AbstractIn order to improve power system stability and suppress low power oscillations, active power regulation using variable frequency transformer (VFT) plays an important role. The literature has already documented in‐depth research on active power transfer control principles of VFT. The VFT, which is basically a wound rotor induction machine consumes reactive power because of magnetizing winding. In terms of the power flow interchange in a two‐area power system incorporating VFT, this work gives an extensive analysis to comprehend the reactive power needs under various operating circumstances. In the context of reactive power compensation, the present study explores two distinct methodologies: the implementation of a fixed shunt capacitor and the utilization of an artificial neural network (ANN)‐based static synchronous compensator (STATCOM). The STATCOM‐based control technique outperforms the conventional fixed shunt capacitor by demonstrating improved capabilities in reducing reactive power imbalances and stabilizing the power system. Further, a control scheme based on voltage regulation is implemented for integrating the STATCOM to enhance the fault ride through capability of a three‐phase bus fault. Additionally, two‐area test system is exposed to a reactive load shift to evaluate the operation of STATCOM, which restores the bus voltage to its pre‐specified value.
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