Abstract
This paper presents a screening technique for greatly reducing the computation involved in determining the optimal location and types of Flexible AC Transmission System (FACTS) devices in a large power system. The first-order sensitivities of the generation cost for various FACTS devices are derived. This technique requires solving only one optimal power flow (OPF) to obtain sensitivities with respect to FACTS device control variables for every transmission line To implement a sensitivity-based screening technique, we used a new UPFC model, which consists of an ideal transformer with a complex turns ratio and a variable shunt admittance. A S-bus system based on the IEEE 14-bus system was used to illustrate the technique.