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https://en.wikipedia.org/wiki/Reactive_power
Reactive power does not do any work, so it is represented as the imaginary axis of the vector diagram. Active power does do work, so it is the real axis. The unit for power is the watt (symbol: W). Apparent power is often expressed in volt-amperes (VA) since it is the product of rms voltage and rms current. The unit for reactive power is var ...
https://en.wikipedia.org/wiki/Volt-ampere_reactive
In electric power transmission and distribution, volt-ampere reactive (var) is a unit of measurement of reactive power.Reactive power exists in an AC circuit when the current and voltage are not in phase. The term var was proposed by the Romanian electrical engineer Constantin Budeanu and introduced in 1930 by the IEC in Stockholm, which has adopted it as the unit for reactive power.
https://en.wikipedia.org/wiki/STATCOM
A static synchronous compensator (STATCOM), also known as a static synchronous condenser (STATCON), is a regulating device used on alternating current electricity transmission networks. It is based on a power electronics voltage-source converter and can act as either a source or sink of reactive AC power to an electricity network. If connected to a source of power it can also provide active AC ...
https://blogs.dnvgl.com/energy/reactive-power-what-it-is-why-it-is-important
Reactive power loads must be supplied either locally from customer-owned devices or from the system itself. It is almost universal for some of the reactive load to be compensated locally as power-factor correction. Power factor is a measure of the relation between real and reactive power. The power factor ranges from 0.0 to 1.0, where 1.0 means ...
https://en.wikipedia.org/wiki/Ancillary_services_(electric_power)
Ancillary services are the services necessary to support the transmission of electric power from seller to purchaser given the obligations of control areas and transmitting utilities within those control areas to maintain reliable operations of the interconnected transmission system.. Ancillary services are the specialty services and functions provided by the electric grid that facilitate and ...
https://business.directenergy.com/blog/2016/may/reactive-power
Critically, real power is what is compensated in RTO wholesale electric markets. Thus, when generators are ordered by system operators to generate or absorb reactive power to support voltage, they trade off their ability to generate real power and earn RTO market revenues.
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