The short-circuit capacity of the bus is a key parameter required for the operation and control of the power system. Online measurement of the short-circuit capacity is crucial for the observability and controllability of the power grid. In this paper, it is proposed that the bus voltage disturbance can be caused by switching on and off the parallel capacitor. According to the voltage disturbance, the on-line measurement of the short circuit capacity of the power grid can be performed. Based on the circuit model of the substation, using the substitution theorem and superposition principle of the linear circuit, the accurate calculation method of bus short-circuit capacity measurement is derived. It is revealed that the phase change of the voltage vector caused by the capacitor switching is the key factor affecting the measurement accuracy. It breaks through the approximate formulas of previous studies. The proposed measurement method has high accuracy; an iterative calculation method for the phase difference of the voltage vector is proposed. The method is more convenient and reliable than direct measurement. Based on MATLAB / Simulink, the substation bus and online measurement model are established. Simulation analysis of various scenarios shows that the proposed method has a measurement error of less than 1%, which is technically easy to implement and practically promote.
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