The Ferranti effect is a phenomenon that describes the increase in voltage that occurs at the receiving end of a long transmission line relative to the voltage at the sending end. The Ferranti effect is more prevalent when the load is very small, or no load is connected (i.e. an open circuit). The Ferranti effect can be stated as a factor, or as a percent increase.
Ferranti Effect occurs when current drawn by the distributed capacitance of the line itself is greater than the current associated with the load at the receiving end of the line(during light or no load).
This capacitor charging current leads to a voltage drop across the line inductor of the transmission system which is in phase with the sending end voltages. This voltage drop keeps on increasing additively as we move towards the load end of the line and subsequently, the receiving end voltage tends to get larger than applied voltage leading to the phenomena called Ferranti effect in power system .
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