This book provides a framework suitable for the design and analysis of market mechanisms suitable for reactive power ancillary service. The book focuses on the formulation of market mechanisms capable of handling the localized nature of reactive power. The book presents tools and methodologies to design a suitable market structure capable of handling the technical challenges associated with the reactive power market like localized nature or reactive power, voltage support requirement, reactive power reserve requirement, and coupling between active reactive power markets. The book also presents techniques suitable for analyzing the market efficiency of different market mechanisms for reactive power ancillary service. The key topics discussed in this book include the relevance and challenges of reactive power ancillary service; the design of market mechanisms; network partitioning techniques to handle the localized nature of reactive power; and analysis of market mechanisms for market efficiency. This book is helpful for researchers and graduate students to know about recent advances in this area. Practitioners find the book helpful for understanding how technological advances can be put into practice and learning from case studies that bring out practical challenges.

Autorentext

Devika Jay completed her M.S. (Research) and Ph.D. in Electrical Engineering from IIT Madras in 2013 and 2021, respectively. She is currently the Chief Technical Officer/Chief Operating Officer of Gridsentry Private Limited, a substation cybersecurity startup incubated at IISc Bangalore and IIT Kanpur. Her research interests include deregulation, electricity markets, cybersecurity, game theory, and AI applications in power systems. She has many research papers in journals and conferences on smart power systems, game theory, artificial intelligence, and machine learning for power system applications. She has won several awards during her academic career. She served as deputy manager at Power Grid Corporation of India Limited (PGCIL) until July 2021, where she was in charge of the design, planning, and operation of/400/220 kV substations. K. Shanti Swarup is a faculty with the Department of Electrical Engineering, Indian Institute of Technology, Madras, India. He completed PhD from the Indian Institute of Science Bangalore in 1991. Before joining the department as a visiting faculty member, he held positions at the Mitsubishi Electric Corporation, Osaka, Japan, and Kitami Institute of Technology, Hokkaido, Japan, serving as a visiting research scientist and visiting professor, respectively, from 1992 to 1999. Since 2000, he has been a professor at IIT Madras. His research areas include Power Systems, Smart Grids, artificial intelligence, knowledge-based systems, computational intelligence, soft computing, Energy Management Systems (EMS), Supervisory Control and Data Acquisition (SCADA), Power System Automation, and Network Protection. He has done sponsored research projects with various industries like BHEL, Hitachi, Easun-MR, MR-GmbH, etc.