Voltage stability constrained line‐wise optimal power flow

The purpose of optimal power flow (OPF) is to optimise an objective function subject to a set of operating constraints. It remains an active research area because of using the bus‐wise power balance equations, which leads to a non‐linear solution space, resulting in OPF yielding local optimal solutions, thereby causing significant economic loss. In this study, first, a new line‐wise OPF (LWOPF) formulation is proposed. Thereafter, a maximum loadability factor, as a voltage collapse indicator, is derived and combined with LWOPF constraints to form a voltage stability constrained LWOPF (VSCLWOPF) model. As the line‐wise power balance equations are based upon the square of voltage magnitudes, it results in significant improvement in the solution space and lower‐order terms in all computational steps. The LWOPF and VSCLWOPF formulations, are solved using non‐linear optimisation technique, tested on several benchmark and real power systems. Results show that the proposed LWOPF is accurate, provides monotonic convergence, and scales well for large systems. It provides a better solution and is consistently faster, up to twice the speed of MATPOWER, due to reduced computational needs. Results of VSCLWOPF show that, for the same voltage stability level, the solution costs less than that obtained by classical bus‐wise OPF.