In recent years, energy, environment, deregulation of power utilities have delayed the construction of both generation facilities and new transmission lines. Better utilisation of existing power system capacities by installing new FACTS-devices has become imperative. FACTS-devices are able to change, in a fast and effective way, the network parameters in order to achieve a better system performance. FACTS-devices, such as phase shifter, shunt or series compensation and the most recent developed converter-based power electronic devices, make it possible to control circuit impedance, voltage angle and power flow for optimal operation of power systems, facilitate the development of competitive electric energy markets, and stipulate the unbundling the power generation from transmission and mandate open access to transmission services, etc.
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