TITLE:
Power Quality Regulation Using Free Market Oriented Approach
AUTHORS:
Shiun Chen, Jing Wang, T. T. Lie
KEYWORDS:
Power Quality, Economic Evaluation, Energy Market, Deregulation
JOURNAL NAME:
Journal of Power and Energy Engineering,
Vol.2 No.9,
September
16,
2014
ABSTRACT: Power quality is a compatibility issue
between the supply systems and the connected loads. It is often considered as a
customer-side problem as its significance depends primarily on the sensitivity
of the affected equipment and its function. Improvement solutions are
implemented by or on behalf of the customers only if the negative impact is
causing great financial losses. However, as the reliance on electronic devices
continues to increase unabatedly, the percentage of equipment being affected is
expected to grow appreciably. In due course, the number of affected equipment
could be so large that it is only practical and economical to implement
universal solutions instead of individual solutions. This paper provides an
early view of this scenario and explores the various elements necessary for
reining in the poor power quality, widely expected to deteriorate further
following deregulation of power industry. It attempts to use the free market
oriented approach so that solutions implemented are justified on economical
basis.