This document discusses various methods of reactive power compensation including shunt compensation using shunt reactors and capacitors, series compensation using series reactors and capacitors, static VAR compensators (SVCs) which use thyristor-controlled reactors and capacitor banks to regulate voltage, and synchronous condensers which are synchronous machines that can generate or absorb reactive power by varying excitation current to control reactive power flow. The purpose of reactive power compensation is to improve power factor, regulate voltage, eliminate current harmonics, and increase transmission capacity.