Economic Effects of FACTS on the Transient Stability of Power Plants


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Abstract


With the increased demand for electrical power, power systems currently need to be operated close to their stability limits, increasing the transient instability probability at power plants. In this situation, FACTS devices can be used effectively because of their capability to improve transient stability. Several studies have been made to assess the effect of FACTS on transient stability. However, these studies have not considered this effect from the economic point of view. Therefore, the aim of this paper is to analyze the economic effects of FACTS on the transient stability of power plants. This will be done by evaluating the effect of the FACTS on the transient instability risk of the power plant. A generic procedure is proposed for this evaluation in this paper. The procedure is then applied to a real case study, Tehran transmission system and the economic effect of a TCSC on the transient stability of a power plant in this system is investigated
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Keywords


Flexible AC Transmission Systems (FACTS); Reliability; Thyristor Controlled Series Capacitor (TCSC); Transient Instability Risk; Transient Stability

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