Voltage stability improvement and power losses reduction through multiple grid contingency supports

A stable power system is a desirable state for the optimal performance and delivery of electricity to the end-users. This study evaluates the effectiveness of grid contingency support devices in power system stability enhancement. The new voltage stability pointer (NVSP) was employed to optimally infer the flexible alternating current transmission systems devices through N − 1 contingency ranking. In this research, the static synchronous compensator (STATCOM) was considered as a grid support device. The effectiveness of this technique was validated in R2018a MATLAB with the IEEE 30-bus system using different combinable contingency cases to ascertain the critical lines and vulnerable buses to outages. Based on the results obtained through the NVSP, buses 30, 26, and 29 were cited as STATCOM candidate buses for overall optimal grid performance. The results obtained from the simulation revealed that the total real power loss was reduced by 90.21%. Similarly, the voltage magnitude of the buses was significantly improved to a minimum of 1.00 p.u. after placement of STATCOMs. Further investigation on single STATCOM placement in the IEEE 30-bus system revealed that the highest level of voltage improvement, minimum level of voltage deviation and maximum active power loss reduction was achieved when the STATCOM was placed at bus 30. The overall assessment of the proposed technique yielded better results compared with other methods on the same test system.