Title: Optimal Allocation of Static Var Compensator via Mixed Integer Conic Programming,
Abstract: Shunt FACTS devices, such as, a Static Var Compensator (SVC), are capable of
providing local reactive power compensation. They are widely used in the
network to reduce the real power loss and improve the voltage profile. This
paper proposes a planning model based on mixed integer conic programming (MICP)
to optimally allocate SVCs in the transmission network considering load
uncertainty. The load uncertainties are represented by a number of scenarios.
Reformulation and linearization techniques are utilized to transform the
original non-convex model into a convex second order cone programming (SOCP)
model. Numerical case studies based on the IEEE 30-bus system demonstrate the
effectiveness of the proposed planning model.