Risk-Based Dynamic Security Assessment of the Electricity Grid with High Penetration of Renewable Generation

Electric power system security assessment is one of the most important requirements for operational and resource planning of the bulk power system ensuring safe operation of the power system for all credible contingencies. This deterministic approach usually provides a conservative criterion and can result in expensive bulk system expansion plans or conservative operating limits. Furthermore, with increased penetration of converter-based renewable generation in the electric grid, the dynamics of the grid are changing. In addition, the variability and intermittency associated with the renewable energy sources introduce uncertainty in the electricity grid. Since security margins have direct economic impact on the utilities; more clarity is required regarding the basis on which security decisions are made. The main objective of this work is to provide an approach for risk-based security assessment (RBSA) to define dynamic reliability standards in future electricity grids. RBSA provides a measure of the security of the power system that combines both the likelihood and the consequence of an event.

A novel approach to estimate the impact of transient stability is presented by modeling several important protection systems within the transient stability analysis. A robust operational metric to quantify the impact of transient instability event is proposed that incorporates the effort required to stabilize any transiently unstable event. The effect of converter-interfaced renewable energy injection on system reliability is investigated us-ing RBSA. A robust RBSA diagnostics tool is developed which provides an interactive user interface where the RBSA results and contingency ranking reports can be explored and compared based on specific user inputs without executing time domain simulations or risk calculations, hence providing a fast and robust approach for handling large time domain simulation and risk assessment data. The results show that RBSA can be used effectively in system planning to select security limits. Comparison of RBSA with deterministic methods show that RBSA not only provides less conservative results, it also illustrates the bases on which such security decisions are made. RBSA helps in identifying critical aspects of system reliability that is not possible using the deterministic reliability techniques.