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Shunt FACTS devices, such as, a Static Var Compensator (SVC), are capable ofproviding local reactive power compensation. They are widely used in thenetwork to reduce the real power loss and improve the voltage profile. Thispaper proposes a planning model based on mixed integer conic programming (MICP)to optimally allocate SVCs in the transmission network considering loaduncertainty. The load uncertainties are represented by a number of scenarios.Reformulation and linearization techniques are utilized to transform theoriginal non-convex model into a convex second order cone programming (SOCP)model. Numerical case studies based on the IEEE 30-bus system demonstrate theeffectiveness of the proposed planning model.

Optimal Allocation of Static Var Compensator via Mixed Integer Conic Programming