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Published in:
01-07-2003
Calculation of reactive power service charges under competition of electric power industries
Published in: Electrical Engineering | Issue 3/2003
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Abstract
This paper proposes a reasonable methodology for computing the service charges for reactive power support and control in an open-access environment. The proposed method consists of two parts: one is to recover the capital costs of installed reactive power facilities, and the other is to recover the operational costs involved in reactive power production. The capital costs are divided into used and unused components, based on capacity usage, and are then recovered by a reactive-power tracing algorithm and a postage stamp rule, respectively. The operational costs are computed using spot prices with an optimal power flow program. Sample studies verify that the proposed method exhibits good results in practice compared with the real-time pricing method only. Moreover, the trend of reactive power charges with capacity variations of capacitor banks would help to determine the size of capacitor banks at the planning stage.