System and method for operating capacitor banks

摘要

A method (50) of operating capacitor banks includes obtaining a reactive power shortage curve forecast for a time period (52). At least one capacitor bank power schedule curve is generated to supply reactive power to the power grid during the time period (54). The at least one capacitor bank power schedule curve is updated (56) to generate an optimized capacitor bank power schedule curve to reduce the area between the reactive power shortage curve and the capacitor bank power schedule curve. The method also includes providing switching signal commands (58) for operating capacitor banks based on the optimized capacitor bank power schedule curve.