A Latest Approach for Pricing of Reactive Power in Modern

Abstract — pricing of reactive power become a big issue now a days. In this paper a new technique for pricing of reactive power is presented which involve all the equality and inequality constraints. In this paper reactive power is decoupled from active power so that calculation of reactive power becomes much easier and convenient. A study on CIGRE 32 Bus systems carried out in which both stressed and unstressed cases are consider. This study also involves some benefits to the society. This method of pricing intake by the selected generators by creating a bid between all the reactive power generator and select the generator into a stated zone as per requirement and calculated the reactive power by divide the whole bus system into the different zones. Keywords—deregulated market, independent system operator, service provider, system security, pricing of reactive power. I