FACTS allocation considering loads uncertainty, steady state operation constraints, and dynamic operation constraints

This study proposes an algorithm to allocate different types of flexible AC transmission system (FACTS) in power systems. The main objective this is maximize profit by minimizing the system’s operating cost including FACTS devices (FDs) installation cost. Dynamic and steady state restrictions with loads uncertainty are included problem formulation. overall solved using both teaching learning based optimization (TLBO) technique for attaining optimal allocation FDs as main-optimization matpower interior point solver (MIPS) flow (OPF) sub-optimization problem. validation proposed approach verified applying it test 59-bus; Simplified 14-Generator model South East Australian system.