Pouria Maghouli - Sharif University of Technology IRAN
Mostafa Parniani - Sharif University of Technology IRAN

The new trend in electricity mSarket considers reactive power as an ancillary service which should be paid for it. Unbundling reactive power support leads to a necessity for an equitable and fair allocation mechanism for this support. The allocation mechanism is a prerequisite for a pricing scheme. In this paper an online algorithm using ‘energy transaction factors’ is presented and developed. Numerical results and comparisons show its accuracy.

Bilateral Transactions, Energy Transaction Factors, Reactive Power Allocation