Var Compensation by Sequential Quadratic Progranuning

This paper presents an application of the sequential quadratic programming method to find the optimal sizing of shunt capacitors and/or passive filters for maximizing the net present value resulting from energy loss reduction while taking investment cost into account and complying with IEEE Standard 519. The proposed methodology allows the simultaneous solving for fixed and switched var compensators by considering a characteristic load variation curve for each linear and nonlinear load.