The document analyzes and compares the impact of different shunt compensation devices (shunt capacitor, synchronous phase modifier (SPM), and static VAR compensator (SVC)) on voltage stability enhancement. It identifies the most critical contingency using indices like P-V curves, L-index, and fast voltage stability index (FVSI) for the IEEE 9-bus, 30-bus, and 118-bus test systems. The optimal location and size of the shunt compensator is determined by placing a fictitious generator at the weakest bus. Simulation results show that all three devices can improve voltage stability against load variations, with SPM having slightly higher losses than the other options.