Reliability evaluation of composite electric power systems incorporating FACTS

The utilization of FACTS technologies can have significant positive impacts on power system reliability performance and the actual benefits obtained can be quantitatively assessed using suitable models and techniques. Considerable effort has been spent in developing techniques for composite power system reliability evaluation. These methods are mainly focused on conventional generation and transmission facilities. There is relatively little literature which considers FACTS in reliability studies, particularly in composite system reliability evaluation. A methodology for incorporating FACTS devices in composite system reliability evaluation is presented in this paper.