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This paper proposes a novel method to find the optimal location of the shunt connected Flexible AC Transmission Systems (FACTS) such as Static Var Compensator (SVC) or Static Synchronous Compensator (STATCOM) to the power system for regulating voltage levels of all buses. Three indices include Voltage Drop Index (VDI), Total Voltage Drop Index (TVDI), and Total Voltage Drop of Network Index (TVDNI) are presented to find the location of the SVC. Also, to minimize the solution space, a ranking list will be established. For the case studies, the IEEE 14-bus test system is selected, and an SVC is located in the system. Simulations are done in two cases: network loads increase with constant coefficient and randomly. According to simulation results in both cases, the proposed method can identify the optimal placement of SVC, and the voltage drop due to increasing the load will be compensated. For the IEEE 14-bus test system, the optimal location of the SVC is bus 9. Variable loads are considered for 24 h, and SVC is installed at bus 9 to validate the introduced method. Results show the voltage level for all buses is compensated so that the voltage levels are higher than the minimum voltage level, i.e. 95%. [ABSTRACT FROM AUTHOR]

A valid damping of oscillations is an upcoming extensive challenge while maintaining the stability of the power system. This oscillation generally occurs due to the fluctuation raised, when two systems are interconnected. This paper addresses the oscillation occurred in the power system as the main challenge, which thus performs an effective simulation in 68-bus system. Here, it promotes a sufficient CC with two FACTS devices such as TCSC and UPFC, which are connected with PSS. Further, it adopts firefly algorithm to enable the CC among the FACTS devices. To the next of the simulation, this paper compares the performance of the FF- CC with conventional optimisations include GSO, PSO, GA and ABC algorithms to enable CC. Further, it provides a detailed analysis of the impact of PSS and loading effects on CC. As a result, the performance of FF-CC hands over the stable power system with powerful damping of oscillations, after comparing it with the existing methods. Abbreviations: ABC, Artificial Bee Colony; ICA, Imperialist Competitive Algorithm; AVR, Automatic Voltage Regulators; NETS, New England test system; BFOA, Bacteria Foraging Optimization Algorithm; NYPS, New York power system; BSO, Bacterial Swarm Optimization; PSO, Particle Swarm Optimization; CC, Coordinated Control; PSS, Power System Stabilizers; COA, Chaotic Optimization Algorithm; STATCOM, Static Synchronous Compensator; CS, Cuckoo Search; SSSC, Static Synchronous Series Compensator; FACTS, Flexible Alternating Current Transmission System; SVC, Static Var Compensator; GA, Genetic Algorithm; TCSC, Thyristor Controlled Series Capacitor; GSO, Gravitational Search Algorithm; UPFC, Unified Power Flow Controller [ABSTRACT FROM AUTHOR]

Under a restructuring atmosphere, energy customers and producers generally create various bilateral real power markets. The transmission company usually carries out these bilateral power markets contained by the restrictions allowed through the power network design and working situation. The market operator can misuse the “power markets” and earn additional revenue. Flexible Alternate Current Transmission System devices are considered to be one such technology that helps in improving the bilateral real power markets. In this work, a new methodology for correct placement of Flexible Alternate Current Transmission System devices in the restructured power markets is proposed. A generalized evolutionary programming technique is projected to find out the optimal bilateral real power markets with and without Flexible Alternate Current Transmission System devices under a restructuring atmosphere. Flexible Alternate Current Transmission System devices, such as the Thyristor-Controlled Series Compensator, Static VAR Compensator, and Unified Power Flow Controller, are employed. Utilization of these devices helps in minimizing the cost and also helps in reducing the total overloads, excess power flow, and severity of overloading. A sample 4-bus system and 24-bus extra high-voltage Indian system are presented as examples to exemplify the use of this formulation to reduce the price of the bilateral power market. [ABSTRACT FROM PUBLISHER]