Document Type: Research Paper
Azarbaijan Regional Electricity Company, Tabriz, Iran
Center of Excellence for Power Systems Automation and Operation, Iran University of Science & Technology ,Tehran, Iran
In this paper, a new structure for reactive power market is presented. Considering reactive power losses caused by active power flow in the reactive power market is the main purpose of this paper. Hence, this study tries to improve reactive power market and create fair competition in reactive power generation.