Proposing New Methods for Management of Reactive Power Market

One of the issues that have received increased attention in the restructuring of the electrical industry is the awareness of importance of ancillary services and its competitive procurement. Reactive power and voltage control is one of the ancillary services which in many power systems is procured by market based mechanisms. The main subjects related with the reactive power management are: maintaining an adequate security level, transmitting correct economic signals and providing just and transparent results

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