This paper provides the methods for enhancing the stability with normal or emergency operating conditions in real power systems and copes with the unbalance of demand of reactive power due to the loss of facility, such as 765kV transmission line. In this paper, we focused on the maximum allowable transmission power(hereafter, MAXTP) in the metropolitan area. In order to increase the MAXTP, the application of reactive power compensators, SVC, and Shunt compensator and reactor, is analyzed as an enhancing method of stability and MAXTP. Particularly, the f-V analysis was performed for the postulated contingency, in order to evaluate the effects on SVC. Conclusively, the stability of power systems could be enhanced and the MAXTP is increased effectively with Dongseoul SVC which has the capacity 200MVAr.