Risk-based dynamic security assessment for power system operation & operational planning

Assessment of dynamic stability in a modern power system (PS) is becoming a stringent requirement both in operational planning and in on-line operation, due to the increasingly complex dynamics of a PS. Further, growing uncertainties in forecast state and in the response to disturbances suggests the adoption of risk-based approaches in Dynamic Security Assessment (DSA). The present paper describes a probabilistic risk-based DSA, which provides instability risk indicators by combining an innovative probabilistic hazard/vulnerability analysis with the assessment of contingency impacts via time domain simulation. The tool implementing the method can be applied to both current and forecast PS states, the latter characterized in terms of renewable and load forecast uncertainties, providing valuable results for operation and operational planning contexts. Some results from a real PS model are discussed.