Abstract
This paper discusses the effectiveness of hybrid optimisation for the placement of Static Var Compensator (SVC) within electricity networks. The ultimate goal is to minimize transmission losses and enhance voltage stability by strategically positioning SVCs. The challenge of identifying the most suitable locations for SVC installation is addressed through a hybrid optimization framework. The practicality of the recommended framework is evaluated using the IEEE 14 and 30 Bus networks under various circumstances of loading. The evaluation involves comparing the performance of the traditional approach, which operates without (SVCs) with the results obtained from applying the hybrid optimization algorithm implemented in MATLAB R2020a. Results show that while both hybrid and conventional methods yield similar voltage stability indices, the hybrid method is slightly more economical and reduces real power losses. It outperforms the conventional method in stability, achieving a lower voltage stability index, minimizing load voltage deviation, and improving overall system performance. Additionally, the hybrid method lowers the objective function value, which amounts to an average improvement of about 0.08% and enhances voltage regulation by 2.02%, making it advantageous for efficient power system optimization.