO/DSO system interface using the PSO. The focus is on the determination of the FOR cost structure within a local DSO and global TSO flexibility market using metadata generated by the PSO [18], [37], [41]. The main contribution is the consideration of multiple FPUs that are aggregated by the Minkowski sum at a single bus with individual active and reactive power cost bids.…”
Section: State Of the Art Of For Monetarizationmentioning
confidence: 99%
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“…with a STATCOM) are expected to contribute in ancillary services as they are able to adjust their active and reactive power fast and almost independently from other wind or PV units. Voltage control could benefit from this support [6].…”
Section: Introductionmentioning
confidence: 99%
“…The challenge of procuring alternative reactive power sources via converter connected sources, and the required market mechanisms, to support the changing grid structure has been addressed by researchers as well as network operators over the last few years [4], [5]. For example, in 2021, the Danish energy agency has introduced reactive power ancillary services procured from wind power plants [6].…”
Section: Introductionmentioning
confidence: 99%