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In this chapter a multi objective optimal power flow (OPF) is obtained by using latest Metaheuristic optimization techniques BAT search algorithm (BAT), cuckoo search algorithm (CSA) and firefly algorithm (FA) with Unified power flow controller (UPFC). UPFC is a voltage source converter type Flexible Alternating Current Transmission System (FACTS) device. It is able to control the voltage magnitudes, voltage angles and line impedances individually or simultaneously. To enhance the power system performance, the optimal power flow has been incorporated UPFC along with BAT algorithm, cuckoo search algorithm and firefly algorithm based multi objective function comprising of two objectives those are total real power loss and the fuel cost of total real power generation. The BAT algorithm, cuckoo search algorithm and firefly algorithm based OPF has been examined and tested on a 5 bus test system and modified IEEE 30 bus system without and with UPFC. The results obtained with BAT algorithm, cuckoo search algorithm and firefly algorithms are compared with Differential Evaluation (DE).

Voltage instability has become a serious threat to the operation of modern power systems. Load shedding is one of the effective countermeasures for avoiding instability. Improper load shedding may result in huge technical and economic losses. So, an optimal load shedding is to be carried out for supplying more demand. This chapter implements bat and firefly algorithms for solving the optimal load shedding problem to identify the optimal amount of load to be shed. This is applied for a multi-objective function which contains minimization of amount of load to be shed, active power loss minimization, and voltage profile improvement. The presence of with and without static VAR compensator (SVC), thyristor-controlled series capacitor (TCSC), and unified power flow controller (UPFC) on load shedding for IEEE 57 bus system has been presented and analyzed. The results obtained with bat and firefly algorithms were compared with genetic algorithm (GA) and also the impact of flexible AC transmission system (FACTS) devices on load shedding problem has been analyzed.