Impact of STATCOM Control Parameters on Available Transfer Capability Enhancement in Energy Markets

Flexible AC Transmission Systems devices are becoming the imperative part of the transmission system network for power transfer enhancement. In this work, the impact of Static Compensator parameters has been analyzed for available transfer capability (ATC) enhancement. The main contribution of the paper is: (i) impact of STATCOM on the ATC determination for bilateral and multi-transactions (ii) Comparison of ATC values obtained in three different scenarios of STATCOM control parameters variations (iii) comparison of results without and with STATCOM controller parameters for the ATC enhancement. The study has been conducted on IEEE 24 bus Reliability Test System.