Framework for the analysis of reactive power dispatch in energy pools

This paper proposes a framework for the simulation and analysis of the reactive power distribution in electric energy markets of the pool type. Firstly, the analytical formulation of the OPF problem, with three optional performance indexes for the reactive power dispatch, is discussed. These OPF objectives are used to determine the reactive power distribution for a given active power dispatch (obtained through merit-order strategy, for instance). An allocation strategy is used to assess the participation of each power system agent in the loss/reactive power distribution. This strategy uses the premise of co-operative game theory. Numerical results obtained with the Ward-Hale 6-bus test system illustrate the main aspects of the proposed methodology.