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AC voltage and current pulsate at the same frequency, they peak at different
times. Power is the algebraic product of voltage and current. Over a cycle,
power has an average value, called real power, measured in volt-amperes,
or watts. There is also a portion of power with zero average value that is
called reactive power, measured in volt-amperes reactive, or vars. The total
power is called apparent power, measured in volt-amperes, or VA.
Reactive power has zero average value because it pulsates up and down,
averaging to zero; reactive power is measured as the maximum of the
pulsating power over a cycle. Reactive power can be positive or negative,
depending on whether current peaks before or after voltage. By convention,
reactive power, like real power, is positive when it is “supplied” and negative
when it is “consumed.” Consuming reactive power lowers voltage
magnitudes, while supplying reactive power increases voltage magnitudes.
Because voltage and current are pulsating, the power on a transmission line
also pulsates. In a transmission system, this pulsating transfer of stored
energy results in a loss of power called line losses. The letter Q is commonly
used to designate reactive power. Real power is commonly designated as P.
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consume reactive power depending on the line loading. Generators can
supply or consume reactive power within limits.
These devices are installed throughout the electric power system to maintain
an acceptable voltage profile for a secure and efficient power system
operation. Generators can also provide or absorb reactive power. Reactive
power compensation can be either static (e.g. capacitors or inductors) or
dynamic (e.g. generators) in nature.
But while competition may be limited in reactive power markets, there may
be at least some existing alternative sources of reactive power supply in
many locations, and new sources may be able to enter the market over the
longer term. The goal should be to develop rules that ensure that adequate
supplies of reactive power (including reactive reserves) are available in all
locations to ensure that operation of the grid is reliable and efficient and that
reactive power is procured at least cost over the short and long run. As we
discuss below, transparent and nondiscriminatory markets and prices for
reactive power have the potential to promote this goal.
Generally, reactive power support is divided into two categories: static and
dynamic. Static reactive power is produced from equipment that, when
connected to the system, cannot quickly change the reactive power level as
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long as the voltage level remains constant, and its reactive power production
level drops when the voltage level drops. Capacitors and inductors supply
and consume static reactive power. Dynamic reactive power is produced
from equipment that can quickly change the Mvar level independent of the
voltage level. Thus, the equipment can increase its reactive power
production level when voltage drops and prevent a voltage collapse. Static
var compensators, synchronous condensers and generators provide dynamic
reactive power.
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