Improving Transient Stability with Multi-objective Allocation and Parameter Setting of SVC in a Multi-machine Power System

This paper aims to select the optimal location, size, and setting parameters of SVC (Static Var Compensator) controller using MOPSO (multi-objective particle swarm optimization) to improve the power system stability in a multi-machine power system. Though power system stabilizers are mandatory requirements for damping of oscillations, its performance still gets affected by changes in network configurations, load variations, etc. Hence, installations of SVC have been suggested in this paper to achieve appreciable damping of system oscillations. However, the performance of SVC highly depends upon its parameters, suitable location, and sizes in the power network. In order to find the solution, this problem is formulated as a multi-objective function. Then, MOPSO is used to find the best answers. In this paper, two objectives are considered to improve both the transient stability of the system and the SVC investment cost. The proposed method was tested on the 10-machine 39-busbar New England test system. The results of the nonlinear simulation show that the optimum sizing, siting, and parameter setting of SVC can improve greatly the transient stability of the multi-machine power system.