Stochastic assessment of voltage sags and techno-economic optimization

Power quality has become an essential concern for industries and domestic energy consumption with the development of sophisticated equipment like micro-electronic devices. When a power quality event happens, such as voltage sag, financial losses for industries increase tremendously. Therefore, voltage sag evaluation becomes crucial for predicting the number of events and severity of voltage sag events of the electrical network. Industries can determine the mitigation investment needed for optimal operation using the knowledge obtained through voltage sag analysis method. Thus, the first part of the study addressed the development of a stochastic assessment method for voltage sag at an interested bus in the power system network, which was an initial objective of the study. The second part of the research investigates dynamic voltage restorer (DVR) control techniques, as well as the necessary capacitance and energy storage dimensions. The studies also recommend a technique for economic evaluation that emphasizes the expense of voltage sag events as well as the cost of investment in DVR with and without voltage sag events. The size of DVR and economic assessment model established in these studies enables industries to rate the cost of voltage sag and the total investment in mitigation devices.