Optimum Coordination of Multi‐Band Power System Stabilizers and STATCOM Using the Modified Particle Swarm Algorithm

In this paper, to improve the small signal stability of the power system, the optimal coordination of multi‐band power system stabilizers (MB‐PSSs) and static synchronous compensator (STATCOM) has been done. The study is conducted on a standard four machines and two areas power system. To create coordination, a modified version of the particle swarm algorithm as well as the integral time absolute error (ITAE) criterion are proposed. To evaluate the proposed stability method in different operating conditions and in the form of two scenarios, a three‐phase fault with a duration of 200 ms has been applied in the communication line between the two areas. After the simulation, the values of overshoot, undershoot, settling time, and ITAE criteria for the proposed stability method have been calculated and their values have been compared with the results of power system stabilizer (PSS) and MB‐PSS stabilization methods. The results indicate that the proposed combined method of MB‐PSS and STATCOM performed better than the other two methods in improving the dynamic stability of the power system and has the lowest value of the criteria. The values of ITAE for the PSS, MB‐PSS stabilization methods and the proposed MB‐PSS and STATCOM combined method in the first scenario are equal to 0.002354, 0.0.001496, and 0.001242 p.u. and in the second scenario it is equal to 0.0.007418, 0.004015, and 0.003435 p.u., respectively.