Abstract
This paper presents an optimization of energy loss cost (ELC) of distribution networks (DN) with the optimal allocation and sizing of DSTATCOM to maximizing the total net profit (TNP)/cost savings by using the differential evolution algorithm per annum and planning horizon of DSTATCOM installation scheme. In this approach, the optimal reactive power compensation is the main vital role in solving the objective function. The optimal reactive power compensation with the optimal placement and sizing of DSTATCOM and the improvement in voltage profile of the DN are obtained based on certain objectives such as best reduction in network power loss and the total ELC and the maximization of TNP. The modeling on the size of DSTATCOM is used and was incorporated in DN through the forward–backward sweep load flow technique to evaluate the parameters of load flows in DN. Present worth factor is instigated to evaluate the TNP of the DSTATCOM installation scheme. The proposed method is validated on the 30, 33, and 69-bus DN.
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