An economical generation direction for power system static voltage stability

This paper proposes an economical generation direction for static voltage stability. The proposed generation direction minimizes the total operating cost at any loading level, up to the point of collapse. The proposed approach, named as EGD approach, is based on the economic load dispatch with load flow. Two alternative methods to identify the economic generation direction are proposed. Economical generation direction is used in the continuation power flow process to obtain the static voltage stability margin. Static voltage stability margin with economical generation direction is compared with the margins resulting from other existing generation directions in the modified IEEE 14-bus test system under various system operating conditions. Cost of providing loading margin as well as PV curves and losses under different generation directions resulting from various generation direction approaches are also studied and compared. The proposed approach provides an alternative way for utilities to obtain the lowest total operating cost with voltage stability constraint by using any existing commercial software.