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Flexible AC transmission systems and distributed generation units in power systems provide several benefits such as voltage stability, power loss minimization, thermal limits enhancement, or enables power system management close to the limit operation points; and by extension, economic benefits such as power fuel cost and power loss cost minimization. This work presents a multi-objective optimization algorithm to determine the location and size of hybrid solutions based on a combination of Flexible AC transmission systems devices and distributed generation. Further, the work expands the types of FACTS usually considered. The problem is solved by means of a Tabu search algorithm with good results when tested in a network of 300 nodes.

Multi-Objective Tabu Search for the Location and Sizing of Multiple Types of FACTS and DG in Electrical Networks