This paper presents a new dynamic model and control approach for static synchronous series compensator (SSSC) to participate effectively in automatic generation control (AGC) of an interconnected deregulated power system. In doing so, a new mathematical formulation is extracted to present the participation of the SSSC in the tie-line power flow exchange. Besides, fractional order controllers (FOCs) are employed to design an effective SSSC damping controller. The effectiveness of the proposed SSSC-based damping controller in preparing an efficient AGC ancillary service is compared with its earlier model. Two heuristic algorithms of improved particle swarm optimization (IPSO) and modified group search optimization (MGSO) are compared to optimize the controller parameters. To achieve realistic results under a competitive scenario, a diverse-GENCOs multi-DISCOs power system with the physical nonlinear constraints, bilateral contracts, and pool-co transactions are taken into consideration, simultaneously. Dynamic simulation results reveal that the proposed FOC-based SSSC damping controller is superior to the earlier one to improve the restructured AGC performance. Comprehensive examinations are carried out under the un-contracted step, higher degree step, and random load demands which act as contract violation scenarios to validate the damping performance of the proposed controller. To demonstrate the robustness of the proposed control approach, sensitivity analysis is accomplished in a wide range of loading condition and system parameters.
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